PROFILE |
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Wassall is a holding company whose businesses make bottle closures, lighting products, and trailer axles. Its Thorn Lighting group manufactures lighting products in some 30 countries. The company's metal closures group produces bottle closures and similar products for the food and beverage industries. On a smaller scale, Wassall Asia Pacific makes trailer axles. Buyout specialist Kohlberg Kravis Roberts (KKR) has acquired the company and plans to take the it private. KKR also plans to merge Wassall's major asset, its lighting operations, with Zumtobel, an Austrian lighting company. KKR plans to sell Wassall's metal closures group and trailer-axle maker Wassall Asia Pacific.
COMPETITION |
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Crown Cork & Seal Company, Inc. (CCK)
Dana Corporation (DCN)
Koninklijke Philips Electronics N.V. (PHG)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 913.80
1-Yr. Sales Growth: 55.2%
Employees: 6,075
Revenue per employee: $150,419.75
KEY PEOPLE |
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Juerg Zumtobel
CEO
Peter Kleinitzer
CFO
CONTACT INFO |
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39 Victoria St.
London SW1H 0EE, United Kingdom
Phone: 44-20-7333-0303
Fax: 44-20-7333-0304
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