COMPONENT HARDWARE GROUP ANNOUNCES MERGER PLANS
Lakewood, NJ – March 2, 2012 – Component Hardware Group, Lakewood, NJ, and JHL Enterprises, two leading manufacturers of plumbing and hardware products, today announced plans that they have signed a definitive agreement to merge. Under the terms of the merger agreement, JHL will be fully integrated into Component Hardware Group. Harry Franze will retain his position as President & CEO of the combined businesses. J. Howard Levine, CEO of JHL Enterprises, will stay on in a consultant role. “From the start of our discussions it became apparent that merging our companies would provide the platform for JHL to continue its growth trend while providing Component Hardware with access to new markets,” said Franze. The merger will take effect on March 2, 2012.
The combined company will be headquartered in Lakewood and retain a warehouse in Rancho Cucamonga, CA. In the near-term, the company’s main priorities will be to seamlessly unify its product lines and services. Component Hardware will continue to service all existing JHL customers and support its commitments.
“The merger with JHL further strengthens our leadership position in the foodservice hardware and plumbing markets”, said Ed Whartnaby, Executive VP – Sales & Marketing, of Component Hardware. “We will be able to provide our customers with a broader product line at a range of price points, while still offering the same high quality and customer service that they have come to expect.”
For more information about Component Hardware, please visit http://www.componenthardware.com/.
About Component Hardware Group®, Inc
Component Hardware Group is a leading designer, manufacturer and distributor of premium plumbing and hardware products. The company creates innovative solutions that serve the foodservice, institutional, healthcare and commercial markets in the following brand divisions: Flame Gard® Filters & UL-Fire Rated Access Doors, Keil® Refrigeration Hardware, Encore® Premium Plumbing, SANIGUARD® product protection, Regal Ride™ casters and TOP-LINE® economy plumbing. Component Hardware has provided excellence in the plumbing and hardware industry for more than 30 years and, today, remains steadfastly committed to quality, service and innovation. For more information, please visit http://www.componenthardware.com, www.chgeurope.com, www.flamegard.com, www.encoreplumbing.com, and www.keilhardware.com.