Plumbing and hardware product manufacturers Component Hardware GroupandJHL Enterprisessigned a merger agreement March 2 that will integrate JHL into Component Hardware.Harry Franzeremains company president and CEO, whileJ. Howard Levine, CEO of JHL, will stay with the company in a consultant role.
“From the start of our discussions it became apparent that merging our companies will provide the platform for JHL to continue its growth trend while providing Component Hardware with access to new markets,” Franze said.
The company will be based in Lakewood, N.J., and will have a warehouse in Rancho Cucamonga, Calif. In the short term, the company said its main goal will be to unify its product lines and services. Component Hardware will service all JHL’s existing customers and support its commitments.
“The merger with JHL further strengthens our leadership position in the food service, hardware and plumbing markets,” saidEd Whartnaby, executive vice president of sales and marketing for Component Hardware. “We will be able to provide our customers with a broader product line at a range of price points, while still offering the same high-quality customer service that they have come to expect.”