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In 1996, Masco sold most of its Home Furnishings Division to investors for $1.1 billion, creating a new company called LifeStyle Furnishings International. [11] In 1999, Masco involved itself in the architectural coatings business by purchasing Behr, [12] and the company's annual sales topped five billion dollars for the first time.
The number of employees at the new site would increase from about 75 to about 225. At the same time, the company was changing from a holding company to an operating company; certain departments would move from the company's divisions to headquarters, but any job related to a specific brand would remain at the appropriate division. State and ...
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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 ...
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.
Griffin leads Illinois as the wealthiest individual in the state with a net worth of $27.2 billion. He’s the founder, CEO and co-chief investment officer for the hedge fund Citadel.
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The Government of Illinois, under the State of Illinois Constitution, has three branches of government: Executive, Legislative, and Judicial. The State's executive branch is split into several statewide elected offices, with the Governor as chief executive and head of state, and has numerous departments, agencies, boards and commissions.
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