Water Pik (NYSE:PIK)
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From Jun 2019 to Jun 2024
Water Pik Technologies, Inc. (NYSE:PIK) today announced
that it has completed the sale of its Laars(R) Heating Systems
business to Bradford White Corporation for $24,300,000. The sale
includes a manufacturing facility in Rochester, New Hampshire and a
distribution center in Oakville, Ontario, Canada that produces and
distributes a comprehensive line of Laars(R) branded boilers and water
heaters for commercial and residential applications. The sale is not
expected to have a material impact on operating income for the
remainder of Fiscal-Year 2005, other than the effect of recording the
transaction. As previously announced, the Board of Directors is
continuing its review of strategic alternatives for the Company.
Forward-looking Statements
Any statements in this news release, which are not historical
fact, may be considered forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. With
respect to the Company's strategic alternatives announcement on
January 4, 2005, no assurance can be given that any strategic
alternative involving a transaction will be pursued or, if a
transaction is pursued, that it will be consummated. In addition, the
impact, if any, that pursuing strategic alternatives will have on the
financial performance or operations of the Company is uncertain. The
reader is cautioned not to rely on any forward-looking statements, as
actual results may differ materially from those reflected in the
forward-looking statements. The Company does not have any intention or
obligation to update forward-looking statements, even if new
information, future events or other circumstances make them incorrect
or misleading.
Bradford White Corporation is a full line manufacturer of
residential, commercial and industrial products for water heating,
space heating, combination heating and storage applications. The
Company is headquartered in Ambler, PA and has manufacturing
facilities in Middleville, MI, Niles, MI and Mississauga, ON, Canada.
Water Pik Technologies, Inc. is a leading developer, manufacturer
and marketer of innovative personal healthcare products and swimming
pool and spa products sold under the Water Pik(R) and Jandy(R) brand
names. The Company has developed and introduced many products that are
considered the first of their kind and have led to the formation of
new markets, including the automatic toothbrush, end-of-faucet water
filtration system, pool heater and pulsating shower massage. The
Company's products are sold through a variety of channels, including
home centers, mass-merchandisers, drug store chains and specialty
retailers, wholesalers and contractors. Headquartered in Newport
Beach, California, the Company operates eight major facilities in the
United States and Canada. For more information, visit the Water Pik
Technologies, Inc. web site at www.waterpik.com.