Masco

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Posted by pompos 03/07/2009 @ 14:10

Tags : masco, industrial supplies and services, business

News headlines
Q& A: Chris Splinter continues to bash baseballs for Masconomet - Wicked Local Topsfield
Splinter came out of the Masconomet baseball team's May 16 game against Boston Latin (the Chieftains' last before the Lawrence Tournament, which began on May 21) leading the team in hits, batting average (among Chieftains with more than 20 at-bats),...
Teachers protest Masco superintendent interviews - Wicked Local Topsfield
By David Rogers/drogers@cnc.com About 30 teachers picketed Tuesday's Masconomet School Committee meeting featuring 90-minute interviews with the two finalists for the soon-to-be vacant superintendent's job. School Committee member John Spencer said the...
Knights notebook - North Andover Citizen
The Knights took on Masco May 21 after press deadline to kick off the Lawrence Tournament. The Knights will then play over the weekend to conclude the regular season, but opponents and times TBA. The North Andover softball team's late surge to qualify...
Feuding Friends Valentino dynamic adds new twist to Knight-Masco ... - Eagle Tribune
Tomorrow night, the "friends" collide in the opening round of the 28th Lawrence Invitational Baseball Tournament when Valentino, in his first year as the head coach at Masconomet Regional, leads his Chieftains into battle with North Andover....
Boys lacrosse tournament seedings: First No. 1 seed results in ... - The Salem News
Masconomet is the only team from the area in Division 2. The Chieftains are playing a team they have first-hand knowledge of — although that's not always a good thing. Masco, the 12th seed, hosts No. 21 Catholic Memorial Tuesday in a rematch from a...
Wilmington baseball team can't get past Masco - Wilmington Advocate
By Scott Olszewski Masconomet put the game away in the top of the first, scoring eight runs, handing the Wilmington High boys baseball team a 9-0 loss at home last Thursday night. The Chieftains sent 14 men to the plate in the top of the first....
Knights notebook - Marblehead Reporter
They did lose a non-league match-up to Masco, albeit shorthanded going into it on May 15. Katie Corbett, Maika Strogoff and Elise DiPrisco paced the offensive attack against the Panthers with three goals apiece. Courtney Maag chipped in with two scores...
Masconomet superintendent finalist on board of search firm - Wicked Local Middleton
By Brendan Lewis/blewis@cnc.com One of two finalists for Masconomet's superintendent position is on the board of directors of the search firm the School Committee hired to help fill the soon-to-be-vacant position. Brenda Needham, the superintendent for...
Swamp Queen guilty of Felony Battery - WBBH
Prosecutors say she held nothing back when they say she beat down Eliza Masco, fracturing her eye socket and breaking her nose in August of 2007. For months before, defense attorneys say Chesser was getting threatening texts from Masco, in part because...
Tigers Notebook - Ipswich Chronicle
“Although Masco was a tough opponent, Alex Sulkin and Megan and Kaitlyn played one of their best matches of the season, especially in the first set for both matches,” Simms added. Some variety was welcomed by Tigers head coach Glenn Foster....

Masco

Masco Corporation is a Fortune 500 company that focuses on manufacturing and distribution of building products and branded consumer products for the home improvement and construction markets.

The company is a leading provider of variety of services including installation of insulation solutions for buildings, and building products such as shelving, windows, cabinetry, fireplaces, portable spas, bathroom accessories, garage doors, and products related to gutters.

By 2003, the parent corporation had sales of $10.9 billion and profit of $806 million. The current CEO is Timothy Wadhams.

Masco currently employs approximately 52,000 employees and has approximately 6,300 shareholders. The company is currently ranked at 223 on the Fortune 500, down from 190 in 2007. As of December 31, 2007, Masco had a little over ten billion dollars in assets, and the company’s total revenue was $11,770.00 million. Total sales for the company in 2007 were 2,829 million.

Initially organized in 1929 as Masco Screw Products Company by Alex Manoogian in Taylor, Michigan, United States of America, Masco Corporation has emerged as the global leader in the manufacturing and distribution of branded consumer products for the home and family. Alex Manoogian and his wife donated the Manoogian Mansion to the City of Detroit as the official residence of the Mayor.

Masco Screw Products Company produced machined automotive parts for the Detroit automotive companies. Manoogian landed the company’s first contract in 1930 with the Hudson Motor Company. It was valued at $7,000.00, and in 1935 the company’s sales reached 100,000 dollars for the first time ever. The following year Masco went public and began being traded on the Detroit Stock Exchange. In 1942, Masco’s sales exceeded 1 million dollars .

For years the company has made acquisitions of related small family-run businesses which were enticed by cash, stock in the parent corporation and a "hands off" policy which allowed them to retain employees and personal management of their local operations. Between 1997 and 2002, Richard Manoogian, who succeeded his father as chief executive, invested over $10 billion on 42 buys.

In 1952, Manoogian began redesigning the single-handle waterless faucet. The faucet he created was one of the very first single-handle hot/cold faucets; it is now known as Delta. Delta’s television advertisements were a first for any faucet, and made the product a successful seller. Masco went on to capture the mass market as sales moved from plumbing wholesalers to retail stores such as Sears and Kmart. These steps of production and marketing of the Delta faucet began in 1954, and four years later Delta Faucet’s annual sales exceeded a million dollars. This was the last year that the company would be referred to as Masco Screw Products Company.

Alex Manoogian, founder, acted as President and Chief Operating Officer (COO) from 1929 until 1967. In 1958 his son Richard joined the company. Richard, having spent nine years with the company, succeeded his father one year after the company moved to Taylor, Michigan. Alex passed away on July 10, 1996, the same year that his son Richard passed on his COO role to Ray Kennedy, allowing him to assume the position of Chief Executive Officer. In response to Kennedy’s death, Alan Barry was appointed as Masco’s President and COO on April 8th 2003.

In 1961, Masco Screw Products Company changed its name to Masco Corporation. In 1967, they moved to their current corporate headquarters in Taylor, Michigan. For the first time, in 1969, Masco was listed on the New York Stock Exchange. In 1975, Masco first appeared on the Fortune 500, and Masco’s annual sales exceeded one billion dollars for the first time ever in 1984. One year later, Masco began manufacturing cabinets.

Masco reorganized its numerous companies; in 1988, the specialty products divisions of Masco Industries and Masco Corporation combined to form TriMas Corporation. Three years after this merger, TriMas was listed on the New York Stock Exchange (NYSE). The remainder of Masco Industries became Masco Tech Inc. and in 1993 was listed on the NYSE. At that point in time three different Masco Companies existed: Masco Corp., Masco Tech., and TriMas Corp.

Two years later, Masco entered the services business, and one year later Masco divested its furniture business. TriMas and Masco Tech merged to form one company offering a wide array of products. Masco announced a 2 for 1 stock split, which was the ninth time the Company had split its shares since 1960 and was the 40th year in a row that its dividends were increased. This merger left two companies, Masco Tech. and Masco Corp.

In 1999 Masco involved itself in the architectural coatings business, and the company’s annual sales topped five billion dollars for the first time.

In 2000, Masco Tech. was purchased by a Heartland Industrial Partners, a private equity firm and its name was changed to Metaldyne. Metaldyne is headquartered in Plymouth, Michigan.

In 2001, Masco Corp., or simply Masco, entered the windows business and had operating profits beyond a billion dollars. In 2003 Masco’s annual sales topped ten billion dollars, and Masco increased its quarterly dividend for the 47th consecutive year. This ranked them in the top ten publicly-owned companies achieving increased annual consecutive dividends.

Throughout his time with the company, Richard Manoogian has achieved a net worth of approximately $750 million. He has been ranked as high as number five on the Forbes 400 list of richest manufacturers. The Manoogian family is no longer involved in the management of the company.

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Judit Mascó

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Judit Mascó i Palau (born October 12, 1969) is a Catalan Spanish model and TV presenter from Barcelona.

Mascó got her start appearing in TV commercials in Spain. She was later signed to an agency and began modeling for print. Mascó appeared in the 1990 Sports Illustrated Swimsuit Issue as the cover model. She also appeared in the 1991, 1992, 1994, and 1995 editions.

She played a supporting role in Después del sueño (After the Dream) and El largo invierno (The Long Winter of '39), two Spanish films from the early 90's.

In 2006 and 2007, she hosted the reality television show Supermodelo in Cuatro TV.

Mascó is regarded as one of the best Spanish models of the 90s and still appears in print occasionally. She's also known for being involved in social causes.

She is married to lawyer Eduardo Vicente and has four daughters, one of them an adopted girl from Haiti.

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Alex Manoogian

Alex and Marie Manoogian Museum (1982) by architect Baghdasar Arzoumanian in the grounds of the Mother See of Holy Etchmiadzin, funded by Alex Manoogian[2].

Alex Manoogian (1901 Smyrna, Ottoman Empire - 10 July 1996, Detroit) was an American businessman, industrial engineer, and philanthropist. Detroit's Manoogian Mansion bears his name.

Born into an Armenian family, Manoogian was 19 when he arrived in the United States fleeing the Armenian genocide in the wake of the collapse of the Ottoman Empire. Arriving in Bridgeport, Connecticut, in 1920, he began working as a machinist. He also worked for short periods in Rhode Island and in Massachusetts. In time he was joined by his parents, two brothers and two sisters.

Manoogian moved to Detroit in 1924. Initially gaining experience in the auto industry, in 1929 he set off on his own, founding the Masco Screw Company, later known as Masco Corporation. By 1936 -- in the midst of the Great Depression -- Manoogian had grown Masco to the point that it was listed on the NYSE. Manoogian's greatest business achievement may have been his redesign of the Delta faucet, which resulted in enormous sales for the plumbing fixture.

Manoogian contributed generously to charitable organizations and educational institutions, especially to the Armenian General Benevolent Union (AGBU), of which organization he was voted Honorary Life President in 1989. Manoogian was also active in the Knights of Vartan and in 1940 he was elected its Avak Sparapet (National Commander). In 1966 Manoogian donated his mansion to the city of Detroit. It is today the mayoral residence for Detroit.

In 1968 he was responsible for the establishment of the AGBU Alex and Marie Manoogian Cultural Fund. The fund, seeded with a $1 million is devoted to the publication and translation of Armenian scholarly and literary works, and Armenian cultural worldwide.

The Manoogians have also funded (through the AGBU) schools for Armenians in the Diaspora bearing the Manoogian name in Southfield, Michigan; Los Angeles, California; Buenos Aires, Argentina; Beirut, Lebanon; Zahle, Lebanon; Egypt; Tehran, Iran; Montreal, Quebec; Toronto, Ontario; and Montevideo, Uruguay. Manoogian also funded numerous churches, cultural centers, university chairs for Armenian studies and museums worldwide. He also donated to Wayne State University in Detroit quite generously, and Manoogian Hall, Wayne State's center for international language and linguistics, is named after him.

There is an Alex Manoogian Street named after him in Yerevan, the capital of Armenia, in Montreal, Canada, and another in Stepanakert, the capital of the Republic of Nagorno-Karabakh.

His daughter, Louise Manoogian Simone, succeeded him as President of AGBU. His son, Richard Manoogian, is CEO of Masco and a major collector of American art.

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Harvest Partners

Harvest Partners is a private equity firm focused on leveraged buyout and growth capital investments in middle market industrial, business services, consumer and retail companies.

The firm, which was founded in 1981 by Harvey Mallement and Harvey Wertheim, is based in New York City. Prior to co-founding Harvest, Mallement was managing partner of Masco Associates, making private equity investments on behalf of Masco Corporation and Wertheim managed venture capital and private equity investment activities at Research and Science Investors, a venture capital and investment management firm.

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Richard Manoogian

Richard A. Manoogian (born 1936, in Detroit, Michigan) is an American businessman.

He is the son of Alex Manoogian (the founder of the Masco Corporation).

He is married with three children.

Manoogian received a B.A. from Yale University in 1960.

Masco Corporation, 1968–1985, president and chief operating officer; 1985–, chairman and chief executive officer.

Richard Manoogian joined Masco Corporation in 1958. He was elected chairman and chief executive director in 1964 and took over leadership of the company in 1968 when he was named president and chief executive officer.

He became chairman in 1985. Originally known as the Masco Screw Products Company, Masco had been founded by Richard's father, Alex Manoogian, eight days before the U.S. stock market crash of 1929. The primary business was manufacturing machined automotive parts. The company later expanded operations into the building and home improvement industries. In the 1950s Masco revolutionized the faucet industry by perfecting the design of the single-lever hot and cold faucet. The Delta faucet was one of the first one-handled faucets on the market and quickly became the best-selling faucet brand in the United States. The success was due in part to Masco's innovation in marketing and product distribution. The company was the first to market faucets (taps) directly to mass market consumers via television advertisements. The result was a shift in distribution from plumbing wholesalers to retail outlets.

Masco manufactured a variety of consumer products that included Merillat cabinetry, Delta and Peerless faucets, Behr paints and stains, Weiser locks, Thermador appliances, and Baldwin brass. The company's manufacturing facilities were located throughout the United States and Europe. The international operations were located primarily in Belgium, Denmark, Germany, Holland, Italy, Spain, and the United Kingdom. The company's common stock was offered for public trade in 1936.

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Source : Wikipedia