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. Matt Wood
      Matt Wood

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      If we didn't think too much, these forums would be boring
      dgardner and Desk Jockey like this.
    2. Lee Stockwell
      Lee Stockwell

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      Our SS and PC machines love working together. Big day today.
    3. Zee
      Zee

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      They should just buy Hydramaster and Masterblend too and see how rich all you carpet cleaners really are... see how much more you are willing to pay for machines that are primarily used on an ever shrinking market of floor covering material- carpet.

      The Canadian will just freeze their door shut soon.
      Ofer Kolton likes this.
    4. Lee Stockwell
      Lee Stockwell

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      So what about Windsor? Would like to understand why Karcher bought them in the first place.
    5. Mikey P
      Mikey P

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      Karcher kept Windsor.
      Lee Stockwell likes this.
    6. Zee
      Zee

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      Does that mean Jeff's products won't be affected?
    7. Cleanworks
      Cleanworks

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      Right now it makes sense to drive your van across the border and buy a Cleanco unit. Adds up to a 35% discount when you pay in US dollars.
      smart n kleen likes this.
    8. Ofer Kolton
      Ofer Kolton

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      Since Legend Brand hasn't bought me out yet (what are them ookers waiting for?) its a moot point. I ain't switching nothing.

      Here is the sentiment Mike: These companies are not evil it is just the nature of business. They actually have some very nice & neat people working for them. However, these big corporations that buy them need to show growth and keep getting bigger. We know the financial reasons for it.

      I am just a small independent business owner that likes (if he can) support smaller businesses. As long as they can provide a good quality product I would rather support them than their behemoth competitors. It's my 2 cents contribution.
      Desk Jockey and Mikey P like this.
    9. Kevin De Medeiros
      Kevin De Medeiros

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      Ive been dealing with these guys as I'm still running my 2006 Powerclean freedom and honestly they are great to deal with. Was there in November replacing the Koehler engine on my mount and she's running like new again. The alpha 440 has a bunch of improvements over the Powerclean freedom which makes them easier to maintain, work on and run. They did away with alot of the unreliable parts and re engineered it to get more performance out of them. Jim is very passionate about what he's doing and building these.
      KevinL, frresh1, Desk Jockey and 4 others like this.
    10. dealtimeman
      dealtimeman

      Everyday is Saturday.

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      Looks very well built and appears to have a lot of thought go into that build.
      Mikey P and smart n kleen like this.
    11. Mikey P
      Mikey P

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      I wonder why they don't promote it?
    12. Kevin De Medeiros
      Kevin De Medeiros

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      Not too sure why but I see an opportunity for a new advertiser on here. Also, I grabbed some of their Millenium 3 prespray while I was down there and am impressed with it. Compared it to a couple other name brand high pH presprays and it did a great job.

      IMG_20170104_120951719.jpg
    13. John Olson
      John Olson

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      I have a victory with 400 hours on the new engine for 6500 and another with 3000 hours for 4 grand and a non running complete machine that id sell for 2500 if you take all 3 I will sell them all for 11000. If powerclean was still in business as powerclean that number would be double
    14. John Olson
      John Olson

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      No.
    15. John Olson
      John Olson

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      They still owe a lot of people a lot of money no distributor is going to touch them. Id still be selling powercleans if they didn't go bankrupt oh and if they paid me what they owe me. I had no problem selling them over prochems they Freedom and Genesis
      are damn fine machines
      Lee Stockwell and Mikey P like this.
    16. Mikey P
      Mikey P

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      And there you go...
    17. Kevin De Medeiros
      Kevin De Medeiros

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      That's unfortunate. But I do agree they are great machines. With regards to prochem and sapphire, I don't see them keeping both lines of truck mounts.
    18. Lee Stockwell
      Lee Stockwell

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      No one buys a company to keep it the same.
      Matt Wood likes this.
    19. Lee Stockwell
      Lee Stockwell

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      There is MUCH more money in cleaning than in selling TMs.

      There is more money in selling TMs than in MAKING them.

      We the cleaners have a very inflated perception of the money actually cleared by manufacturers, thus so many garage builders.

      After all, "it's just a pump, motor and blower" right?

      :winky:
    20. Kevin De Medeiros
      Kevin De Medeiros

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      Obviously not but choice for its consumers is also a good thing.

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