Jacuzzi Appoints David Broadbent Vice President & CFO Sep 24, 2008
David Broadbent, Vice President Jacuzzi Brands Corp. (PRNewsFoto/Jacuzzi Brands Corp.) CHINO HILLS, CA UNITED STATES ... About Jacuzzi Brands Corp. Jacuzzi Brands Corp., (an Apollo Management L.P. affiliated portfolio company) through its subsidiaries, is a global manufacturer and distributor of high quality and innovative branded bath, plumbing and backyard products for the residential, commercial and institutional markets ... SOURCE Jacuzzi Brands Corp.. (PR Newswire)
Rexnord reports higher sales May 28, 2008
Net sales increased because of the addition of the firm's water management products division -- the Zurn business acquired from Jacuzzi Brands Inc. -- during the fourth quarter last year. The company also estimated that it may have lost $22 million to $26 million in fourth-quarter 2007 sales because of the Falk blast. (Milwaukee Business Journal, WI)
O'Melveny Does Star Role for Apollo on IPO Apr 10, 2008
25 billion acquisition of Jacuzzi Brands Inc. Still, the private equity firm traditionally has tapped Wachtell, Lipton, Rosen for its largest transactions. Thurmond is a capital markets partner in O'Melveny's New York office; she joined from Latham ns in 2006. (Law.com)
Rexnord reports 3Q profit Feb 7, 2008
The water management business was established with the February 2007 acquisition of the Zurn plumbing products business of Jacuzzi Brands Inc.. Rexnord CEO Bob Hitt said that the company reached a final settlement Dec. 5, 2007, with its insurance carrier related to both the business interruption and property and casualty policies related to the Falk Corp. accident. (Milwaukee Business Journal, WI)
Jacuzzi Brands: Sun Capital affiliate to buy Elijer Oct 29, 2007
Eljer Plumbingware, part of the Jacuzzi Brands (NYSE: JJZ) consumer bath division, sells ceramic, composite and iron sanitary ware - including bathtubs, toilets, bidets, sinks and faucets - under the Eljer brand name ... Jacuzzi Brands said it will retain a Salem, Ohio, manufacturing facility property closed last fiscal year ... In connection with the sale, Jacuzzi Brands said it anticipates $65 million in pre-tax charges during the second half of its fiscal 2005. (South Florida Business Journal, FL)
Jacuzzi Brands Corp.'s Subsidiary Signs Trademark License in Luxury Bedding Aug 11, 2007
Aug. 10 /PRNewswire-USNewswire/ -- Jacuzzi Brands Corp. announced that its subsidiary, Jacuzzi Inc. has granted an exclusive license to Thurmo Medical Sleep Products, Inc. USA to manufacture and market luxury sleep systems under its famous Jacuzzi(R) trademark ... "The Jacuzzi brand is known around the world for the highest quality innovative products that help people rest and rejuvenate in a luxurious and stylish manner" said Jacuzzi Brands Corp. President and Chief Executive Officer Thomas D.... (PR Newswire)
Two Pakistanis charged for insider trading Jul 5, 2007
Prosecutors claimed Naseem, a Pakistani citizen, placed calls to Rahim before deals involving TXU as well as Hydril, Veritas DGC, Jacuzzi Brands, Trammel Crow, John H. Harland, Energy Partners, Caremarks Rx and North Western Corporation. RATE THIS ARTICLE. (India Times)
U.S. charges Pakistani ex-banker with insider trading May 30, 2007
Prosecutors accused Rahim of trading on inside information about acquisitions including Northwestern Corp., Energy Partners Ltd., Veritas DGC, Jacuzzi Brands, Trammell Crow Co., Hydril Company, Caremark RX, John H. Harland Co., and TXU Corp.. On the conspiracy charge, Rahim could face a maximum of five years in prison. (ABC News -- Wire)
Banker from Rye Brook held in trading scheme May 5, 2007
Naseem placed calls to the banker's home and mobile phones in advance of deals involving Hydril Co., Trammell Crow Co., John H. Harland Co., Energy Partners Ltd., Veritas DGC Inc., Jacuzzi Brands Inc., Caremark Rx Inc. and NorthWestern Corp., as well as TXU, according to the SEC's complaint. The government said Naseem started tipping the Pakistani banker "immediately upon obtaining employment at Credit Suisse in March 2006." Often, he would divulge the confidential information the day before and... (Remote Access)
Banker accused of insider trading May 5, 2007
Other companies in which Naseem's co-conspirator allegedly made improper trades include Northwestern Corp., Energy Partners Ltd., Veritas DGC Inc., Jacuzzi Brands Inc., Trammell Crow Co., Hydril and John H. Harland Co.. Credit Suisse was either engaged to advise the target company or its acquirer in each deal, according to court documents. (MSNBC -- Business)
Banker on insider trading charges May 4, 2007
Prosecutors allege that this took place between April 2006 and February 2007, and involved the following companies: Northwestern Corporation, Energy Partners, Veritas, Jacuzzi Brands, Trammell Crow, Hydril, Caremark, John H. Harland , and TXU.. Mr Naseem worked for the Global Energy Group at Credit Suisse Securities USA.. (BBC News -- Business)
N.Y. private equity firm buying Innkeepers USA Trust Apr 17, 2007
Apollo Management L.P. recently acquired or bought majority stakes in several other South Florida companies, including Pembroke Pines-based Claire's Stores, Jacuzzi Brands of West Palm Beach and Oceania Cruises of Miami. COLUMNISTS. (Sun-Sentinel.com)
Jacuzzi Brands Corporation Appoints New President & Chief Executive Officer Mar 24, 2007
Jacuzzi Brands Corporation Appoints New President Executive Officer ... Jacuzzi Brands Corporation Appoints New President Executive Officer ... March 23 /PRNewswire/ -- Jacuzzi Brands Corporation today announced that Thomas D. Koos, 43 years old, has been appointed President Executive Officer and a member of the Board of Directors effective April 2, 2007. (PR Newswire)
Black & Decker Names Bruce W. Brooks President - Consumer Products Group Mar 24, 2007
Mr. Brooks succeeds Thomas D. Koos, who has resigned to accept the position of President and Chief Executive Officer of Jacuzzi Brands Corporation. Mr. Archibald commented, "Bruce Brooks has demonstrated strong leadership and delivered outstanding results during his 20 years at Black r. Since 2004, he has led Construction Tools, the largest division within the Industrial Products Group. He began his career in sales and has held a variety of key leadership roles, including positions as Vice... (PR Newswire)
Jacuzzi shareholders approve takeover by Apollo Management Jan 26, 2007
The deal is expected to close in early to mid-February 2007, the maker of whirlpool baths said in a statement. Reporting by Amitha Rajan in Bangalore. (ABC News -- Wire)
Jacuzzi, shareholders may settle merger suits Jan 23, 2007
The suits, four stockholder class action lawsuits, filed between Oct. 13 and Nov. 8 in the Court of Chancery of Delaware, named Jacuzzi Brands, each of its directors and Apollo as defendants. While the court must still approve the agreement in principle to settle the suits, Jacuzzi said it allows the parties to settle all claims raised or which could be raised if the company agrees to amend the merger agreement so. (South Florida Business Journal, FL)
Stocks to Watch Jan 19, 2007
Jacuzzi Brands Inc. () said it sees preliminary fiscal first quarter operating income declining primarily due to a 40 percent drop in income in the Bath segment due to operating losses at the U.S. whirlpool bath operations. JDSU () raised its view for fiscal second quarter revenue to a range of $360 million to $365 million. (Fox News)
