Profile: Standex International Corp (SXI.N)
31 Jul 2014
Standex International Corporation, incorporated in 1975, is a manufacturer of a range of products and services for diverse industrial markets segments. The company operates in five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group, Electronics Products Group and Hydraulics Products Group. In July 2012, the Company acquired Meder Electronic Group. In June 2014, the Company acquired San Antonio-based Ultrafryer Systems. In July 2014, the Company announced that it has completed the sale of its American Foodservice Company business unit to AFS All-American Millwork and Fabrication LLC, a portfolio company of All-American Holdings LLC, private equity firm with offices in Atlanta and Nashville.
Food Service Equipment Group
The Company's Food Service Equipment businesses are manufacturers of commercial food service equipment which includes products on the cold or in the refrigerated segment of food service applications and on the hot or in the cooking, warming or holding segment of the market. The Company's products are used throughout the entire food service process; from storage, to preparation, to cooking and to display. The equipment that the Company designs and manufactures is utilized in restaurants, convenience stores, quick-service restaurants, supermarkets, drug stores and institutions, such as hotels, casinos and corporate and school cafeterias. The Food Service Equipment Group also applies technology and product expertise in the health science and medical markets.
The Company's brands and products include Master-Bilt and Kool Star refrigerated reach-in and under counter refrigerated cabinets, cases, display units, and walk-in coolers and freezers; Nor-Lake, Incorporated walk-in coolers and freezers and reach-in and under counter refrigerated cabinets to meet food service and scientific needs; APW Wyott, American Permanent Ware, Bakers Pride, Tri-Star and BevLes commercial ranges, ovens, griddles, char broilers, holding cabinets and toasters used in cooking, toasting, warming and merchandising food; American Foodservice custom-fabricated food service counter systems, buffet tables and cabinets; Barbecue King and BKI commercial cook and hold units, rotisseries, pressure fryers, ovens and baking equipment; Federal Industries merchandizing display cases, and Procon rotary vane pumps used in beverage and industrial fluid handling applications Procon rotary vane pumps used in beverage and industrial fluid handling applications.
The Company's Engraving Group is engaged in texturizing molds, which is used in the production of plastic components, giving the final product the cosmetic appearance and appeal that the Company's consumers require. The Company provides texturizing services for molds used to produces plastic components used in automotive applications and consumer products including household items made of plastic, toys, computers, and electronic devices. In addition to mold texturizing, the Engraving Group also produces embossed and engraved rolls and plates and process tooling and machinery serving a range of industries.
The companies and products within the Engraving Group include Roehlen and I R International,which engrave and emboss rolls and plates used in manufacturing continuous length materials; Innovent, which makes specialized tooling used to manufacture absorbent cores of many consumer and medical products; Mold-Tech, which texturizes molds used in manufacturing plastic injected components; Mullen Burst Testers; and Perkins converting and finishing machinery. The Engraving Group serves a number of industries including the automotive, plastics, building products, synthetic materials, converting, textile and paper industry, computer, housewares, and construction industries.
Engineering Technologies Group
The Company's Engineering Technologies Group, consists of the Spincraft operating segment and Metal Spinners Group, provides solutions in the fabrication and machining of engineered components. Sales are made directly to the Company's customers in the aerospace, energy, defense, marine, aviation, healthcare, medical, oil & gas, and general industrial markets.
Electronics Products Group
The Company's Electronics Products Group consists of Standex Electronics, which manufactures reed switches, electrical connectors, sensors, toroids and relays, fixed and variable inductors and electronic assemblies, fluid sensors, tunable inductors, transformers and magnetic components and Meder electronics, which designs, manufactures and distributes a broad offering of magnetic reed switch, reed relay and reed sensor products. Sales are made both directly to customers and through manufacturers' representatives, dealers and distributors. End user market segments include automotive, white goods, lighting, HVAC, aerospace, military, medical, security, and general industrial applications.
Hydraulics Products Group
The Company's Hydraulics Products Group provides single and double acting telescopic and piston rod hydraulic cylinders through Custom Hoists to manufacturers of dump truck and dump trailers and other material handling applications. Sales are made directly to original equipment manufacturer (OEMs) manufacturing dump trucks, trash collection vehicles, lift trucks and other mobile units requiring hydraulic power.
Standex International Corp
SUITE 300, 11 KEEWAYDIN DRIVE
SALEM NH 03079-2999