March 21, 2008 - Sale of Elkay Canada Ltd. Completed
Elkay Plumbing Products Division (PPD) announced that the company has completed the sale of its Elkay Canada Ltd. operations to Novanni Stainless Inc. Novanni Stainless Inc. is a newly formed company owned by Oakville Stamping and Bending Ltd. (OS&B), founded in 1975, and Supreme Metal Products Inc., founded in 1985. OS&B, a privately held company, is a Canadian manufacturer of overflows, traps, lavatory drains, tubular brass fittings and flexible supply hoses. Supreme Metal Products Inc., also a privately held company, is a Canadian manufacturer of sink strainers.
Novanni Stainless Inc. will continue to serve Elkay Canada Ltd.’s Canadian customers by manufacturing Wessan, AMI and other Elkay branded products in the Coldwater, Ontario, facility and distributing Elkay branded products throughout Canada as Elkay's exclusive distributor. “We clearly see this move as the best strategy for Elkay to continue to grow in the Canadian marketplace. This sale enables Elkay to continue to distribute high-quality products to our Canadian customers,” notes Elkay Plumbing Products Division (PPD) President Steve Rogers.
“We are also pleased that Novanni Stainless Inc. shares one of Elkay’s core values - employees are a company’s most important asset. We are thrilled we were able to ensure the jobs of our Canadian employees,” Rogers adds.