Legend Brands acquires Prochem

Discussion in 'the CleAn Room' started by Mikey P, Jan 4, 2017.

By Mikey P on Jan 4, 2017 at 5:11 PM
  1. Mikey P
    Mikey P

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    Wow!

    How cool is that!

    Mike Roden returns..



    MEDINA, Ohio, Jan. 4, 2017 /PRNewswire/ -- RPM International Inc. (RPM) today announced that it has acquired two businesses, a manufacturer of commercial floor cleaning equipment and chemicals, and a manufacturer of specialty chemical raw materials. The companies have combined annual net sales of approximately $42 million. Terms of the transactions, which are expected to be accretive to earnings within one year, were not disclosed.

    RPM's Legend Brands business has acquired the Prochem business from the Kärcher North America Company, Inc. Prochem is a manufacturer of professional equipment and chemicals for cleaning and restoring carpet, upholstery and hard flooring surfaces. Based in Chandler, Arizona, Prochem has annual net sales of approximately $22 million.

    Prochem's equipment line includes truck-mounted and portable carpet, upholstery and hard surface cleaning machines, as well as a complete line of accessories. Prochem also manufactures professional-grade cleaning chemicals, including detergents, shampoos, spot and stain removers, and deodorizers. Its products are sold by distributors to professional cleaning contractors, primarily in North America.

    "We expect the addition of Prochem, which will be integrated into Legend Brands' current offering of professional cleaning products, to propel us into the leadership position in the professional cleaning market," stated Frank C. Sullivan, RPM chairman and chief executive officer. "There are a number of efficiencies to be gained by the combined businesses that we can leverage to the bottom line. Plus, we will be able to better serve customers as we now have cleaning chemical blending facilities on both the east and west coasts of the U.S."


    http://www.prnewswire.com/news-rele...annual-net-sales-of-42-million-300385734.html
    Last edited: Jan 4, 2017

Comments

Discussion in 'the CleAn Room' started by Mikey P, Jan 4, 2017.

    1. Cleanworks
      Cleanworks

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      On a low rider with chrome wheels
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    2. Cleanworks
      Cleanworks

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      It will be gender neutral
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    3. Todd Millar
      Todd Millar

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      You shouldn't be talking about RA that way:stir:
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    4. Cleanworks
      Cleanworks

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      That's gender neutered
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    5. Willy P
      Willy P

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      Oh the SHAME!
    6. dgardner
      dgardner

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      Announcing - The new SaphChem ProPhire Everest 870!

      SaphChem.jpg
    7. hogjowl
      hogjowl

      @

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      I can't tell you how excited I am.
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    8. steve_64
      steve_64

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      Triple S

      Super sucking squirters
    9. Larry Cobb
      Larry Cobb

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      As a distributor, I have had enough of industry mergers.
      Promises of keeping the same people and products ,
      only to see them discarded like dust in the wind.

      Chemspec staff is a recent example.
      I hope the ProChem workers are treated better !
      Last edited: Jan 4, 2017
    10. Mikey P
      Mikey P

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      Oh relax Larry..

      Karcher made damn sure their crew would be just fine in this merger.



      Go be nice to your brother, for once.
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    11. Ofer Kolton
      Ofer Kolton

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      In this time of bigger and bigger players, mergers acquisitions and consolidations.
      I wonder if their next move will be trying to cut out the middle man. That is the suppliers. These conglomerates always push for higher growth and greater margins.

      No doubt in my mind that's coming. We saw it in other industries. I am sure that sooner or later, they will try and have a go at it in this one as well.

      I for one will not support it.
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    12. SamIam
      SamIam

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      How does cutting out your distribution chain improve profits! You need some one to sell and install and work on your stuff.
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    13. dgardner
      dgardner

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      Laura O will probably end up as the Vice President of Marketing....
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    14. Ofer Kolton
      Ofer Kolton

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      Like Verizon and T-Mobile and costco and Amazon.....
      You open your own branches and pocket the profits, Sam. Look at the mark up on chems.
      Will they be able to cater to the individual cleaner and duplicate the trust and relationship is doubtful. I am sure they will try.

      May not be the next move but its coming.
      Matt Wood likes this.
    15. Mikey P
      Mikey P

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      Going to trade your 1200 for a EZ?


      that will show them..
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    16. Desk Jockey
      Desk Jockey

      THE GREAT SANTINI

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      that gurl is smart...and a smartass too! :winky:

      She is very sharp! :cool:
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    17. Ofer Kolton
      Ofer Kolton

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      Nope.
      If I said "too late" for that, would you believe me?

      Whats an EZ?

      The "loss" of PC was not a big deal. As it is there isn't much of a difference between PC truck mounts and SS. Pretty much designed by the same people with minor differences. Same for the Chemicalss, only RPM bought Chemspec and added to the line. SS original line was pretty much like PC.
      Once Karcher bought PC and kicked out all the people that were responsible for its original success they stopped being an innovative company. To begin with they were never super responsive to the cleaners and once these people were gone, they pretty much lost touch with the cleaners even more.

      SS when they started were much more responsive to the cleaners needs. See their posts here in the beginning. They were hungry and they were mad as hell. Not so much now. And they are much bigger. And they were bought by another big pocket company. Wonder if that pattern is a recipe for something. We'll see.

      Want to bet that this is not the end of it?

      P.S. As of now. I am keeping my 1200. Unless SS is willing buy me out. Make me in offer. In that case I'll switch in a heart beat.
      Last edited: Jan 4, 2017
    18. Ofer Kolton
      Ofer Kolton

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    19. CPS Dave
      CPS Dave

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      Aramsco is doing that with Interlink....
    20. Ofer Kolton
      Ofer Kolton

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      They all do. It's the nature of the beast.
      Hopefully due to its traditional progress, it will also be an opening for smaller, nimbler and more innovative companies.
      Russ T. likes this.

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