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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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Rubbermaid introduces Executive Series product line

BY HBSDealer Staff

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.

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