News Releases
 Bradford White Purchases LAARS Heating Systems
Ambler, PA, June 7, 2005 – As part of a strategic plan that includes diversification within the industry, Bradford White Corporation announced today the signing of an agreement to purchase the Laars® Heating Systems business from Water Pik Technologies, Inc. Closing is scheduled for June 30, 2005.
"The acquisition is one in a series of focused moves we have made in recent years to continue growth and expand our appeal to the plumbing and HVAC industry," said A. Robert Carnevale President and Chief Executive Officer of Bradford White Corporation. He added that Laars® Heating Systems Company will become a wholly-owned subsidiary of Bradford White.
The acquisition includes a manufacturing facility in Rochester, New Hampshire and a distribution center in Oakville, Ontario Canada. Bradford White will also open a new Laars® Heating Systems sales office and distribution center in the Simi Valley area of California.
In recent years, Bradford White added two companies that brought new technologies and new offerings to their expanding product line-Niles Steel Tank Co. (manufacturer of large storage vessels) of Niles, Michigan and Aero Environmental, Ltd (manufacturer of oilpowered water heaters and power burners) of Mississauga, ON, Canada. "Both have become important success stories for Bradford White and have benefited as a result of joining the Bradford White family," Carnevale said. "Each has added employees and increased their manufacturing capabilities significantly." In the case of Niles Steel Tank, a new, much larger facility was purchased for the current operation and to ensure space for future expansion.
Bradford White Corporation is a full line manufacturer of residential, commercial and industrial products for water heating, space heating, combination heating and storage applications. The Company is headquartered in Ambler, PA and has manufacturing facilities in Middleville, MI, Niles, MI and Mississauga, ON Canada.
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