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Masco Corporation is an American manufacturer of products for the home improvement and new home construction markets. Comprising more than 20 companies, the Masco conglomerate operates nearly 60 manufacturing facilities in the United States and over 20 in other parts of the world. Since 1969 it trades on the NYSE. [3]
Late in 2001, Masco announced Furniture Brands International would buy Henredon, Drexel Heritage and Maitland-Smith for $275 million, in a deal expected to return Furniture Brands to the number one U.S. furniture manufacturer, a title lost to La-Z-Boy when that company bought LADD in 2000. [13]
In February 2010, the company announced a merger of the Adrian, Michigan-based Masco Builder Cabinet Group, and the Middlefield, Ohio-based Masco Retail Cabinet Group. The Retail Cabinet Group was most noted for producing the Kraftmaid, and Mills Pride cabinet brands. The new company that was formed has come to be known as Masco Cabinetry.
Delta Faucet Company is a division owned by Masco, which was founded in Detroit in 1929 by Armenian immigrant Alex Manoogian. In 1952, an eager inventor brought Manoogian his latest invention, a one-handled faucet that mixed both hot and cold water with a ball-valve. Unfortunately it leaked, but Manoogian was intrigued by the idea of utilizing ...
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The mansion was built in 1928 at the cost of $300,000 ($5.32 million in 2024).The original owner lost the home during the Great Depression and it sat vacant until Alex Manoogian, founder of the Masco company, purchased the home at an auction in 1939 for a mere $25,000 ($0.55 million in 2024).
By 1936, in the midst of the Great Depression, Manoogian had expanded Masco to the point that it was listed on the New York Stock Exchange . Manoogian's redesign and production of the Delta faucet , which allowed one-handed use, resulted in best-selling status for the plumbing fixture and generated substantial profits for his business.
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