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RPM's Rust-Oleum Acquires Sealer Company

Wednesday, March 21, 2018

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Coatings and sealants company RPM International Inc. (Medina, Ohio) announced Monday (March 19) that its Rust-Oleum Group has acquired sealers and cleaners company Miracle Sealants Company.

Miracle Sealants Company

Coatings and sealants company RPM International Inc. (Medina, Ohio) announced Monday (March 19) that its Rust-Oleum Group has acquired sealers and cleaners company Miracle Sealants Company.

RPM says that the Arcadia, California-based company provides a broad range of care and installation products primarily for natural stone, ceramic and porcelain tile, grout, brick and other masonry surfaces.

“Miracle Sealants is an excellent strategic fit that adds another platform within Rust-Oleum’s hard surface care product portfolio,” stated Frank C. Sullivan, chairman and CEO of RPM. “Leveraging the Rust-Oleum global distribution, sales and marketing network will drive sales growth.”

Miracle Sealants has annual net sales of approximately $25 million, and according to RPM has broad distribution channels across the United States, include big retailers Home Depot and Lowes.

The details of the transaction were not disclosed.

   

Tagged categories: Acquisitions; Business matters; Mergers; RPM; Rust-Oleum Corp.

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