California to require carbon monoxide devices
Owners of single-family homes in California must install carbon monoxide monitors by July 1 if they have a fireplace or heater that burns fossil fuels. Homeowners who ignore the new mandate can face fines of up to $200.
The deadline for apartment buildings, hotels and dormitories to comply with the new regulation is not until 2013.
Carbon monoxide, an odorless, colorless gas, is responsible for 30 to 40 deaths in California every year, according to the state’s Air Resources Board. California joins 24 other states in mandating installation of the devices.
CO2 is carbon dioxide.
CO2 is carbon dioxide. Carbon monoxide is CO.
TOTO teams with Crossville on eco-program
Plumbing manufacturer TOTO announced that it has expanded its best‐in‐class sustainability initiatives at its world‐class manufacturing facility in Morrow, Ga.
The company has formed a cross‐industrial strategic partnership with Crossville Inc., manufacturers of Porcelain Stone tile, which has developed proprietary systems for processing pre‐consumer sanitary ware, fired tile and filtrate waste back to powder that is used in the manufacture of new tile.
“There’s no ‘silver bullet’ when it comes to reducing a facility’s carbon footprint,” said Bill Strang, senior VPoperations for TOTO. “However, ‘silver buckshot’ proves a practical conceptual model. That is, numerous incremental projects and processes combine synergistically to significantly reduce a company’s environmental impact."
He said TOTO is eliminating the term "waste" from its corporate vocabulary. "We have nearly attained carbon- and water-neutral status at our five North American plants," he added.
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Stanley to buy Swedish security firm
Stanley Black & Decker has agreed to buy Niscayah, a European electronic security and monitoring company for $1.2 billion, including assumed debt. Stanley will pay $18.00 per share in cash (in Swedish currency) for the Stockholm-based company, 24% more than an all-stock offer by another firm, Securitas AB, and a 15% premium to Niscayah’s stock price at close on June 23, 2011.
With estimated 2011 revenue of approximately USD$1 billion, Niscayah is one of the world’s leading commercial security and monitoring companies and one of the largest access control and surveillance solutions providers in Europe. Niscayah’s integrated security solutions include video surveillance, intrusion alarms and fire alarm systems, and its offerings include design and installation services, maintenance and repair, and monitoring systems.
The proposed acquisition would expand and complement Stanley Black & Decker’s existing security product offerings and further diversify the company’s operations and international presence. Niscayah’s business is well diversified across northern, central and southern Europe and the Nordic Region, as well as in the United States. Stanley Black & Decker’s existing Convergent Security Solutions (CSS) business revenues are approximately $800 million, of which Europe represents about $300 million.
The acquisition would be funded with Stanley Black & Decker’s existing offshore cash resources with no additional debt or equity issuances, the New Britain, Conn.-based company said in its announcement.
The offer is subject to customary conditions for a public offer in Sweden, including antitrust approvals and the acceptance of the offer to such an extent that Stanley Black & Decker becomes the owner of more than 90% of the total number of shares in Niscayah. The transaction is expected to close in September 2011.
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