Woodridge, IL - Gerber Plumbing Fixtures LLC is pleased to be the recipient of the 2009 National “Turnaround of the Year Award” for a mid-size company as honored by the Turnaround Management Association (TMA), an international non-profit organization with over 9,000 members dedicated to corporate renewal.
Based in Chicago, Gerber was selected by TMA for the mid-size company turnaround, a category for companies with revenue between 50 million and 300 million dollars. Gerber was selected in honor of its strategic revival from near bankruptcy in 2002, prior to the acquisition of its assets by Globe Union, to profitable growth in the current global recession. Gerber’s corporate restructuring was led by CEO and President, Michael Werner, who in 2003 took over the family-run 70+ year old company and modernized the business while maintaining its loyalty to the professional trade.
“After globalizing our manufacturing, introducing hundreds of new products and strengthening our professional heritage, we are proud that Gerber is now one of the strongest suppliers in the plumbing wholesale channel. Gerber is truly honored to accept this award by TMA,” said Werner.
During Gerber’s re-building, which took five years to complete, the company’s manufacturing processes, supply chain and quality systems were significantly enhanced, hundreds of new products were created, including many award winning green and high performance toilets and faucets, and delighting customers became the company’s number one priority. Further, Gerber has continued to grow its sales by maintaining its loyalty to the professional channel and by working on behalf of its plumbing wholesaler customer base.
In October 2009, TMA publicly recognized Gerber’s corporate re-structuring and turnaround success with increased profits in spite of the economic downturn. Werner accepted the “Turnaround of the Year” award during the October 8th keynote luncheon at the TMA Annual Convention in Phoenix, Arizona.
For more information on Gerber, visit www.gerberonline.com or call 866.538.5536.
About Gerber:
Gerber Plumbing Fixtures LLC is a leading manufacturer of vitreous china plumbing fixtures, faucets, and fittings for the residential, commercial and hospitality construction markets. Gerber products are sold exclusively to the plumbing professional and are supported with Gerber’s exclusive “Best-in-Class” customer service. Gerber is a partner in the U.S. EPA WaterSense Program. The 77-year old plumbing company is committed to protecting the environment through resource conservation and building best practices.
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CONTACT: Shannon K. Benton, 770.518.1000 x 213, sbenton@kleberandassociates.com
TMA Award for Gerber_Michael Werner_final.doc (718.50 kb)