Profile: Standex International Corp (SXI.N)
27 Mar 2017
Standex International Corporation, incorporated on May 22, 1975, is a diversified manufacturing company. The Company is a manufacturer of a range of products and services for diverse commercial and industrial market segments. The Company has 11 operating segments, aggregated and organized into five segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics. The Company has operations in the United States, Europe, Asia, Africa and Latin America.
Food Service Equipment
The Food Service Equipment business consists of Refrigeration Solutions group, Cooking Solutions group and Specialty Solutions group. The Refrigeration Solutions group manufactures walk-in and cabinet coolers and freezers used in commercial food facilities, and some industrial, life science and scientific applications. The Cooking Solutions group manufacturers cooking equipment, such as ovens, fryers, warmers and grills, used in commercial food preparation and service. The Specialty Solutions group consists of a specialty pump used in beverage applications and custom display merchandising. The Company's products are used throughout the commercial food service process from storage, to preparation, to cooking and to display. The equipment that it designs and manufactures is utilized in restaurants, convenience stores, quick-service restaurants, supermarkets, drug stores and institutions, such as hotels, hospitals, and both corporate and school cafeterias. In the scientific markets, the Company's product portfolio is used for research, testing and storage of pharmaceuticals, reagents, enzymes, plasma, whole blood, bone marrow, viruses, stem cells deoxyribonucleic acid (DNA) and plant samples.
The Company's Food Service Equipment products are manufactured in Hudson, Wisconsin; New Albany, Mississippi; Nogales, Mexico; Simpsonville, South Carolina; San Antonio, Texas; Belleville, Wisconsin, and Mountmellick, Ireland. The Company's products are sold in North America directly, through dealers, and through industry representatives in the Americas, Europe, Asia and the Middle East. The Company's product brands include NorLake walk-in coolers and freezers and reach-in and under counter refrigerated cabinets to meet food service and scientific needs; Master-Bilt refrigerated reach-in and under counter refrigerated cabinets, cases, display units, and walk-in coolers and freezers; APW Wyott, Bakers Pride, and Tri-Star ovens, char broilers, commercial ranges, griddles, toasters, warmers, roller grills and countertop merchandisers used in cooking, toasting, warming and merchandising food; BKI and Barbecue King commercial cook and hold units, rotisseries, pressure fryers, ovens and baking equipment; Ultrafryer commercial deep fryers for restaurant and commercial installations; Federal merchandizing display cases for bakery, deli and confectionary products, and Procon pump systems used in beverage and industrial fluid handling applications.
The Company's Engraving segment's product lines include Mold-Tech and Innovent. Mold-Tech is engaged in applying textures to molds, on which manufacturers produce a final product with the desired surface textures on molded plastic parts, slush-molded parts and in-mold grained parts. Mold-Tech serves the auto industry, as well as consumer goods. Innovent is a specialized supplier of tools and machines used to produce diapers and products, which contain absorbent materials between layers of non-woven fabric. The Company provides texturizing services for the production of automotive components, particularly for interior dashboards and upholstery, textiles for paper towels and hygiene products, consumer products and cosmetic appearances, construction applications, various synthetic flooring products, and surfaces in electronics such as computers, cell phones and printers. The Engraving segment serves various industries, including automotive, plastics, building products, synthetic materials, converting, textile and paper, computer, housewares, hygiene product tooling and aerospace industries. The Engraving segment brands include Mold-Tech, which provides design and program management services texturizes molds used in the production of plastic parts and manufactures nickel shell slush mold tooling; Mullen Burst Testers, and Innovent is an engineering and manufacturing company delivering product and service solutions to hygiene, aerospace and other industrial clients around the world.
The Company's Engineering Technologies segment provides engineered parts in all workable metal alloys using various forming processes. The Company's precision manufacturing capabilities include metal spinning, metal forming, press forming, stretch forming, hydroforming, heat treating and brazing, computer numerical control and electrical discharge machining, high speed milling and other fabrication services in all thickness and size ranges for all workable metal alloys. Its solutions are used in a range of applications, where the utilization of its metal forming capabilities with vertically integrated operations are used to reduce part count, decrease input material and/or optimize the manufacturing process. These solutions are found in the aviation, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets. Its components and assemblies have been present on commercial aviation aircraft engines and nacelles, as well as defense and navy nuclear programs. It provides complex assemblies and formed solutions for the energy and oil and gas original equipment manufacturers (OEMs), magnetic resonance imaging (MRI) machine formed components, and single piece formed and machined fuel and liquid oxygen tanks and tank domes for commercial and government space programs. The Engineering Technologies segment includes its Spincraft units, with locations in North Billerica, Massachusetts; New Berlin, Wisconsin, and Newcastle upon Tyne in the United Kingdom, along with, Enginetics, which has plants in Huber Heights and Eastlake, Ohio.
The Company's Electronics segment is a manufacturer of custom magnetic sensing and power conversion components and assemblies. The magnetic sensing products employ technologies, such as reed switches, hall effect and magneto-resistive, to produce reed relays, fluid level sensors, flow, pressure differential, proximity, as well as custom electronics assemblies containing these devices. The power conversion products include custom wound transformers and inductors for low and high frequency applications, value added assemblies and mechanical packaging and advanced planar transformers technology. The Electronics segment is a components solutions provider, which designs and manufactures engineered components and assemblies to solve its customers' application needs with a Partner/Solve/Deliver approach. The end user is an OEM industrial equipment manufacturer. Its other end user markets include transportation, appliances, heating, ventilation and air conditioning (HVAC), security, military, medical, aerospace, instrumentation, and general industrial/power applications. Its components are manufactured in plants located in the United States, Mexico, the United Kingdom, Germany and China. The business sells around the world through a direct sales force, regional sales managers, field applications engineers, commissioned agents, representative groups and distribution channels. The brand names are Standex Electronics, Standex-Meder Electronics and Northlake Engineering.
The Company's Hydraulics segment is a manufacturer of mobile hydraulic cylinders, including single or double acting telescopic, and piston rod hydraulic cylinders. The Company manufactures a specialty pneumatic cylinder and promotes complete wet line kits, which are complete hydraulic systems that include a pump, valves, hose and fittings. Industries that use its products are construction equipment, refuse, airline support, mining, oil and gas, and other material handling applications. Its products are utilized by OEMs on vehicles, such as dump trucks, dump trailers, bottom dumps, garbage trucks, container roll off vehicles, hook lift trucks, liquid waste handlers, compactors, balers, airport catering vehicles, container handling equipment for airlines, lift trucks, yard tractors and underground mining vehicles. The Company manufactures its cylinders in Hayesville, Ohio and Tianjin, China. Its products are sold directly to OEMs, as well as distributors, dealers and aftermarket repair outlets primarily in North America with some sales in South America and Asia. The Company provides Custom Hoists branded single and double acting telescopic hydraulic cylinders and single-stage, welded type piston rod hydraulic cylinders for use in the mobile hydraulics industry. The Company offers its line of hydraulics products for the dump truck and trailer market.
Standex International Corp
11 Keewaydin Dr Ste 300
SALEM NH 03079-2999