Is Sapphire Scientific in Play Again?
No sooner than it is announced that RPM bought Sapphire Scientific then I get the word that RPM is up for sale. RPM who earlier sold 3 brands including Bondo to 3M is now rumored to be ready to sell all of RPM to 3M. My source tells me that the “Due Diligence” paperwork is in process and if legal and financial depts clear the sale RPM will become part of 3M.
Hard to tell just what that means for Sapphire but my source tells me that 3M may sell Sapphire and Chemspec to SEM who is looking at entering the Carpet Cleaning arena. SEM is said to want to expand into carpet since they are a major player in automotive interihttp://www.blogger.com/img/blank.gifors especially auto carpet.
Add to this that some of the big boys took a look at MasterBlend but their shrinking slice is too small to attract any interest. At the same time another very small chemical manufacturer with truly innovative products may end up with a major distribution deal very soon. The cream rises to the top while the sludge falls to the bottom.
Best wishes,
Barry O’Connell
