Under the terms of the merger agreement, JHL will be fully integrated into Component Hardware Group.
Component Hardware Group and JHL Enterprises have signed a definitive agreement
merging the two leading manufacturers of plumbing and hardware products. JHL
will be fully integrated into Component Hardware Group with Harry
Franze retaining his position as president and CEO of the combined
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
The combined company will be headquartered in Lakewood,
N.J., and retain a warehouse in Rancho Cucamonga, Calif. 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.
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."
Component Hardware Group and JHL Enterprises announce merger
March 2, 2012