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Kraus Canada appoints new president & general manager

BY HBSDEALER Staff

Shawn Davies is leaving his post as VP of Sofina Foods to join Kraus Canada as its president and general manager, effective Sept. 23. 

"Today is an exciting day in the history of Kraus," said Steve Malinowski, president and CEO of the Kraus Group of Companies. "I am pleased that Shawn will be joining the leadership team at Kraus."

The company cited Davies’ track record of substantial sales growth, strategic acquisitions and boosting profitability, among other successes.

Prior to his post at Sofina Foods, Davies increased sales by over 500% in his role as VP foodservice at Janes Family Foods. He has also overseen an R&D department and international procurement operations, as well as served as general manager for a national distribution company.

Located in Winnipeg, Kraus Canada is part of the Kraus Group of Companies, a large North American carpeting and flooring manufacturer and distributor. The Canada division serves 2,300 dealers across the country.

 

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Masonite commences trading on NYSE

BY HBSDealer Staff

Following its registration statement filing last month, Masonite International Corporation is set to commence trading on the New York Stock Exchange under the stock ticker symbol "DOOR."

"We are excited about this important step in Masonite’s evolution and remain focused on executing against a balanced set of business strategies to drive sustainable top and bottom line growth,” added Fred Lynch, president and CEO.

With trading of its common shares beginning Sept. 9, Masonite will become a public reporting company under U.S. Securities and Exchange Commission regulations.

"Listing the company’s shares on the NYSE will provide a more liquid and transparent market for our shareholders," said Mark Erceg, executive VP and CFO.

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Jarden rolls out common stock offering

BY HBSDealer Staff

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.

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