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Price Pfister

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CALIFORNIA | LOCAL
April 22, 2010 | By Dennis McLellan, Los Angeles Times
Peter S. Gold, former president and chief executive officer of Price-Pfister Inc., one of the nation's largest plumbing fixture manufacturers, has died. He was 85. Gold died Saturday after a long illness at his home in Westwood, said his daughter-in-law, Vicki Gold. A former shower door salesman, Gold began working as a salesman at Price-Pfister in 1956 and rose through the ranks to become president in 1973. Gold, along with Sydney Irmas and David P. Rousso, purchased the company in 1983 from an investment banking firm that had bought Norris Industries of Long Beach, Price-Pfister's parent company.
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CALIFORNIA | LOCAL
April 22, 2010 | By Dennis McLellan, Los Angeles Times
Peter S. Gold, former president and chief executive officer of Price-Pfister Inc., one of the nation's largest plumbing fixture manufacturers, has died. He was 85. Gold died Saturday after a long illness at his home in Westwood, said his daughter-in-law, Vicki Gold. A former shower door salesman, Gold began working as a salesman at Price-Pfister in 1956 and rose through the ranks to become president in 1973. Gold, along with Sydney Irmas and David P. Rousso, purchased the company in 1983 from an investment banking firm that had bought Norris Industries of Long Beach, Price-Pfister's parent company.
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BUSINESS
April 12, 1988
Price Pfister signed a definitive agreement to be acquired by Emhart Corp. for $18.50 a share, or $215 million. Price Pfister, a Pacoima-based maker of brass faucets and other plumbing fixtures, had announced two weeks ago that it was negotiating a merger with Emhart on those terms. Emhart, based in Farmington, Conn., has interests in industrial products, consumer goods and computer services.
BUSINESS
November 3, 2000 | ROBERTO J. MANZANO, TIMES STAFF WRITER
Faucet maker Price Pfister plans to close its corporate office in Pacoima, transferring about 60 workers to Lake Forest. The administrative and corporate employees will be moving to a new Lake Forest office as part of a reorganization within Black & Decker Corp.'s hardware and home improvement group. Price Pfister is a Black & Decker unit. About 60 other Pacoima workers will lose their jobs when the changes take effect in December.
BUSINESS
August 11, 1987
Price Pfister, a major producer of brass faucets and other home plumbing fixtures, sold its first stock to the public with an offering of 2 million shares, or 18% of its common stock outstanding. The stock, priced at $15 a share, included 1 million shares sold by the company and 1 million sold by Price Pfister executives and other insiders, who own the remaining 82% of the Pacoima company's stock. Net proceeds to the company, after deducting underwriting commissions, totaled $14 million.
CALIFORNIA | LOCAL
November 2, 1996 | BARRY STAVRO
Employees at the embattled Price Pfister plant filed a complaint Friday with the National Labor Relations Board alleging that the company threatened workers who protest against layoffs at the faucet manufacturing firm. Peter Olney, a labor activist, said a Price Pfister executive held a meeting last week with employees and complained about public protests being held by the workers.
BUSINESS
May 5, 1987 | ALAN GOLDSTEIN, Times Staff Writer
Privately held Price Pfister, the nation's third-biggest maker of faucets, said it will offer 18% of its shares of common stock, worth about $30 million, to the public. The Pacoima-based company said it will file a registration statement with the Securities and Exchange Commission by the end of the month. Citing "quiet-period" rules, Price Pfister would not reveal the name of the offering's underwriter. Peter S.
BUSINESS
November 10, 1987
Price Pfister reported a loss of $13.6 million, or $1.26 a share, for the third quarter ended Sept. 30, contrasted with a profit of $1.6 million, or 16 cents a share, a year earlier. Revenue, however, climbed 20% to $29.9 million for the quarter, contrasted with $24.9 million in the comparable period last year. The Pacoima company, one of the country's largest faucet makers, blamed its loss on a one-time bonus of $15.4 million paid to seven of the company's top executives.
BUSINESS
March 30, 1988 | JAMES F. PELTZ, Times Staff Writer
Price Pfister Inc., a maker of brass faucets and other plumbing fixtures, is negotiating to be acquired by Emhart Corp. in a deal that would shower $140 million on the Pacoima-based company's three main stockholders. Emhart, with interests in industrial products, consumer goods and computer services, said it is prepared to pay $18.50 for each of Price Pfister's 11.4 million common shares outstanding, or $211 million, and that its total investment would reach $215 million.
CALIFORNIA | LOCAL
October 20, 1996
I see that California is losing another manufacturing facility, Price Pfister ("Pacoima May Lose Fixture as Factory Shifts Jobs South," Oct. 1). We have now lost Lockheed, Hughes Helicopter, a major portion of Douglas and many peripheral companies. These are major job producers. What did the Republican governor do to try to hold these companies here? These guys are supposed to be his buddies. Were any concessions offered to these companies to stay? Were any discussions even held? Is anyone aware that when Price Pfister moves to Mexico it will further increase the debit in our import/export balance.
CALIFORNIA | LOCAL
November 3, 2000 | ROBERTO J. MANZANO, TIMES STAFF WRITER
Faucet maker Price Pfister plans to close its corporate office in Pacoima as part of a reorganization, officials said Thursday, which will result in a loss of about 120 local jobs. Administrative services will be transferred to a new corporate center for Black & Decker Corp., the parent company of Price Pfister, in the south Orange County community of Lake Forest.
CALIFORNIA | LOCAL
August 15, 2000 | MARTHA L. WILLMAN
More than 400 employees at the Price Pfister manufacturing plant in Pacoima were evacuated Monday after a dozen workers complained of feeling ill following the release of hydrogen sulfide gas, fire officials said. Three workers were taken to local hospitals for a check of possible minor respiratory problems, said Bob Collis of the Los Angeles Fire Department.
BUSINESS
May 20, 1997 | JULIA SCHEERES, SPECIAL TO THE TIMES
After nine years spent on an assembly line piecing together faucets for Price Pfister, Celia Magallon, 50, was laid off when her job was transferred to Mexico. Now she spends her evenings learning how to assemble balanced menus, chicken cordon bleu and julienned zucchini, hoping that her new skills will lead to a stable job. She and seven other former line workers from the Pacoima-based company are enrolled in a Cuisine Arts class at Mission College, part of a federal program for U.S.
CALIFORNIA | LOCAL
April 7, 1997 | ANGIE CHUANG, TIMES STAFF WRITER
More than 1,500 people gathered in Mission Hills on Sunday to commemorate the late labor leader Cesar Chavez's birthday with equal amounts of pageantry and social activism. Led by a flourish of feathered headdresses adorning the heads of Aztec dancers and ending with the angry chants of strikers against the Price Pfister Co., the fourth annual Cesar Chavez Peregrinacion and Cultural Arts Festival followed a two-mile route along Brand Boulevard from Brand Park to San Fernando Recreation Park.
CALIFORNIA | LOCAL
April 4, 1997 | DADE HAYES
Laid-off Price Pfister Co. workers announced plans Thursday to launch a nationwide boycott of the prominent faucet maker's products and those of its parent company, Black & Decker. The workers, renewing charges of inadequate severance pay, gathered at a dilapidated North Hollywood strip mall to map out boycott strategy and promote a protest march scheduled for Sunday at the Pacoima plant.
CALIFORNIA | LOCAL
March 24, 1997 | GREG SANDOVAL
Carrying palm leaves and picket signs, about 300 protesters met outside the Price Pfister Co. plant in Pacoima on Palm Sunday to show support for workers who were recently laid off by the prominent faucet maker. The protesters claimed the company refused to offer adequate compensation to the employees who lost their jobs when the company transferred some of its local manufacturing operations to Mexico.
NEWS
October 9, 1996 | HUGO MARTIN, TIMES STAFF WRITER
Los Angeles city leaders are offering loans, tax incentives and possibly even a break on utility rates to try to head off a threatened move from Pacoima by the Price Pfister factory, officials said Tuesday. "We are doing a full-court press on this," said Rocky Delgadillo, assistant deputy mayor for economic development. Price Pfister--the nation's third-biggest faucet company--is closing part of its Pacoima manufacturing operation and laying off about 500 workers.
CALIFORNIA | LOCAL
March 24, 1997 | GREG SANDOVAL
Carrying palm leaves and picket signs, about 300 protesters met outside the Price Pfister Co. plant in Pacoima on Palm Sunday to show support for workers who were recently laid off by the prominent faucet maker. The protesters claimed the company refused to offer adequate compensation to the employees who lost their jobs when the company transferred some of its local manufacturing operations to Mexico.
BUSINESS
February 25, 1997 | BARRY STAVRO, TIMES STAFF WRITER
Price Pfister has turned down an offer from a local businessman to buy the shuttered foundry at its Pacoima plant, calling the offer inadequate. In a related development, hourly workers at the troubled faucet plant have rejected a Price Pfister severance package that would have paid its most veteran workers up to 13 weeks, plus medical benefits, when laid off. It also would have included Teamsters union workers laid off since last year.
NEWS
February 1, 1997 | MARTHA L. WILLMAN, TIMES STAFF WRITER
Just as Price Pfister shut down its faucet manufacturing foundry Friday, a Los Angeles businessman offered to purchase the facility and possibly rehire scores of workers who have been laid off over the past year. The proposal was made by Lewis Williams, chief operating officer of ArcWil Financial Holdings of Los Angeles.
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