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Masco Corporation is an American manufacturer of products for the home improvement and new home construction markets. Comprising more than 20 companies, the Masco conglomerate operates nearly 60 manufacturing facilities in the United States and over 20 in other parts of the world. Since 1969 it trades on the NYSE. Under the leadership of Richard Manoogian, the company grew exponentially and subsequently joined the Fortune 500 list of largest U.S. corporations. As of 2007, Masco employed approximately 32,500 employees and has approximately 6,000 shareholders. The company is currently ranked at 373 on the Fortune 500. As of December 31, 2007, Masco had a little over ten billion dollars in assets, and the company's total revenue was $11.77 billion. Total sales for the company in 2009 were 7.8 billion.Google Finance
October 27, 2008. Retrieved ...
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Heartland Industrial Partners
Heartland Industrial Partners is a private equity firm focused on industry consolidation and growth capital investments in middle-market industrial companies. The firm, which is based in Stamford, Connecticut, was founded in 1999 and is no longer actively investing. History The firm was founded in 1999 by former Reagan budget director David Stockman, Timothy Leuliette and Daniel Tredwell "Collins & Aikman seeks to emerge from bankruptcy," ''Bloomberg News'' article by Jeff Bennett, appearing in '' The Advocate'' of Stamford and (identical version, perhaps with changes by the local editor in the common business section for both papers) in the '' Greenwich Time'' on September 5, 2006, page A7, '' The Advocate'' In 2001, the firm completed fundraising for its first and only private equity fund with approximately $1.4 billion of investor commitments. Collins & Aikman In 2005, it was reported that Stockman handed control of the fund, Heartland Industrial Partners, over to his par ...
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Masco Headquarters Taylor Michigan
Masco Corporation is an American manufacturer of products for the home improvement and new home construction markets. Comprising more than 20 companies, the Masco conglomerate operates nearly 60 manufacturing facilities in the United States and over 20 in other parts of the world. Since 1969 it trades on the NYSE. Under the leadership of Richard Manoogian, the company grew exponentially and subsequently joined the Fortune 500 list of largest U.S. corporations. As of 2007, Masco employed approximately 32,500 employees and has approximately 6,000 shareholders. The company is currently ranked at 373 on the Fortune 500. As of December 31, 2007, Masco had a little over ten billion dollars in assets, and the company's total revenue was $11.77 billion. Total sales for the company in 2009 were 7.8 billion.Google Finance
October 27, 2008. Retrieved ...
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Detroit Stock Exchange
Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at the 2020 census, making it the 27th-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area, and the 14th-largest in the United States. Regarded as a major cultural center, Detroit is known for its contributions to music, art, architecture and design, in addition to its historical automotive background. ''Time'' named Detroit as one of the fifty World's Greatest Places of 2022 to explore. Detroit is a major port on the Detroit River, one of the four major straits that connect the Great Lakes system to the Saint Lawrence Seaway. The City of Detroit anchors the second-largest regional economy in the M ...
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Hand Tool
A hand tool is any tool that is powered by hand rather than a motor. Categories of hand tools include wrenches, pliers, cutters, files, striking tools, struck or hammered tools, screwdrivers, vises, clamps, snips, hacksaws, drills, and knives. Outdoor tools such as garden forks, pruning shears, and rakes are additional forms of hand tools. Portable power tools are not hand tools. History Hand tools have been used by humans since the Stone Age when stones were used for hammering and cutting. During the Bronze Age tools were made by casting the copper and tin alloys. Bronze tools were sharper and harder than those made of stone. During the Iron Age iron replaced bronze, and tools became even stronger and more durable. The Romans developed tools during this period which are similar to those being produced today. In the period since the industrial revolution, the manufacture of tools has transitioned from being craftsman made to being factory produced. A large collection of ...
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Arrow Fastener
Morris Abrams (1908–1981) was the founder of Arrow Fastener Co., Inc., a manufacturer of fastening tools that since 1999 has been a subsidiary of Masco Corporation. History Abrams was the first generation of his family to be born in the United States. In 1929, Morris Abrams founded Arrow. At first, he sold staples for staplers currently on the market, but by 1940 he had received his first stapler patent, and by 1943, was assigning his patents to Arrow Fastener, a process he continued into the 1950s as he patented the hammer tacker and the staple gun. One model of his staple gun, the T50, was introduced in the early 1950s, became a registered trademark of the company in 1989, and by 1994, had resulted in over 40 million sales. It continues to be in production into the 21st century. In the 1960s, after Morris Abrams became ill, his son Allan Abrams took over the family business which continued to grow and now also includes glue guns, rivet tools, and brad nailers. Morris ...
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Architectural Coatings
Architectural coatings or paints are paints and other coatings used to paint the exteriors and interiors of buildings, often calleexterior wall coatingsor external masonry coatings. Clear varnishes and lacquers are generally excluded. Such products are usually designated for specific purposes such as roof coatings, wall paints, or deck finishes. Coatings are eco-friendly building material that increases the efficiency of energy used and reduces impact on human well-being and the environment. The coatings are typically applied with brushes, rollers or sprayers. Wall coatings are generally not suitable for amateur or DIY application as the installation of a wall coating typically requires not only training and skill, but specialist equipment such as a paint spraying machine. Most masonry surfaces can be treated an exterior wall coating, such as render, pebbledash, stone, stucco or brick. Most coatings are designed to be microporous in nature, allowing captive moisture within the w ...
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Stock Split
A stock split or stock divide increases the number of shares in a company. For example, after a 2-for-1 split, each investor will own double the number of shares, and each share will be worth half as much. A stock split causes a decrease of market price of individual shares, but does not change the total market capitalization of the company: stock dilution does not occur. A company may split its stock when the market price per share is so high that it becomes unwieldy when traded. One of the reasons is that a very high share price may deter small investors from buying the shares. Stock splits are usually initiated after a large run up in share price. Effects The main effect of stock splits is an increase in the liquidity of a stock: there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume. Berkshire Hathawa ...
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Lexington, North Carolina
Lexington is the county seat of Davidson County, North Carolina, United States. As of the 2010 census, the city had a population of 18,931. It is located in central North Carolina, south of Winston-Salem. Major highways include I-85, I-85B, U.S. Route 29, U.S. Route 70, U.S. Route 52 / I-285 and U.S. Route 64. Lexington is part of the Piedmont Triad region of the state. Lexington has been noted as one of America's top four best cities for barbecue by '' U.S. News & World Report''. The City calls itself the "Barbecue Capital of the World". Lexington, Thomasville, and the rural areas surrounding them are slowly developing as residential bedroom communities for nearby cities such as Winston-Salem, Greensboro, High Point and, to a lesser extent, Charlotte and its northeastern suburbs. History The Lexington area was at least sparsely settled by Europeans in 1775. The settlers named their community in honor of Lexington, Massachusetts, the site of the first skirmish of the A ...
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Do It Yourself
"Do it yourself" ("DIY") is the method of building, modifying, or repairing things by oneself without the direct aid of professionals or certified experts. Academic research has described DIY as behaviors where "individuals use raw and semi-raw materials and parts to produce, transform, or reconstruct material possessions, including those drawn from the natural environment (e.g., landscaping)". DIY behavior can be triggered by various motivations previously categorized as marketplace motivations (economic benefits, lack of product availability, lack of product quality, need for customization), and identity enhancement (craftsmanship, empowerment, community seeking, uniqueness). The term "do-it-yourself" has been associated with consumers since at least 1912 primarily in the domain of home improvement and maintenance activities. The phrase "do it yourself" had come into common usage (in standard English) by the 1950s, in reference to the emergence of a trend of people undert ...
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Cabinet (furniture)
A cabinet is a case or cupboard with shelves and/or drawers for storing or displaying items. Some cabinets are stand alone while others are built in to a wall or are attached to it like a medicine cabinet. Cabinets are typically made of wood (solid or with veneers or artificial surfaces), coated steel (common for medicine cabinets), or synthetic materials. Commercial grade cabinets usually have a melamine-particleboard substrate and are covered in a high pressure decorative laminate, commonly referred to as Wilsonart or Formica. Cabinets sometimes have one or more doors on the front, which are mounted with door hardware, and occasionally a lock. Cabinets may have one or more doors, drawers, and/or shelves. Short cabinets often have a finished surface on top that can be used for display, or as a working surface, such as the countertops found in kitchens. A cabinet intended to be used in a bedroom and with several drawers typically placed one above another in one or more column ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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Chief Operating Officer
A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if the highest-ranking executive is the chairperson and CEO. The COO is responsible for the daily operation of the company and its office building and routinely reports to the highest-ranking executive—usually the chief executive officer (CEO). Responsibilities and similar titles Unlike other C-suite positions, which tend to be defined according to commonly designated responsibilities across most companies, a COO's job tends to be defined in relation to the specific CEO with whom they work, given the close working relationship of these two individuals. The selection of a COO is similar in many ways to the selection of a vice president or chief of staff of the United States: power and responsibility structures vary in government and priva ...
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