NEW HAVEN, Conn., (Oct. 1, 2002) - As part of the company’s efforts to unify product lines and protect investment in its key product brands, Emhart Teknologies announced today that it has acquired the licensing business of Edgewater, N.J.-based Refac Technologies, LLC.  The acquisition gives Emhart exclusive ownership and worldwide licensing rights for Heli-Coil and Dodge product lines. Terms of the transaction were not disclosed.

“This acquisition is a strategic move that gives Emhart direct access and relationships with our global partners,” said Paul A. Gustafson, executive vice president, Black & Decker and president, Emhart Teknologies.  “Working directly with key manufacturing partners will provide new opportunities for growth and increased profitability for all parties,” he said.

To ensure the company maximizes its investment and meets critical Heli-Coil and Dodge brand objectives in engineering, manufacturing and distribution, Emhart has appointed Greg Wind, as global marketing manager for Heli-Coil and Dodge.  Wind will work to:

• Drive and manage more consistent new product developments;
• Foster technical cooperation across manufacturers by establishing best practices; and,
• Unify the brands by coordinating marketing and communications programs.

“We’re confident that the end-users -- our customers - will benefit from a broader array of products and services,” Gustafson said.  “From engineering, manufacturing and distribution, Emhart can now directly guide and protect these quality brands.” 

Heli-Coil screw thread inserts and Dodge threaded inserts for plastics are used in the aerospace, automotive, communications, computer, defense and medical industries.

About Emhart Teknologies

New Haven, Conn.-based Emhart Teknologies is the global leader in the design and creation of unique assembly technologies from concept through installation.  Emhart’s technology-based assembly products and systems deliver innovative, integrated system solutions to virtually any manufacturing challenge anywhere in the world.  From automotive to construction, computers to appliances, Emhart products are sold in more than 100 countries. A Black & Decker Company, Emhart has 3,000 employees in 24 operating facilities worldwide.  Please go to www.emhart.com for more information.

Contacts

Francis Onofrio or Derek Beere
Mason & Madison Public Relations
(203) 393-1101 x169 and x162
fonofrio@masonmadison.com
dbeere@masonmadison.com

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