Word: ekco
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...chairman in 1965. Son of a Passaic, N.J., banker who was a longtime friend of Brush, Laporte became an American Home sales trainee in 1938, after graduating from Princeton and Harvard Business School. Under his leadership, American Home has stepped up diversification. In 1965, the company bought Chicago-based Ekco Products Inc. for $145 million, thus became the world's biggest maker of pots, pans and other kitchen utensils. Then it outmaneuvered Consolidated Foods in a race to acquire candymaking E. J. Brach & Co. It was a sweet victory: Brach's sales jumped 14% last year...
...bankers who bring off mergers stand to collect handsome fees: about 1 % of the purchase price on a huge deal or 3% on a medium-sized one. To earn this the broker contributes copiously of his savvy, research and time. The merger talks between American Home Products and Ekco Products (pots and pans) dragged on for five years, but were well worth the effort for the merger broker. On that $163 million deal, Lehman Bros, collected...
...comeback trail by singing a song (his voice has not changed much) and lowering his head to hide the tears as Jessel, with a philanthropic touch, reads off the list of nightclubs and TV shows that are suddenly clamoring for the new Bobby Breen. Sponsors: Sealy, Inc. and Ekco Products...
...Ekco Products Co. of Chicago, biggest U.S. manufacturer of housewares, thought so much of television that it made a bit of history by signing, at one fell swoop, to sponsor four new ABC network nighttime programs: The George Jessel Show, Jamie, Quick as a Flash and Comeback...
...Ekco Approach Aid is now in legal operation at Southend Airport, where it was used successfully during the record fog that plagued Britain early this month. The R.A.F. has ordered 25 sets, and the U.S. armed services are interested...