NewCap Partners is pleased to announce its role as the exclusive financial advisor to Stuhlbarg International Sales Company Inc. (SISCO) in its sale to BRK Brands a subsidiary of Jarden Corporation (NYSE: JAH).
BRK BRANDS AND FIRST ALERT ADD FIREPROOF AND WATERPROOF SAFES
TO HOME SECURITY PRODUCT LINES WITH ACQUISTION OF SISCO
Will Market as First Alert® Brand Safes
Aurora, Ill. June 9, 2009 BRK Brands, Inc., manufacturer of First Alert® branded home-safety products, has announced and completed the acquisition of Stuhlbarg International Sales Company, Inc. (SISCO), a market leader in fireproof and waterproof safes for homes and offices. The purchase also includes SISCOs line of office shredders. Terms of the agreement were not disclosed.
The product line includes steel and resin safes including combination dial, digital and biometric locks; waterproof cabinet-style safes; large capacity safes designed to protect long guns; fire and water protection chests; steel cash and security boxes; and shredders.
I am excited to have the SISCO portfolio of products become part of First Alert, said Tom Russo, President of BRK Brands, Inc. and First Alert, Inc. With our already broad array of high quality safety and security products, the addition of the SISCO product lines gives First Alert® an even more meaningful product offering to service the needs of our retail partners and their consumers. We will be immediately offering retailers the opportunity to extend their relationship with First Alert as we offer these new product lines, which will be sold under the First Alert® brand. The new products being offered perfectly complement our extensive lines of safety products that include smoke alarms, carbon monoxide alarms, fire extinguishers, escape ladders and home radon, mold, lead and drinking water test kits.
SISCO has long been recognized for its numerous product innovations and performance advantages. The company was first to bring such features as biometric locks, waterproof molded safes and emergency access keys to the category. Other customer advantages include five-year product warranties, hidden hinges for additional theft protection and an integrated fire-resistant and waterproof bolt-down system.
Mort Stuhlbarg, with over 30 years in the industry, will remain with the company as the Founding Chairman to support the strategic growth of the business and the development of new and innovative related products.
Stuhlbarg said, We are extremely proud of what we have all achieved in growing SISCO over many years, due to the hard work and dedication of all of our staff. We are excited to enter a new chapter in our companys history and we will only benefit from the ability to tap into a best-in-class partner with strong operating capabilities, brand strengths and a similar commitment to quality and innovation. We look forward to joining the First Alert® and BRK® family of high quality products.
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For 50 years, BRK Brands, Inc. has been the manufacturer of First Alert® branded home-safety products, the most trusted and recognized safety brand in America. BRK® Brands designs and develops innovative safety solutions including Tundra® Fire Extinguishing Spray, ONELINK® wireless alarms and a comprehensive line of smoke alarms, carbon monoxide alarms, fire extinguishers and escape ladders to protect what matters most. Such products are also marketed under the BRK Electronics® brand, The Professional Standard for the builder and contractor audiences. BRK Brands, Inc. products are found in more than 30 countries worldwide. For more information, visit http://www.firstalert.com or http://www.brkelectronics.com.
©2009 BRK Brands, Inc., Aurora, IL 60504. All rights reserved.
First Alert® is a registered trademark of The First Alert Trust, Aurora, IL 60504.
BRK Electronics® is a registered trademark of BRK Brands, Inc., Aurora, IL 60504.