Based in Arcadia, California, 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 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. A leading brand 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, Lowes and Menards. Among the company’s leading products is 511 Impregnator, the industry standard in hard surface floor sealers.
“Miracle Sealants is an excellent strategic fit that adds another platform within Rust-Oleum’s hard surface care product portfolio,” RPM Chairman and CEO Frank C. Sullivan said. “Leveraging the Rust-Oleum global distribution, sales and marketing network will drive sales growth.”