Rust-Oleum

Rust-Oleum
Company typeSubsidiary of RPM International
IndustryCoatings
Founded1921; 103 years ago (1921)
Evanston, Illinois, U.S.
Founder
  • Robert Fergusson
Headquarters
Vernon Hills, Illinois
,
U.S.
Area served
Worldwide
Key people
Products
RevenueIncrease US$ 1 Billion[1] (FY 2014)
Number of employees
1,000[1] (December 2016)
Websiterustoleum.com

Rust-Oleum is a manufacturer of protective paints and coatings for home and industrial use. It was founded in 1921 by Robert Fergusson, a sea captain, after he noticed that fish oil spilled on rusty metal decks stopped corrosion from spreading. He soon incorporated whale oil into the formula, although many changes have been made over the years. Rust-Oleum products no longer contain whale oil, instead using resins derived from alkyds, polyurethanes, epoxies, latex, etc.

Rust-Oleum remained a family-owned company until 1994, when it was acquired by current owner RPM International Inc.[2] In 2015, the company reached one billion dollars in revenue.[3] Key brands include Stops Rust, High Performance, NeverWet, Painter's Touch, Universal, Varathane, Zinsser, and Watco. The company acquired Synta Inc., in 2012,[4] Krud Kutter, Inc. and Citadel Restoration and Repair, Inc. in 2014,[5][6] and Seal Krete in 2016.[7] On the basis of market share, Rust-Oleum holds the top position in the U.S. and Canada in the rust-preventative, decorative, specialty and professional segments of the small-project paint category.[8]

In 1979 the company's slogan, "Rust Never Sleeps", was adopted by Neil Young (upon a suggestion by Mark Mothersbaugh of Devo) as a name for an album.[9]

  1. ^ a b "About us". Rust-Oleum. Retrieved December 31, 2020.
  2. ^ Drown, Stuart (May 4, 1994). "RPM Inc. Will Buy Rust-Oleum's U.S. Holdings". Akron Beacon Journal. p. 8.
  3. ^ Cho, Janet H. (September 16, 2015). "How Rust-Oleum became a $1 billion consumer brand". The Plain Dealer. Cleveland. Retrieved June 24, 2020.
  4. ^ "RPM Acquires Synta Wood Deck And Concrete Restoration Business" (Press release). RPM International. September 24, 2012. Retrieved December 31, 2020.
  5. ^ Cho, Janet (January 19, 2019). "RPM buys Krud Kutter, a Georgia maker of non-toxic, biodegradable cleaners and removers". The Plain Dealer. Retrieved December 29, 2020.
  6. ^ "RPM Acquires Citadel Floor Coatings Business" (Press release). RPM International. January 22, 2014. Retrieved June 24, 2020 – via PR Newswire.
  7. ^ Cho, Janet H. (March 7, 2016). "RPM acquires Seal-Krete, maker of concrete sealants". The Plain Dealer. Retrieved June 24, 2020.
  8. ^ "Financial Reports". RPM International. Retrieved June 24, 2020.
  9. ^ McDonough, Jimmy (July 1, 2010). Shakey: Neil Young's Biography. Random House. pp. 534–535. ISBN 978-0307373809. Retrieved December 31, 2020.