Our subsidiaries manufacture, market and sell various specialty chemical product
lines, including high-quality specialty paints, protective coatings, roofing
systems, sealants and adhesives, focusing on the maintenance and improvement
needs of the industrial, specialty and consumer markets. Our family of products
includes those marketed under brand names such as API, Carboline, CAVE, DAP,
Day-Glo, Dri-Eaz, Dryvit, Euclid, EUCO, Fibergrate, Flecto, Flowcrete, Grupo
PV, Hummervoll, illbruck, Mohawk, Rust-Oleum, Stonhard, TCI, Toxement, Tremco,
Tuf-Strand, Universal Sealants, Viapol, Watco and Zinsser. Our subsidiaries
marketed products in approximately 164 countries and territories and operated
manufacturing facilities in approximately 120 locations in the United States,
Argentina, Australia, Belgium, Brazil, Canada, Chile, China, Colombia, France,
Germany, India, Italy, Malaysia, Mexico, The Netherlands, New Zealand, Norway,
Poland, Saudi Arabia, South Africa, Spain, Sweden, Turkey, the United Arab Emirates
and the United Kingdom. Approximately 36% of our sales are generated in international
markets through a combination of exports to and direct sales in foreign countries.
Our business is divided into three reportable segments: the industrial reportable
segment (“industrial segment”), the specialty reportable segment
(“specialty segment”) and the consumer reportable segment (“consumer
segment”). Within each reportable segment, we aggregate several operating
segments which comprise individual reporting units and product lines that generally
address common markets, utilize similar technologies and are able to share manufacturing
or distribution capabilities. The industrial segment (Tremco Group, tremco illbruck
Group, and RPM Performance Coatings Group), which comprises approximately 51%
of our total net sales, includes maintenance and protection products for roofing
and waterproofing systems, flooring, passive fire protection, corrosion control
and other construction chemicals. The specialty segment (Specialty Products
Group) comprises approximately 15% of our total net sales, and includes industrial
cleaners, restoration services equipment, colorants, exterior finishes, edible
coatings and other specialty original equipment manufacturer (“OEM”)
coatings. The consumer segment (Rust-Oleum Group, DAP Group and SPG-Consumer
Group) comprises approximately 34% of our total net sales and includes rust-preventative,
special purpose and decorative paints, caulks, sealants, primers, nail enamels,
cement and woodcare coatings and other branded consumer products.