13878 Tue, 02/26/2008 - 12:40pm
MIRAMAR, Fla.–The recently merged Salton and Applica have set a corporate structure with Salton Inc. as the name of the parent company.
According to a spokesman, the Applica name will be used to designate the operating company here in the United States under Salton Inc., while the Salton name will be used for the operating entity in Europe. In addition, the company is consolidating its operations here, at the Applica headquarters.
According to a filing with the U.S. Securities and Exchange Commission, Salton Inc. posted net income of $3.6 million for the second quarter of fiscal year 2008, compared with a net loss of $7.8 million for the second quarter of the last fiscal year. Second-quarter sales totaled $164.4 million, an increase of 16.6 percent over the same period in the prior fiscal year.