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RPM’s Rust-Oleum Acquires Miracle Sealants Company

Published on 2018-03-23. Author : SpecialChem

TAGS:  Sealants    

RPM International Inc. Acquires Miracle Sealants Company
RPM International Inc. Acquires Miracle Sealants Company
RPM International Inc. has announced that its Rust-Oleum Group has acquired Miracle Sealants Company, a manufacturer of sealers, cleaners, polishes and related products primarily for tile and natural stone.

Based in Arcadia, Calif., Miracle Sealants has annual net sales of approximately $25 million. Terms of the transaction, which is expected to be accretive to earnings within one year, excluding one-time, transaction-related costs, were not disclosed.

Miracle Sealant Product Range

Miracle Sealants provides a broad range of professional grade care and installation products for natural stone, ceramic and porcelain tile, grout, brick and other masonry surfaces.

The company has broad national distribution in tile shops across the U.S., as well as big box retailers, such as Home Depot, Lowes and Menards. One of the company’s leading products is- 511 Impregnator, the industry standard in hard surface floor sealers.

Miracle Sealants Company

Frank C. Sullivan, Chairman and CEO of RPM, said:

Miracle Sealants is an excellent strategic fit that adds another platform within Rust-Oleum’s hard surface care product portfolio. Leveraging the Rust-Oleum global distribution, sales and marketing network will drive sales growth.

Source: RPM International Inc.
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