CHICAGO — Zag Industries Ltd., a Rosh Ha'Ayin, Israel-based housewares injection molder, opened a New York office in January and may establish production facilities in the United States, according to a senior executive.
``It's something we're certainly looking into,'' Joseph Janowski, newly named president of Zag USA Inc., said Jan. 12 at the 1998 International Housewares Show in Chicago. ``We're ready to roll out into the marketplace.''
Zag was established in 1987 by Zvi Yemini, the firm's chairman and chief executive officer, as a consulting and design business. The company launched its first products in 1993, a line of plastic toolboxes sold by major retailers such as Home Depot, Zag's biggest U.S. customer. Other U.S. customers include Wal-Mart, Target and Black & Decker, for whom Zag is an original equipment manufacturer.
The company has grown from $2 million in sales in 1993 to more than $50 million and distributes its products in more than 40 countries. In 1997 it considered merging with Chicago-based Home Products International Inc. The talks collapsed and were called off when the two companies could not agree on plans for integration and management.
Zag produces a variety of hardware, sport and leisure items, gardening accessories and storage products, including modular drawer systems. In addition to operations in Israel, the firm operates a manufacturing and distribution facility in Mexicali, Mexico, and a U.S. distribution center in Carteret, N.J. The firm uses an undisclosed number of manufacturing subcontractors in locations Janowski declined to identify.