Rust-Oleum

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
Subsidiary of RPM International
Traded as
IndustryCoatings
Founded1921 (1921)
Evanston, Illinois, U.S.
Founder
  • Robert Fergusson
Headquarters
Vernon Hills, Illinois
,
U.S.
Area served
Worldwide
Key people
Products
Revenue US$ 1 Billion[1] (FY 2014)
Number of employees
1,000[2] (December 2016)
Websiterustoleum.com

Rust-Oleum remained a family-owned company until 1994. Today, Rust-Oleum Corporation is owned by RPM International Inc. 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]Based on 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]

Rust-Oleum's Brands

  • NeverWet
  • Wipe New
  • Varathane
  • Stops Rust
  • Krud Kutter
  • Watco
  • Okon
  • Painter's Touch
  • Specialty
  • Wolman
  • Zinsser
  • NanoShield
  • Automotive
  • Moldex
  • Jomax
  • Tremclad
  • Rocksolid
  • Epoxyshield
  • Restore
  • Testors
  • Modern Masters
  • Zehrung
  • Miracle Sealants
  • American Accents
  • Imagine Craft & Hobby
  • Enviroshield
  • Roto-Rooter
  • LeakSeal
  • Parks
  • Peel Coat
  • Metallic Accents
  • XIM
  • Universal
  • Whink
  • Seal Krete
  • Sierra Performance
  • Mathys

Facilities

Rust-Oleum Corporation's corporate headquarters are in Vernon Hills, Illinois, a northern suburb of Chicago. Rust-Oleum manufactures product in Pleasant Prairie, Wisconsin; Hagerstown, Maryland; Tulsa, Oklahoma; Lesage, West Virginia; and multiple other locations in the United States and Europe.

The corporate headquarters building was designed by Helmut Jahn, and is shaped to give the impression of a steamboat, including pipes adorning the atrium.[10]

Corporate Culture

The Chicago Tribune has ranked Rust-Oleum among the top mid-sized work places in the region in 2013, 2014, and 2015.[11][12]

Sport venue

Vernon Hills High School's football stadium is named Rust-Oleum Field, as the company donated $100,000 in exchange for 20 year naming rights. Additionally, Libertyville High School's baseball program receives sponsorship from the corporation.[13][14]

Official Partners

References
  1. https://www.rust-oleum.eu/about-us/
  2. https://www.rust-oleum.eu/about-us/
  3. Cho, Janet H. (16 September 2015). "How Rust-Oleum became a $1 billion consumer brand". Cleveland Plain-Dealer. Retrieved 24 June 2020.
  4. http://www.prnewswire.com/news-releases/rpm-acquires-synta-wood-deck-and-concrete-restoration-business-171032791.html
  5. http://www.rustoleum.com/pages/about-rust-oleum/rustoleum-press-room/rust-oleum-news/rustoleum-acquires-krud-kutter-business/
  6. RPM International Inc. (22 January 2014). "RPM Acquires Citadel Floor Coatings Business". www.prnewswire.com. Retrieved 24 June 2020.
  7. Cho, Janet H. (7 March 2016). "RPM acquires Seal-Krete, maker of concrete sealants". Cleveland Plain-Dealer. Retrieved 24 June 2020.
  8. "Financial Reports". RPM. Retrieved 24 June 2020.
  9. Shakey: Neil Young's Biography, Jimmy McDonough, 2002, Anchor
  10. Cancino, Alejandra (14 November 2014). "Rust-Oleum's perks sparkle among top workplaces". Chicago Tribune. Retrieved 24 June 2020.
  11. http://www.topworkplaces.com/frontend.php/regional-list/company/chicagotribune/rust-oleum-corporation
  12. http://www.rustoleum.com/about-rust-oleum/rustoleum-press-room/rust-oleum-news/the-chicago-tribune-magazine-recognizes-rustoleum-as-one-of-the-top-workplaces/
  13. http://www.fowbaseball.org/2015-fowb-sponsors.html
  14. "Naming rights sold--this time, at high school field". chicagotribune.com. 14 August 2002. Retrieved 24 June 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.