M&A

13 January, 2010

Taylor Precision Products Announces the Acquisition of Springfield Precision Instruments

Press Release Source: Taylor Precision Products On Wednesday January 13, 2010, 9:00 am EST

CHICAGO--(BUSINESS WIRE)--Taylor Precision Products announced the acquisition of Springfield Precision Instruments. The company will consolidate the daily operations of both companies at their Oak Brook, Illinois office.

"The merger of these two well respected companies is a natural fit. The Springfield brand brings a strong creative component to the outdoor weather product line-up that complements Taylor's product line," said Ronni Emrich, Director of Marketing for the outdoor weather category.

"The company will continue to offer both Taylor and Springfield branded products with no disruption of service," states Terry Reilly, Vice President of Sales and Marketing. "Our goal is to continue to offer each retailer what they uniquely require to grow their business. The addition of the Springfield brand and a manufacturing plant will strengthen our ability to do exactly that."

The Springfield acquisition reinforces Taylor's commitment to growth and innovation in the precision measurement industry, whether in the kitchen, bath or the garden and yard.

About Taylor Precision Products

Founded in 1851 by George Taylor, Taylor Precision Products is a leader in the precision measurement industry and is marketed under the Taylor brand. Acquired in 2002 by HoMedics, the industry leader in innovative personal care, health and wellness products, Taylor continues to help consumers live better, healthier and more fulfilling lives.

For more information about Taylor please visit http://www.taylorusa.com.