Rust-Oleum Corp. Acquires Miracle Sealants
Los Angeles, Calif. -- Rust-Oleum, a subsidiary of RPM International, recently purchased Miracle Sealants, professional stone, tile and grout care products. Founded in 1984 by tile and stone industry veteran Elio Salvo, Miracle Sealants pioneered the stone, tile and grout care and maintenance industry when it launched the 511 Impregnator product line. Since then, the company has grown into the largest dedicated care and maintenance business in the category, with nationwide distribution in Home Depot, Lowe’s, Menards, and Floor and Decor as well as many of the leading tile and stone retailers.
“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. “Leveraging the Rust-Oleum global distribution, sales and marketing network will drive sales growth.”