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Posts Tagged ‘merger’

Lasco Bathware and Aquatic Whirlpools Announce Merger

Monday, January 25th, 2010
The Ava Bath is the newest product from the recently-formed company, Aquatic.

The Ava Bath is the newest product from the recently formed company, Aquatic.

Bath and shower product company Lasco Bathware has merged with hydrotherapy firm Aquatic Whirlpools to form Aquatic, the new company announced. Aquatic will be headquartered in the former Lasco company’s location in Anaheim, Calif. A combination of expertise from both companies positions Aquatic for solid business in the everyday bathing, accessible bathing, and luxury hydrotherapy markets.

“At Aquatic, we recognize and are inspired by the power of our products to relax, refresh, reinvigorate, and renew,” said Aquatic president Gary Anderson in a press release. “That inspiration is built into everything we do, from the way we design, engineer, and manufacture our products, to how we work with our distribution partners, to the customer experience at every touch point while planning and shopping, and ultimately benefiting from our tubs and showers.

With 65 years of combined experience, Aquatic blends Lasco’s product breadth and operations strategies with Aquatic Whirlpools’ sleek designs and creative bathware designs, the company’s said. The new company will be a one-stop shop for bath and shower products, according to Dave McFarland, director of marketing and new product development.

“We’re positioning Aquatic as a true, national bathware specialist, as opposed to the many whole-house generalists you see in the market,” McFarland said during the International Builders’ Show (IBS). “With expertise across everyday, accessible, and luxury bathing, we’re in a unique category as a specialist in bath fixtures.”

The company says all three product areas will benefit individually from the former Lasco company’s national distribution capabilities; however, new opportunities are created when crossover between product categories is considered.

Visit www.aquaticbath.com for more information about the new company.  –Lauren Hunter

This article originally appeared on Remodeling magazine online.

The Stanley Works and The Black & Decker announce merger

Monday, November 2nd, 2009

The Stanley Works and The Black & Decker, both worldwide suppliers of power tools and other services, have announced today that they have entered into a “definitive merger” to create Stanley Black & Decker, the companies stated in a press release. The new company will be an “$8.4 billion global industrial leader in an all-stock transaction valued at approximately $4.5 billion,” the press release said.

The companies will hold a joint conference call and live webcast tomorrow, Tuesday, Nov. 3, at 8:30 a.m. EST to discuss the announcement. Dial in at 877.218.1796 with the passcode 38642483, and access the webcast at www.stanleyblackanddecker.com.

An audio replay of the call will be available approximately three hours after the call, through Tuesday, Nov. 17, and can be accessed by calling 800.642.1687 with the passcode 38642483.

“Stanley Black & Decker together will have a comprehensive offering across all major tool categories and great resources to support continued expansion of our combined security and industrial businesses,” stated John F. Lundgren, chairmen and CEO of Stanley, who will be president and CEO of the combined company.

The transaction is subject to customary regulatory approvals and closing conditions, and requires the approval of Stanley and Black & Decker shareholders, the companies added.

More information about the transaction can be found at www.stanleyblackanddecker.com. Read the press release here.–Victoria Markovitz