Peerless® Expands its Popular Precept® Kitchen and Bath Collections
Kitchen and bath expansion brings minimalistic additions for the ongoing increase of DIY home projects
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INDIANAPOLIS, Feb. 9, 2021 /PRNewswire/ To meet the ever-changing needs and desires of homeowners, the Peerless® brand is expanding the stylish and affordable Precept® Kitchen and Bath Collections, creating a modern space that is minimal, neat and easy to clean.
A recent Bank of America Poll found that 70% of Americans surveyed have decided to tackle home improvement projects during the Coronavirus pandemic, with more planned for 2021. Consumers are spending more time at home, which has led to more do-it-yourself, small projects that increase the quality and comfort of everyday life, said Jamie Stuber, senior product manager, Peerless. By expanding the Precept Kitchen and Bath Collections, our hope is to provide solutions that make simple chan
Masco Agrees To Acquire Assets Of Kraus; Terms Not Disclosed
WASHINGTON (dpa-AFX) - Delta Faucet Co., a division of Masco Corp. (MAS), announced Tuesday that it signed a definitive agreement for Masco Corp. to acquire the assets of Kraus, an online plumbing fixture company focused on delivering modern, high-quality sinks, faucets, and related products. The terms of the transaction were not disclosed.
The transaction is expected to close no later than the first quarter of 2021, subject to customary closing conditions and regulatory review. Kraus will operate as an affiliate of Delta Faucet Company.
Port Washington, New York-based Kraus was founded in 2007 and employs approximately 100 people worldwide. Pending the closing of this transaction, the Kraus leadership team will report to Jill Ehnes, Vice President, eCommerce, Delta Faucet Company.
Delta Faucet Company Announces Signing of Definitive Agreement to Acquire Kraus elkharttruth.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elkharttruth.com Daily Mail and Mail on Sunday newspapers.
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The global faucet market grew at a CAGR of around 7% during 2014-2019. A faucet refers to a plumbing fixture used for regulating the flow of a liquid or gas from a reservoir. It is usually manufactured using brass, steel, die-cast zinc and chrome-plated plastic and consists of a handle, cartridge, spout, mixing chamber, aerator and an inlet source. Some of the most commonly used faucets include pull-down, pull-out, hands-free, bar, pot and side spray faucets. Apart from these, single and dual control cartridge faucets are also used for residential applications. Single control variants consist of a metal or plastic core that operates vertically, and the dual control variants operate through a metal ball with spring-loaded rubber seals fitted into the body. These faucets are available in a wide range of colors, styles and finishing that can be customized according to the user requirements.