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Water Pik Completes Sale of Heating Business to Bradford White Jul 5, 2005 |
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Personal care appliance maker Water Pik Technologies, Inc. announced that it has completed the sale of its Laars(R) Heating Systems business to water heater manufacturer Bradford White Corporation for U.S. $24.3 million.
The sale includes a manufacturing facility in Rochester, NH, U.S. and a distribution center in Oakville, Ontario, Canada that produces and distributes a line of Laars branded boilers and water heaters for commercial and residential applications.
The sale is not expected to have a material impact on Water Pik's operating income for the remainder of fiscal-year 2005, other than the effect of recording the transaction.