July 24, 2016 11:15 AM ET

Household Durables

Company Overview of BRK Brands Europe Limited

Company Overview

BRK Brands Europe Limited manufactures smoke, heat, and carbon monoxide alarms. The company was founded in 1967 and is based in Gloucester, United Kingdom. BRK Brands Europe Limited operates as a subsidiary of Jarden Corp.

Unit 6, Carter Court

Davy Way

Waterwells Business Park

Quedgeley

Gloucester,  GL2 2DE

United Kingdom

Founded in 1967

Phone:

44 1452 887 570

Key Executives for BRK Brands Europe Limited

BRK Brands Europe Limited does not have any Key Executives recorded.

BRK Brands Europe Limited Key Developments

Sprue Aegis plc Extends Exclusive European Distribution Agreement with BRK Brands Europe Limited and Jarden Corporation

Sprue Aegis PLC announced that it has entered into a three year extension to its existing exclusive distribution agreement with BRK Brands Europe Limited and Jarden Corporation. The extension, which is on improved terms, comes into effect from 1 April 2015, when the existing distribution agreement expires. Under the terms of the new agreement, Sprue has retained the exclusive rights to distribute the products and brands of BRK Brands, namely, First Alert, BRK and Dicon throughout Europe. The key terms of the agreement are as follows: Annual distribution fee (£4.2 million payable currently) to be reduced to £3.5 million, £3.0 million and £2.9 million in calendar years 2015, 2016 and 2017 respectively; and minimum term of three years to 31 March 2018 with twelve months' notice required by either party to terminate the agreement. Unless terminated, the agreement automatically renews on the same terms for further periods of twelve months. As part of the negotiations, Sprue has also secured improved manufacturing terms from Detector Technologies Limited, a Jarden company, which supplies Sprue's own- brand smoke alarms and other associated accessories: improved credit terms equivalent to two months' purchases; right to source products at a fixed GBP /USD exchange rate of $1.62, removing foreign exchange rate risk on these purchases which are currently in USD; and Fixed product prices for two years from 1 January 2014.

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