Isadore Familian
Isadore Familian was a Los Angeles–based businessman and Jewish community leader who was CEO of Price Pfister Brass Manufacturing Company.
Biography
Familian was born in 1911 to a Jewish family in Chicago. When he was two, 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. In 1941, he became president and purchased rival Price Pfister Brass Manufacturing Company. During World War II, the company, now using the Price Pfister name, shifted to military production manufacturing aircraft fittings and hand grenade shells. After the war, the company focused on residential faucets, feeding the postwar housing boom. 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. In 1969, Price Pfister was sold to Norris Industries with Familian continuing on as chairman of the board.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. In 1985, NI Industries was purchased by Masco Corporation for $460 million. 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. In 2012, Stanley Black & Decker sold for $1.4 billion its Hardware and Home Improvement Group, including Pfister, to Spectrum Brands Holdings Incorporated.