DALLAS--(BUSINESS WIRE)--Danco, a leading supplier of plumbing repair and replacement parts for
major home improvement retailers including The Home Depot and Lowe's and
sister company LSP, which services the wholesale plumbing industry,
today announced the acquisition of MJSI, Inc., a leading manufacturer typical plumbing repair costs of
toilet repair products devoted to innovation and water conservation.
"The acquisition of MJSI supports our company growth strategy plumbing services price list to
increase market share in current categories and strengthen our
competencies for entering and winning in new categories through
patented, consumer-driven product innovation," said Scott Thresher, CEO
of Danco and LSP. "Acquiring MJSI significantly strengthens our product
offering in toilet repair, a key growth category for Danco."
MJSI's water-saving products include HydroRight dual flush conversion
kits, the award winning HydroClean toilet fill valve, flappers and more.
MJSI products yellow pages are currently sold in Home Depot, Menard's, Ace Hardware,
True Value, Do-it-Best and Bed, Bath & Beyond retail locations and
online at Amazon and Walmart.
Michael Schuster is the CEO and majority shareholder of MJSI. As part of
the acquisition, he will join Danco and LSP, and work closely with the
product and marketing teams to further strengthen the product innovation
pipeline.
"I am excited to join forces with Danco and LSP," said Michael Schuster,
CEO of MJSI. "With Danco's top-notch product, sales and marketing team,
and its robust supply chain platform, together we can redefine
innovation in the toilet repair category and beyond. The opportunities
are endless."
Danco will assume all responsibility for business operations of MJSI,
Inc., including distribution, inventory management, customer service
support, marketing and sales functions.
For more information about Danco, visit danco.com.
For more information about MJSI, Inc., visit gomjsi.com.
For more information about LSP, visit lspproducts.com.
About Danco
Danco is the largest plumbing repair, replacement and remodel supplier
in the home improvement industry. For plumbing problems more than 35 years, Danco has
consistently delivered innovative products to simplify plumbing
replacement projects. Helping consumers repair and replace with ease,
confidence and style, Danco provides universal-fit replacement and
accessory products for the kitchen and bathroom. Danco also has
partnered with Microban®, the global leader in anti-microbial
technology solutions since 1994, for exclusive rights to products in the
plumbing replacement category. Danco is a retail division of the
plumbing products group of Dallas-based NCH Corporation. For more
information, visit danco.com.
About LSP
LSP Products Group (LSP) was founded by plumbers more than 40 years ago
with a focus on unparalleled innovation, superior product quality and
best-in-class service to the plumbing industry. LSP has continued to
lead plumbing products innovation with inventions like the stainless
steel braided flex connector, the Kahuna(TM) outlet box, the Revolver waste
and overflow and, most recently, the Pull Stop Box(TM). LSP's primary focus
is the new construction market with products that make installations
easy and provide significant cost savings to the plumbing/mechanical
contractor. For more information, visit lspproducts.com.
major home improvement retailers including The Home Depot and Lowe's and
sister company LSP, which services the wholesale plumbing industry,
today announced the acquisition of MJSI, Inc., a leading manufacturer typical plumbing repair costs of
toilet repair products devoted to innovation and water conservation.
"The acquisition of MJSI supports our company growth strategy plumbing services price list to
increase market share in current categories and strengthen our
competencies for entering and winning in new categories through
patented, consumer-driven product innovation," said Scott Thresher, CEO
of Danco and LSP. "Acquiring MJSI significantly strengthens our product
offering in toilet repair, a key growth category for Danco."
MJSI's water-saving products include HydroRight dual flush conversion
kits, the award winning HydroClean toilet fill valve, flappers and more.
MJSI products yellow pages are currently sold in Home Depot, Menard's, Ace Hardware,
True Value, Do-it-Best and Bed, Bath & Beyond retail locations and
online at Amazon and Walmart.
Michael Schuster is the CEO and majority shareholder of MJSI. As part of
the acquisition, he will join Danco and LSP, and work closely with the
product and marketing teams to further strengthen the product innovation
pipeline.
"I am excited to join forces with Danco and LSP," said Michael Schuster,
CEO of MJSI. "With Danco's top-notch product, sales and marketing team,
and its robust supply chain platform, together we can redefine
innovation in the toilet repair category and beyond. The opportunities
are endless."
Danco will assume all responsibility for business operations of MJSI,
Inc., including distribution, inventory management, customer service
support, marketing and sales functions.
For more information about Danco, visit danco.com.
For more information about MJSI, Inc., visit gomjsi.com.
For more information about LSP, visit lspproducts.com.
About Danco
Danco is the largest plumbing repair, replacement and remodel supplier
in the home improvement industry. For plumbing problems more than 35 years, Danco has
consistently delivered innovative products to simplify plumbing
replacement projects. Helping consumers repair and replace with ease,
confidence and style, Danco provides universal-fit replacement and
accessory products for the kitchen and bathroom. Danco also has
partnered with Microban®, the global leader in anti-microbial
technology solutions since 1994, for exclusive rights to products in the
plumbing replacement category. Danco is a retail division of the
plumbing products group of Dallas-based NCH Corporation. For more
information, visit danco.com.
About LSP
LSP Products Group (LSP) was founded by plumbers more than 40 years ago
with a focus on unparalleled innovation, superior product quality and
best-in-class service to the plumbing industry. LSP has continued to
lead plumbing products innovation with inventions like the stainless
steel braided flex connector, the Kahuna(TM) outlet box, the Revolver waste
and overflow and, most recently, the Pull Stop Box(TM). LSP's primary focus
is the new construction market with products that make installations
easy and provide significant cost savings to the plumbing/mechanical
contractor. For more information, visit lspproducts.com.