Keller Manufacturing (PK) (USOTC:KMFI)
Historical Stock Chart
From Dec 2019 to Dec 2024
The Keller Manufacturing Company, Inc. (”Keller”)
(Pink Sheets: KMFI) announced today that its subsidiary, Paragon Door
Designs, Inc., (“Paragon”)
has acquired exclusive rights to the Radiance Entry Systems product
line, customer base and order stream of J.J. Moore Sales, Inc. of Erie,
PA. The purchase price is based on an earn-out agreement over a two year
period.
The Radiance Entry Systems products will be manufactured at the Paragon
facility in Louisville, KY. A distribution and customer service center
will be maintained in Erie, PA to service the current Radiance delivery
area.
David N. Burks, the President and CEO of Paragon stated, “Paragon
continues to execute its strategic plan for growth of market share and
product offerings. Therefore, I am pleased with this timely and planned
acquisition. This gives Paragon a larger footprint in the northeastern
portion of the country, as well as a highly regarded brand, in Radiance
Entry Systems, to add to its product lines.”
For more information about Paragon please visit www.paragondoor.com.
Keller acquired a majority interest in Paragon in January of 2006.
The news release contains certain statements that are “forward-looking
statements” within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, as amended. Those statements may include statements
regarding the intent, belief or current expectations of the Company or
its officers with respect to (i) the Company’s
strategic plans, (ii) the policies of the Company regarding capital
expenditures, dividends, financing and other matters, and (iii) industry
trends affecting the Company’s financial
condition or results of operations. Readers of this news release are
cautioned that reliance on any forward-looking statement involves risks
and uncertainties. Although the Company believes that the assumptions on
which the forward-looking statements contained herein are based are
reasonable, any of those assumptions could prove to be inaccurate given
the inherent uncertainties as to the occurrence or nonoccurrence of
future events. There can be no assurance that the forward-looking
statements contained in this news release will prove to be accurate. The
inclusion of a forward-looking statement herein should not be regarded
as a representation by the Company that the Company’s
objectives will be achieved.
For more information about Keller, please visit www.kellermanufacturing.com.
For more information about Keller’s
subsidiary, Paragon, please visit www.paragondoor.com.