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Rust-Oleum Acquires Seal-Krete

Monday, March 7, 2016

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In its quest to conquer the concrete care category, RPM International Inc. has announced that its Rust-Oleum Corporation subsidiary has acquired Seal-Krete, a leading U.S. manufacturer of concrete care coatings and sealants.

Terms of the deal, announced late Thursday (March 3), were not disclosed.

Based in St. Louis, Seal-Krete manufactures a complete line of priming, painting, sealing and finishing products for maintaining and decorating concrete, masonry, brick and pavers. Prior to the acquisition, Seal-Krete was a division of Clayton Valve (d/b/a Convenience Products), according to RPM.

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©iStock.com / Kritchanut

RPM's Rust-Oleum subsidiary has acquired Seal-Krete.

Seal-Krete products are sold primarily through home improvement centers, as well as through independent hardware and paint stores. Among its well-known brands are Seal-Krete Original, Damplock, Epoxy-Seal and Clear-Seal.

The company’s annual net sales are in excess of $10 million, according to RPM.

Growth Ahead

“The acquisition of Seal-Krete expands Rust-Oleum's range of concrete care products,” stated Frank C. Sullivan, RPM chairman and CEO. “Complementing our existing EpoxyShield and RockSolid lines, Seal-Krete will allow us to offer a complete one-stop-shop for concrete care.”

“We expect to grow Seal-Krete by leveraging its products across the Rust-Oleum distribution network,” he said.

The deal is anticipated to be accretive to earnings within one year, RPM notes.

Medina, OH-based RPM owns subsidiaries in the specialty coatings, sealants, building materials, and related markets. Brands include Stohnard, Tremco, illbruck, Carboline, Flowcrete, Zinsser, Rust-Oleum, DAP, and Varathane.

   

Tagged categories: Acquisitions; Business matters; Coatings Technology; Convenience Products; Mergers; North America; RPM; Rust-Oleum Corp.; SEAL-KRETE

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