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May 04, 2015 7:37 PM ET

Commercial Services and Supplies

Company Overview of Fiskars Brands, Inc.

Company Overview

Fiskars Brands, Inc. manufactures and markets consumer and commercial products. Its product categories include school, office, and craft products; garden tools and accessories; outdoor recreation; and house wares. The company markets and distributes its products to customers in North America, Central America, South America, Europe, and the Asia Pacific. The company was founded in 1984 and is headquartered in Madison, Wisconsin. Fiskars Brands, Inc. operates as a subsidiary of Fiskars Oyj Abp.

2537 Daniels Street

Madison, WI 53718

United States

Founded in 1984

Phone:

608-259-1649

Fax:

608-294-4790

Key Executives for Fiskars Brands, Inc.

Chief Executive Officer and President
Age: 52
President of Homeware
Age: 56
President of Inha Works
Age: 62
Vice President of Corporate Communications
Age: 55
Vice President of Corporate Finance
Age: 60
Compensation as of Fiscal Year 2014.

Fiskars Brands, Inc. Key Developments

Gerber Legendary Blades Agrees to Pay $2.6 Million Civil Penalty for Delay in Reporting 'Gator Combo Axe' Safety Hazard

The Department of Justice has announced that Gerber Legendary Blades has agreed to pay a civil penalty of $2.6 million to settle allegations that it knowingly failed to immediately report to the U.S. Consumer Product Safety Commission (CPSC) a safety hazard associated with Fiskars’ Gator Combo Axe. Fiskars has also agreed to establish and maintain a compliance program with internal recordkeeping and monitoring systems to keep track of information about product safety hazards. The settlement agreement is awaiting judicial approval. The Axe was a combination product that had a knife embedded in its handle that was supposed to be secured by two small magnets. In a complaint filed on behalf of the CPSC in U.S. District Court for the District of Oregon, the United States alleged that Fiskars became aware that the knife in the Axe handle could and did dislodge from the Axe’s handle when the Axe was in use, causing serious injuries to consumers. Fiskars imported approximately 103,000 Axes from Taiwan through its Gerber Legendary Blades division in Portland, and distributed those Axes to retail sporting good chains and stores throughout the United States. Under the Consumer Product Safety Act (CPSA), manufacturers, distributors and retailers are required to report product hazards to the CPSC. A knowing violation of the CPSA subjects a firm to civil penalties. The United States alleged that beginning as early as 2005 and continuing over the next several years, Fiskars received consumer complaints and warranty claims indicating that the knife fell out of the Axe handle while the Axe was being used to chop, pound or hammer. In several instances, the knife dislodged from the handle during use and caused injuries including lacerations requiring stitches, permanent nerve damage and surgery to repair severed tendons.

Fiskars Recalls Bypass Lopper Shears Due to Laceration Hazard

Fiskars recalls Bypass Lopper Shears due to Laceration hazard. Name of product is Fiskars(R) 32-Inch Bypass Lopper Shears. Hazard: The lopper handles can break when attempting to cut branches, posing a risk of serious injury and laceration. Remedy is: Replacement. Units: About 277,000 in the U.S. and 11,000 in Canada. Description: This recall involves Fiskars Titanium Bypass Lopper shears with model number 6954. The lopper shears have 32-inch dark orange steel handles and black rubber grips with a gray strip. Plastic gears connected to the pruning blades allow the consumers to open and close the pruning blades by moving the handles. "FISKARS" is printed on one handle and product identification information, including model number 6954, is printed on a label on the opposite handle above the barcode. Incidents/Injuries: The firm has received 11 reports of incidents involving lopper handles breaking, including reports of bruising and lacerations, some required stitches to the head and face. Remedy: Consumers should immediately stop using the recalled lopper shears and contact Fiskars to receive a replacement lopper. Sold exclusively at: Home Depot stores nationwide and online at HomeDepot.com from May 2011 through June 2014 for about $40.

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