Lowe's Companies, Inc. has named Olympic Paint and Stain its 2013 Innovation Partner of the Year. Olympic was honored with the award at Lowe's annual vendor meeting. The award recognizes an innovative product that helps consumers realize their home improvement goals.
Olympic RESCUE IT! provides consumers with a cost-saving option to rescue, instead of replace, severely damaged or weathered decks, patios and driveways. The exterior resurfacing stain, which tints to more than 110 colors, features outstanding elasticity to fill wood and concrete splits and cracks up to a quarter-inch deep. The resurfacer's flexible, crack-bridging ability results in a long-lasting, uniform finish that enhances the appearance of a deck or concrete surface while allowing consumers to save money, time and energy by avoiding costly replacements.
Olympic launched the product exclusively at Lowe's in March 2013, and consumers immediately responded to the product's affordability and ease of use. In fact, the product has earned a perfect five-star rating and a 100 percent recommendation rate from consumers on Lowes.com.
"With the launch of its new resurfacing product, Olympic rescued consumers who were previously stuck with only costly replacement options," said Mike Jones, Lowe's chief merchandising officer. "By working hand-in-hand, Olympic and Lowe's have raised the bar on delivering quality and value, helping make home improvement simpler by solving a complex problem for customers."
Olympic Paint was selected from vendors in product categories across the store, and the award is determined based on the following criteria: innovation, productivity and popularity.