Applica Incorporated Extends Trademark License Agreement With The Black & Decker Corporation
04 Ottobre 2004 - 11:05PM
PR Newswire (US)
Applica Incorporated Extends Trademark License Agreement With The
Black & Decker Corporation MIRAMAR, Fla., Oct. 4
/PRNewswire-FirstCall/ -- Applica Incorporated (NYSE:APN) today
announced that it had extended its trademark license agreement with
The Black & Decker Corporation through December 2010. As part
of its acquisition of the Black & Decker Household Products
Group in June 1998, Applica licensed the Black & Decker(R)
brand in North America, Central America, South America (excluding
Brazil) and the Caribbean for specific household appliances. Under
the agreement as extended, Applica has agreed to continue to pay
The Black & Decker Corporation guaranteed minimum royalty
payments of $12.5 million in each year through 2010. The Black
& Decker Corporation had previously extended the license
through December 2006. "This second extension is another positive
step in our mutually rewarding alliance with The Black & Decker
Corporation," commented Harry D. Schulman, Applica's President and
Chief Executive Officer. Since the acquisition in 1998, we have
extended the brand to an additional 13 categories and we are
excited about our new product road and the categories slated to be
added in the future." Applica Incorporated and its subsidiaries are
marketers and distributors of a broad range of branded and
private-label small electric consumer goods. Applica markets and
distributes kitchen products, home products, pest control products,
pet care products and personal care products. Applica markets
products under licensed brand names, such as Black & Decker(R),
its own brand names, such as Windmere(R), LitterMaid(R) and
Applica(R), and other private- label brand names. Applica's
customers include mass merchandisers, specialty retailers and
appliance distributors primarily in North America, Latin America
and the Caribbean. The Company operates manufacturing facilities in
Mexico. Additional information regarding the Company is available
at http://www.applicainc.com/ . DATASOURCE: Applica Incorporated
CONTACT: Investor Relations Department of Applica Incorporated,
+1-954-883-1000, or Web site: http://www.applicainc.com/
Copyright
Grafico Azioni Apeiron Capital Investment (NYSE:APN)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Apeiron Capital Investment (NYSE:APN)
Storico
Da Lug 2023 a Lug 2024