RPM acquires Iowa company
RPM International Inc.’s growing stable of acquisitions now includes a company that specializes in getting rid of rust stains, Iowa-based Whink.
RPM International’s Rust-Oleum business group this week announced it has acquired Whink Products, a specialty cleaner manufacturer and marketer based in Eldora, Iowa. Whink has annual sales of about $6 million. Medina-based RPM did not disclose terms of the deal.
Whink’s specialty products, sold in numerous retail outlets, include rust, carpet and laundry stain removers; cooktop, countertop and wood cleaners; mineral deposit removers; and drain and septic system treatments. Brands include Rust Stain Remover and Rust Guard.
“In addition to providing us with the leading brand in the rust stain removal segment, Whink will also accelerate our expansion into other indoor cleaning solutions, adding a breadth of offerings to our rapidly growing Krud Kutter program,” Frank C. Sullivan, RPM chairman and chief executive officer, said in a news release.
UPS warns of package delays
UPS says some package deliveries are being delayed because of an unexpected flood of orders from online shoppers.
Responding to complaints on social media, the company says it is working to fix the problem.
UPS spokesman Steve Gaut says the delays of one or two days were caused by an unexpectedly big “bubble” in online orders the week after Thanksgiving.
United Parcel Service Co. expects to be back to normal operations by the end of Wednesday. It plans to hire about 95,000 seasonal workers and use more automation to meet the crush of shipments
West Virginia mine closes
A union official says a coal mine in northern West Virginia has been idled, with 260 workers losing their jobs, apparently because of adverse geological conditions and market issues.
Phil Smith, spokesman for the United Mine Workers of America, says another 59 people were laid off a few months ago at the Federal No. 2 mine in Blacksville owned by ERP Compliant Fuels, which has no other mine to transfer the workers to.
The company did not reply to requests for comment.
Google, Amazon feud festers
Google is pulling its popular YouTube video service from Amazon’s Fire TV and Echo Show devices in an escalating feud that has caught consumers in the crossfire.
Google says the decision to block YouTube is retaliation for Amazon’s refusal to sell some Google products that compete with Amazon gadgets. That includes Google’s Chromecast streaming device, an alternative to Fire TV, and an internet-connected speaker called Home, which is trying to catch up to Amazon’s market-leading Echo. Amazon’s high-end Echo Show has a screen that can display video.
Google is hoping to pressure Amazon into selling Google’s products.
Amazon also has rankled Google by declining to sell an internet-connected thermostat made by Nest, which is owned by Alphabet Inc., like Google. Amazon didn’t immediately respond to a request for comment Tuesday.
Dish founder refocuses role
Charlie Ergen, the founder of satellite TV company Dish, is stepping aside as CEO to focus on the company’s wireless business.
He will remain chairman. The new CEO, Dish Network Corp. president Erik Carlson, will report to him.
Dish has substantial rights to spectrum, or airwaves that transmit wireless signals, and has said it wants to build a network for everyday products that have internet connections, known broadly as the “internet of things.”
Jefferies analyst Scott Goldman said Tuesday’s announcement may be a sign that Dish will build that wireless network. The company could also sell or lease its spectrum rights.
Compiled from staff and wire reports.
Business news briefs, Dec. 6: RPM International acquires Whink