RPM International Inc.’s Rust-Oleum Group has acquired Miracle Sealants Co., building up its hard surface care offerings. Terms of the transaction were not disclosed.
“Miracle Sealants is an excellent strategic fit that adds another platform within Rust-Oleum’s hard surface care product portfolio,” said Frank C. Sullivan, chairman and CEO of RPM, in a statement. “Leveraging the Rust-Oleum global distribution, sales and marketing network will drive sales growth.”
Based in Arcadia, California, Miracle Sealants, a manufacturer of sealers, cleaners, polishes and related products for tile and natural stone, has annual net sales of around $25 million. Popular with professional installers for over 30 years, the company has broad national distribution in tile shops across the U.S., as well as big box retailers, such as Home Depot, Lowe's and Menards.
ASPIRE 2018
Frank C. Sullivan, chairman and CEO of RPM International Inc., is delivering the morning keynote at ASPIRE 2018! Learn more about ASPIRE 2018 and reserve your seat today for the daylong dealmakers’ conference on May 3 at the Renaissance Cleveland Hotel!
