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Masco Buys Franklin Brass Manufacturing

March 07, 1997|Times Staff and Wire Reports

Masco Corp. said it has acquired Franklin Brass Manufacturing Co., a Rancho Dominguez-based maker of bath accessories and bath safety products. Terms were not disclosed. Franklin Brass, which has annual sales of about $45 million, will operate as a wholly owned subsidiary of Masco. Its top management team will remain in place. Taylor, Mich.-based Masco makes home improvement and building products and is best known for its Delta and Peerless faucets and Merillat cabinetry. Masco's stock gained 50 cents to close at $36 on NYSE.

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