The Keller Manufacturing Company, Inc.'s Subsidiary, Paragon Door Designs, Inc. Acquires Erie Door Company
10 June 2008 - 5:01AM
Business Wire
The Keller Manufacturing Company, Inc. (�Keller�) (Pink Sheets:
KMFI) announced today that its subsidiary, Paragon Door Designs,
Inc., (�Paragon�) has acquired exclusive rights to the Radiance
Entry Systems product line, customer base and order stream of J.J.
Moore Sales, Inc. of Erie, PA. The purchase price is based on an
earn-out agreement over a two year period. The Radiance Entry
Systems products will be manufactured at the Paragon facility in
Louisville, KY. A distribution and customer service center will be
maintained in Erie, PA to service the current Radiance delivery
area. David N. Burks, the President and CEO of Paragon stated,
�Paragon continues to execute its strategic plan for growth of
market share and product offerings. Therefore, I am pleased with
this timely and planned acquisition. This gives Paragon a larger
footprint in the northeastern portion of the country, as well as a
highly regarded brand, in Radiance Entry Systems, to add to its
product lines.� For more information about Paragon please visit
www.paragondoor.com. Keller acquired a majority interest in Paragon
in January of 2006. The news release contains certain statements
that are �forward-looking statements� within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended. Those statements may include
statements regarding the intent, belief or current expectations of
the Company or its officers with respect to (i) the Company�s
strategic plans, (ii) the policies of the Company regarding capital
expenditures, dividends, financing and other matters, and (iii)
industry trends affecting the Company�s financial condition or
results of operations. Readers of this news release are cautioned
that reliance on any forward-looking statement involves risks and
uncertainties. Although the Company believes that the assumptions
on which the forward-looking statements contained herein are based
are reasonable, any of those assumptions could prove to be
inaccurate given the inherent uncertainties as to the occurrence or
nonoccurrence of future events. There can be no assurance that the
forward-looking statements contained in this news release will
prove to be accurate. The inclusion of a forward-looking statement
herein should not be regarded as a representation by the Company
that the Company�s objectives will be achieved. For more
information about Keller, please visit www.kellermanufacturing.com.
For more information about Keller�s subsidiary, Paragon, please
visit www.paragondoor.com.
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