Day: December 22, 2021

Exertis Acquires Almo Corporation

Essie Kennedy Kitchen Improvement
Exertis Acquires Almo Corporation

Philadelphia – DCC Technology, a Dublin, Ireland-based technology distribution and services business that trades as Exertis, has acquired Almo Corporation in North America.

The move extends the company’s international scale in the Pro AV sector and ramps up its expansion in the North American market. The addition of Almo Corporation builds on other acquisitions in North America such as Stampede, Jam Industries, The Music People and JB&A. It expands Exertis’ Pro AV capability to form the largest specialist Pro AV business in North America.

Alongside its Pro AV business, Almo Corporation is the largest distributor of mainstream appliances, delivering a comprehensive portfolio of products including full kitchen packages with essential appliances to small and medium-sized retailers throughout the U.S. In addition, it is the leading distributor of premium appliances, serving retailers and builders designing luxury residential installations for refrigeration, ventilation and cooking in both indoor and outdoor settings. Almo’s business in consumer appliances and lifestyle products will add scale to Exertis North America’s business in the consumer channel.

Almo’s 75-year-old, third-generation, family-owned business brings 660 employees, nine distribution centers and more than 2.5 million square feet of warehousing space across North America. Almo Corporation will benefit from leveraging Exertis’ financial resources and supply-chain logistics, according to the company. The acquisition will provide Exertis North America with increased back-end economies of scale allied to the front-end specialization.

Almo will continue to be operated by the Chaiken Family, with Warren Chaiken as president and CEO and Gene Chaiken as Chairman. The combined Exertis and Almo Pro AV divisions will, in due course, be led by Sam Taylor, current exec. v.p. & COO of Almo Pro AV. Shortly after the completion of the integration, the combined business will be rebranded as Exertis Almo Pro AV.

John Dunne, a long-time senior executive with Exertis, currently leading the Exertis Pro AV team in North America, will join the Almo executive team and help lead the integration. The Premium Appliances and Mainstream Appliances divisions will continue to be led by Steve Terry and Jack Halperin, respectively.

Exertis’ expanded North American operation becomes a $2.4 billion business overseen by Martin Szpiro, managing director of Exertis North America. It forms part of the international expansion strategy of Exertis International, under Managing Director Clive Fitzharris.

Tim Griffin, DCC Technology & Exertis managing director said, “The acquisition of Almo Corporation is the largest in DCC’s history and signals our confident and ambitious intent to expand DCC Technology. By integrating Almo with our North American business, we will form the largest specialist Pro AV business in North America. Almo’s 75-year history of growth and success, combined with its longstanding relationships with industry partners and its ability to continually innovate and expand will be great assets to Exertis. In turn, we will bring significant economies of scale, global supply chain access and other benefits to the customers of Almo Corporation.”

Warren Chaiken, Almo Corporation president & CEO stated, “Having just completed a year-long celebration of 75 years of growth and business success, the time is right to give our manufacturer and channel partners a truly global distribution stage so they can operate their businesses at a greater capacity, leverage more buying power and the ability to compete for a more comprehensive position in the global supply chain. We are committed to growing with our partners by remaining their value-added distributor with larger scale and access to more products, more services and more financial support. For them, this transition will be seamless in that we will operate business as usual.”

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Did you miss our previous article…
https://www.thehouseofbledsoe.com/?p=749

Quartz Products Importers Reportedly Found Evading Tariffs

Essie Kennedy Kitchen Renovation
Quartz Products Importers Reportedly Found Evading Tariffs

MINNEAPOLIS — U.S. Customs and Border Protection has taken punitive action against several companies charged with violating U.S. trade laws by attempting to evade tariffs on quartz surface product imports from China, Cambria Company LLC announced last week.

The Le Sueur, MN-based manufacturer of quartz surface products said that Customs officials, taking action under The Enforce and Protect Act (EAPA), found that 15 U.S. importers were guilty of misclassifying, undervaluing and illegally transshipping Chinese quartz surface products through Malaysia in order to evade the payment of antidumping and countervailing (AD/CVD) duties. Days later, Customs cracked down on two additional importers for illegally misclassifying their imports of Chinese quartz surface products as “crushed glass” surfaces, said Cambria, which has charged numerous Chinese producers and exporters, several Malaysian companies involved in transshipping merchandise, and numerous importers with participating in the tariff-evasion efforts.

Customs will suspend the entries of quartz surface products by the importers subject to the agency’s investigation until it receives instructions from the U.S. Commerce Dept. as to the correct AD/CVD rates that should be applied to the entries, Cambria said. Duties will then be imposed.

“Customs should be commended for its efforts in digging into the facts of this evasion scheme to ensure that the U.S. importers that were involved are held accountable for their illegal activity,” said Luke Meisner of Schagrin Associates, Cambria’s legal counsel. “Enforcement action in this investigation targets an unprecedented large number of U.S. importers and should send a clear signal to the industry that evaders can and will be caught.”

“This illegal evasion of the antidumping and countervailing duties on quartz surface products will not be tolerated,” said Arik Tendler, chief sales officer for Cambria. “Customs’ aggressive actions are important because they hold these importers accountable for their illegal evasion, deter other importers from engaging in similar evasion tactics, and ensure that the domestic industry receives the relief to which it is entitled under the U.S. trade laws.”

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Did you miss our previous article…
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Showcasing the Shower

Essie Kennedy Kitchen Renovation
Showcasing the Shower

Showers have come a long way in design, from a basic area adorned with standard subway tile and heavy framed doors to an oasis adorned with spectacular tile and advanced shower systems showcased through stunning frameless glass surrounds. In keeping with this trend, many homeowners are removing seldom-used tubs to expand their showers, making them the focal point of the space.

While frameless shower doors remain the most popular versions, doors that feature etched designs, decorative borders and patterns are also garnering significant attention. Whether the design is contemporary or traditional, there is a shower enclosure to fit the space.

Below are some of the hottest trends in shower enclosures.

— Many clear shower enclosures are designed with minimal hardware for a streamlined look, creating a sense of openness in the bath.

— Frames, trims and handles are offered in a range of finishes, from the more standard chrome and polished nickel to the more current brushed brass and rose gold.

— As boomers adapt their homes to become safer and physically more accessible as they age, low-threshold and barrier-free showers are gaining in popularity, and easy-to-use and push-to-open shower doors are garnering more attention.

— Taller shower enclosures (at least 76”) are popular for their ability to take advantage of floor-to-ceiling tile designs.

–Matte black is featured in many gridscape and trim elements, coordinating with bath fittings in similar finishes.

–Frosted glass and distinctive patterns that blur the interior and deliver privacy to the bather are among the requests from today’s homeowners.

 

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Did you miss our previous article…
https://www.thehouseofbledsoe.com/?p=743