-
Spectrum thinks over repositioning manufacturing
During the Spectrum Brands second-quarter earnings call, the Madison, Wis.-based company showed interest in bringing back some offshore production.
Responding to a question about the rising costs of wages and freight for overseas small appliance manufacturing, Spectrum Brands CEO David Lumley said: “We are looking at that.”
He added that a first opportunity might be for North America manufacturing — Mexico or the Caribbean.
-
North American new home construction boosts Masco Q1
Taylor, Mich.-based Masco Corp. reported first-quarter net sales of $1.88 billion, up 3.9% from the same quarter last year.
Net income for the giant manufacturer of home improvement and building products was $47 million, up from $33 million in the prior-year quarter.