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2024 ASI Top 20: RPM International Inc.

RPM International is a multinational company founded in 1947 and consists of subsidiaries that manufacture, market, and sell specialty chemical products including specialty coatings, sealants, building material and related services. Included among the company’s brands are Kwik Seal, Tremco, Universal Sealants, Miracle Sealants, SEAL-KRETE, Touch ‘n Foam, and Zinsser. The company employs approximately 17,300 people worldwide with 121 manufacturing facilities. In 2023, the company completed six acquisitions.

RPM’s total sales grew approximately 10% in its fiscal year 2023 (ended May 31, 2023), reaching $7.26 billion. The company’s four business units include: Construction Products Group, Consumer Group, Performance Coatings Group, and Specialty Products Group. Adhesives and sealants are produced primarily in the Construction Products and Consumer groups. (The company declined to provide specific adhesives/sealants-related sales and other details.)

Representing 36% of total net 2023 sales, the Construction Products Group experienced record sales and profitability, achieving sales of $2.6 billion for the year, a 5% increase over the previous year. This segment, which includes the Tremco business, produces construction sealants and adhesives, as well as waterproofing solutions and many other products.

Fiscal 2023 sales for the Consumer Group reached $2.5 billion, representing 35% of RPM’s total sales. Caulks, sealants, and adhesives are among the many products produced by companies in this segment, including DAP.

NOTES: In January of this year, RPM announced the opening of a new Innovation Center of Excellence in Greensboro, North Carolina. The 60,000-square-foot facility is designed to harness the collective expertise among RPM companies and is home to chemists and technical experts. In October 2023, the company announced the acquisition of the wall system fabrication segment of NOW Specialties LLC by RPM’s Tremco CPG Inc. Now part of Tremco Construction Products Group, the Texas-based fabrication business is a leading wall system fabricator specializing in metal composite material and aluminum composite material panels and has annual net sales of approximately $20 million.

Opening image courtesy of Business Wire.

No. 7 | RPM International Inc.

Medina, Ohio
Chairman and CEO: Frank C. Sullivan
Sources: press releases, annual report

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