Myro manufactured and distributed caulk replacement and application
tools, including such products as Caulkstrip, Putty Buddy and Better
Bead. When purchased out of bankruptcy, Myro was losing operating
profit and sales were in decline.
Within the first year of our ownership, Myro achieved earnings of
nearly $1.5 million, by completely reorganizing the sourcing and manufacturing
operation, upgrading merchandising vehicles, and restructuring the
sales network – thus achieving a 12% annual sales growth in
an industry with annual sales growth of 3%. Myro became the market
leader in caulk replacement and application tools.