Rust-Oleum Acquires Krud Kutter Business
Vernon Hills, Ill., July 8, 2014 – RPM International Inc. (NYSE: RPM) has announced that its Rust-Oleum Group has acquired Krud Kutter, Inc., a marketer of specialty cleaning products for both residential and industrial markets. Terms of the transaction were not disclosed.
Krud Kutter specializes in problem solving cleaners and removers, which are water-based, bio-degradable, non-toxic and VOC compliant, while offering superior performance characteristics. The brand is sold across the country in home centers, hardware stores, mass merchants, and industrial supply outlets.
“Krud Kutter is a leader in effective yet more environmentally friendly cleaners which will allow Rust-Oleum to expand its offering in this category. The Krud Kutter brand will benefit from our marketing and category management expertise,” stated Tom Reed, president and chief operating officer of Rust-Oleum.
Ed Rice, former CEO of Krud Kutter and son of the founder of the business, will continue to lead this business as part of Rust-Oleum.