U.S. Industries Reports Income IncreaseU.S. Industries, parent company of Jacuzzi, Zurn and Eljer, reported income for fiscal year 2002 as $33.8 million, or 46 cents per diluted share, compared to a loss of $179.8 million, or $2.43 per diluted share, in fiscal 2001. Sales were $1.16 billion for the year, compared to $1.11 billion in 2001. The increase was offset by a decrease in sales in the bath and plumbing segment, which was affected by the disposal of European HVAC businesses and the discontinued product lines in the segment's U.S. brass operations.
HeatLink Moves Distribution CenterHeatLink USA expanded into a larger, automated, centrally located, 24-hour distribution center in Mokena, Ill. Its main sales and design offices will remain in Grand Rapids, Mich. For more information, call 800/968-8905 or visit www.heatlink.com.
In other news, HeatLink appointed Troy Timmer and Barry Trausenecker as product managers. Timmer will head up the radiant floor heating and snowmelting group; Trausenecker will head Airlink, HeatLink's pressurized duct air-conditioning and heating product group.