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Article: ROOM TO GROW? WILL A NUMBER OF ACQUISITIONS AND OTHER ECONOMIC FACTORS CAUSE THE CATEGORY TO STAGNATE?(Salton Inc. acqusitions)(Applica Inc. acquisitions)
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- October 17, 2005
- Author:
CopyrightCOPYRIGHT 2005 MacFadden Communications Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jennifer White
NEW YORK-What's next for small appliance makers? Will their ranks continue to decrease?
So far this year, the pace of consolidation has been ramped up single-handedly by Jarden Corp., which finalized acquisitions of American Household and The Holmes Group in 2005. But will Jarden or difficult economic conditions winnow the rest of the field?
Likely acquisition targets include Salton Inc. and Applica Inc., which have endured difficult years. In reporting its fourth-quarter and fiscal-year 2005 earnings, Salton executives said, "Margins continue to be affected by the high cost of steel, corrugated and oil-based raw ...