Speakman Company Sells its Interest in AMAX USA, LLC

Speakman Company and AMAX USA, LLC have agreed to part ways in their business venture and focus on their respective businesses.

2010-08-15

NEW CASTLE, DE, August 15, 2010 (Press-News.org) AMAX USA, LLC and Speakman Company announced today that they have come to a mutual decision to part ways in their business venture and Speakman has agreed to sell its interest in the LLC. Both companies have agreed that they need to focus on their respective businesses and feel that this will have a positive effect in the end.

Speakman Company, a 141 year old plumbing company started its Cooling Solutions division in 2005, with the introduction of OASys - an advanced indirect/direct evaporative technology.

In 2008, AMAX USA, LLC began marketing its AMAX brand of commercial industrial evaporative technologies.

OASys is a residential/ light commercial product and AMAX products are geared towards larger commercial/ industrial projects. Si Hyland, Managing Director of AMAX USA, LLC states, "It has been a pleasure working with the Speakman Company. I feel that the result of this decision will be beneficial for both companies."

About Speakman Company
The Speakman Company was founded in 1869 as a plumbing pipefitting company. Retaining its indepen¬dent and privately held status, Speakman has forged a reputation for continuous product innovation and quality leadership. Today Speakman continues to manufacture high quality commercial plumbing products, innovative emergency equipment and exceptional hospitality and residential showerheads.
In 2005 Speakman created a new division which moved beyond plumbing into the HVAC Cooling Market. Today Speakman is proud to offer a line of indirect/direct evaporative coolers which allow homeowners and businesses to cool their spaces while saving money and reducing their carbon footprint.

About Amax USA
AMAX is a series of commercial indirect/direct evaporative coolers developed in 2009 for large commercial applications. AMAX provides customized cooling solutions that utilize the energy saving benefits of direct and indirect evaporative cooling combined as necessary with the comfort and dependability of chilled water and direct expansion cooling.

About Speakman
The Speakman Company was founded in 1869 as a plumbing pipefitting company. Retaining its independent and privately held status, Speakman has forged a reputation for continuous product innovation and quality leadership. The acknowledged leader in specification quality plumbing fittings and electronic faucets, Speakman pioneered water bearing safety equipment more than 50 years ago, and led the market transformation into modern-day showering over 75 years ago. Speakman's products are registered to ISO 9001:2000, please visit our web site at http://www.speakmancompany.com.

Contact:
Andrea Gafford
Speakman Company
agafford@speakmancompany.com
302-765-0282

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Speakman Company Sells its Interest in AMAX USA, LLC

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