Jarden rolls out common stock offering
After filing a shelf registration statement with the Securities and Exchange Commission, Jarden Corporation has announced an underwritten public offering of 11.6 million shares of its common stock, subject to market and other conditions.
If Jarden’s recent deal with Yankee Candle goes through, the company expects to put a portion of the net proceeds from the offering toward the purchase price, though the offering doesn’t depend on the acquisition. Should the deal fall through, Jarden will use proceeds for general corporate needs.
The company expects to grant underwriters a 30-day option to purchase up to 1.74 million additional shares of common stock.
Rubbermaid introduces Executive Series product line
Rubbermaid Commercial Products is introducing a new product line geared for the hospitality and property management industries. The Executive Series will provide professional-grade cleaning solutions for high-end properties.
"Image is everything in the hospitality business, and our customers are providing a very upscale experience for their guests," said Erika Miller, associate manager, product marketing for RCP. "We’re proud to have heard our customers’ concerns, and to be delivering a full, effective solution that addresses their need for cleaning materials that match the high-end image they have worked so hard to achieve."
According to the company, Rubbermaid conducted field research to come up with high-caliber solutions for executives, managers and housekeeping staff.
Part of the branding for the series involves a black and silver design that is meant to conform to upscale surroundings and provide minimal disturbance to the overall aesthetic.
The collection includes more than 100 cleaning products for guest reception areas, lobbies, conference rooms, restaurants, kitchens, and pool, spa and fitness centers.
In Northeast, Huttig adds AZEK to distribution mix
St. Louis-based Huttig Building Products will distribute AZEK in the Northeast.
Calling AZEK “one of the best brands in our industry today,” Huttig will distribute the trim, deck and porch (among others) products from its branches in Hooksett, N.H.; Augusta, Maine; Newington, Conn.; and Selkirk, N.Y.
“We’re proud to have been selected to partner with AZEK in the distribution of their products in the northeastern U.S.,” said Greg Gurley, Huttig VP of product management. “AZEK is trusted by pros everywhere, and is a brand that will certainly help our dealers drive sales.”
The news comes amid organizational changes at AZEK. After operating independently since September 2012, the AZEK and TimberTech brands have united under a single organization: the newly formed CPG Building Products, under newly appointed President Jason Grommon.
Huttig also distributes TimberTech.
“The addition of AZEK expands our product offering with another top brand focused on innovative products that deliver strong value to each step in the channel,” said Huttic CEO Jon Vrabely.