PANEXPAN (Polyacrylonitrile) Textile (Zoltek)
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The new company, which will be called Newell Rubbermaid Inc., will have annual sales of more than $6 billion and will boast a product lineup that includes such leading brands as the extensive Rubbermaid lines; Anchor Hocking glassware; Calphalon cookware; Intercraft, Decorel and Holson Burnes picture frames; Goody hair accessories; Century and Graco infant furnishings; and Mirro, WearEver and Panex housewares.
Total first-half sales included an aggregate $66.6 million, or 47.2 million euros, in contributions from recently acquired cookware companies All-Clad, Lagostina and Panex.
This year, the company acquired Panex, a Brazilian cookware manufacturer and Lagostina, the Italian producer of stainless-steel cookware.
Most recently, Groupe SEB signed the final agreement to acquire Panex, a Brazilian cookware manufacturer.
Jeff Cooley, group president of the Calphalon/Wearever Group, will serve as president of Mirro while maintaining overall responsibility for the group, which also includes Panex SA, Anchor Hocking Glass and Newell Cookware Europe.
Its housewares business segments include Mirro, Wearever, Panex and Calphalon cookware; Lee Rowan home storage; Anchor Hocking glassware; and Goody hair accessories.
The increase in the quarter was attributable to the 1998 acquisitions of Swish and Brazilian cookware company Panex. Internal growth of 3 percent was fueled by strong performances of home furnishings, hardware and office products.
"We've had some big housewares news within Newell, with the company's acquisition of Calphalon cookware, Panex Brazilian Cookware company and of course the impending addition of Rubbermaid.
Newell recently completed its acquisition of Panex S.A.
has agreed to acquire the Brazilian cookware manufacturer Panex S.A.
Debuting at the housewares show will be the Panex Corp.