Isadore Familian
Isadore Familian | |
|---|---|
| Born | Isadore Familian 1911 |
| Died | June 13, 2002 (age 90) |
| Nationality | American |
| Spouse(s) | Sunny Kaplan Shirley Robbins Baskin |
| Family | Irv Robbins (brother-in-law) Richard "Skip" Bronson (son-in-law) Richard Baskin (stepson) |
Isadore Familian (1911 – June 13, 2002) was a Los Angeles based businessman and Jewish community leader who served as CEO of Price Pfister Brass Manufacturing Company.
Biography
Familian was born in 1911 to a Jewish family in Chicago.[1] When he was 2, his family moved to Los Angeles where his father founded Familian Pipe and Supply Co., a plumbing supply business. At the age of 16, he dropped out of Theodore Roosevelt High School to work at the family business.[1] In 1941, he became president and purchased rival Price Pfister Brass Manufacturing Company.[1] During World War II, the company, now using the Price Pfister name, shifted to military production manufacturing aircraft fittings and hand grenade shells.[2] After the war, the company focused on residential faucets, feeding the postwar housing boom.[2] Under his leadership, the company grew from 50 to 1,500 employees and became one of the largest manufacturers of brass bath and kitchen hardware in the world.[1] In 1969, Price Pfister was sold to Norris Industries with Familian continuing on as chairman of the board.[1]
The firm went through numerous ownership changes in the following years. In 1981, Norris was purchased in a leveraged buyout for $420 million by Kohlberg Kravis Roberts and renamed NI Industries.[3] In 1985, NI Industries was purchased by Masco Corporation for $460 million.[3] In 1988, Masco sold its Pfister subsidiary to Emhart Corporation. In 1989, Emhart was acquired by Black & Decker Corporation. In 2010, Black & Decker merged with Stanley Works to form Stanley Black & Decker.[4] In 2012, Stanley Black & Decker sold for $1.4 billion its Hardware and Home Improvement Group, including Pfister, to Spectrum Brands Holdings Incorporated.[5]
Philanthropy
In 1947, he founded the University of Judaism in Hollywood where he served on its board of directors.[1] Familian also served on the board of directors for City of Hope National Medical Center, City National Bank, the Los Angeles Music Center, and the Jewish Community Foundation.[1] He chaired the United Jewish Welfare Fund drive for Greater Los Angeles and was active with the United Crusade and the March of Dimes.[1] In 1941, he and his brother George financed the construction of the David Familian Chapel of Temple Adat Ari El in Valley Village named in honor of their father.[1]
Personal life
Familian was married twice. His first wife was Sunny Kaplan (died 1979).[1] His second wife was Shirley Robbins Baskin, sister of Irv Robbins and former wife of Burt Baskin.[6] Familian died of natural causes at his home in Los Angeles; services were held at Hillside Memorial Park.[1] Familian was survived by two biological children, Sondra Familian Smalley and Gary Familian; and two step children, Edie Baskin Bronson (married to Richard "Skip" Bronson) and Richard Baskin.[1]
References
- ^ a b c d e f g h i j k l McLennan, Dennis (June 15, 2002). "Isadore Familian, 90; Philanthropist, Jewish Community Leader". Los Angeles Times.
- ^ a b McLennan, Dennis. "Price Pfister, Inc". Reference for Business. Retrieved June 10, 2018.
- ^ a b Harris, Kathryn (January 15, 1985). "NI Industries Agrees to Be Acquired by Masco". Los Angeles Times.
- ^ "Stanley and Black & Decker Complete Merger" (Press release). Stanley Black & Decker. 2010-03-12. Archived from the original on 2010-04-15. Retrieved 2010-03-19.
{{cite press release}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Spectrum buys Stanley B&D unit for $1.4 billion, shares jump". Reuters. October 9, 2012.
- ^ Hevesimay, Dennis (May 7, 2008). "Irvine Robbins, Ice Cream Entrepreneur and a Maestro of 31 Flavors, Dies at 90". New York Times.