Braun GmbH and Kaz, Inc. Announce Strategic Partnership.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Braun GmbH, part of Procter and Gamble, and Kaz, Inc., New York, have formed a strategic partnership under which Kaz has acquired Braun's thermometer thermometer, instrument for measuring temperature. Galileo and Sanctorius devised thermometers consisting essentially of a bulb with a tubular projection, the open end of which was immersed in a liquid. and blood pressure monitoring business. The partnership also includes a licensing agreement between the two companies, under which the products will be marketed by Kaz under the Braun name. The business comprises Thermoscan (the world's leading infrared thermometer Infrared thermometers measure temperature using blackbody radiation (generally infrared) emitted from objects. They are sometimes called laser thermometers if a laser is used to help aim the thermometer, or non-contact thermometers brand), digital thermometers and wrist blood pressure monitors and currently represents about 5% of Braun's global sales. On December 8, 2006 Kaz took over global responsibilities for these products. The agreement was a strategic decision by both companies to enable them to focus on their core businesses. "With this decision, Braun will be able to further build its leadership role, accelerate growth and focus on innovation in our core categories," says Bracken bracken or brake, common name for a tall fern (Pteridium aquilinum) with large triangular fronds, widespread throughout the world, often as a weed. Darrell, President Global Braun. "Kaz has successfully licensed P&G's Vicks brand since 1995, and therefore we see them as an ideal trustworthy partner for Braun." Commenting on the partnership, Richard Katzman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Kaz, said "adding Braun thermometers and blood pressure monitors as well as its strong brand equity to Kaz's health care portfolio will be a key driver to further grow our worldwide business. Kaz is especially excited about the growth opportunities this brings to our European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. business." Kaz is currently the US market leader in digital thermometers; with the addition of Braun Thermoscan it will become the worldwide thermometer leader. Braun and its vendors will continue manufacturing thermometers and blood pressure monitors for a significant period of time after the transaction. Following this transaction, there will be a transition period. Braun will provide support to Kaz to ensure business continuity and maintain customer service. Kaz has been manufacturing and selling high quality consumer devices for 80 years, employing more than 4,000 employees in 80 countries. Sales are in excess of $400m. Kaz is the global licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. of the Honeywell Brand from Honeywell International. For the past five years, Kaz has marketed a diverse line of Honeywell home environment products including air purifies, heaters, fans and humidifiers. Kaz's other major product lines include Vicks thermometers, vaporizers and humidifiers, Stinger insect control products and Softheat hot/cold therapy pads. Sawaya Segalas & Co., LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control served as financial advisor to Kaz, Inc. |
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