Manufacturers: MagneTek, Emerson Electric, Worthington Cylinders, Beckett, Phoenix DataComm, Advanced Thermal Products, AMTROL, and Tecumseh Products
Emerson Electric Co. (St. Louis, MO) was again ranked among the best-managed companies in the world, according to the editors of IndustryWeek magazine and a panel of international experts. Emerson is one of 36 companies that have been named to the magazine’s 100 Best-Managed Companies list each of the past five years.
Worthington Cylinders (Columbus, OH) announces that it has added DOT-39 non-refillable cylinder production at its facility in Vale De Cambra, Portugal, to better serve global customer demand. In addition, the company added refillable refrigerant cylinder production at its Hustopece, Czech Republic facility, which is currently producing 12.5-, 14.3-, 19-, 27.2-, and 61-l cylinders, to meet global demand for refillable cylinders.
Beckett Corp. (Irving, TX) announces plans to relocate its Industrial/OEM Products design, development, and manufacturing operations to a new facility in Dallas, TX. The move, scheduled for completion by year’s end, is part of the company’s new growth initiative. With 186,000 sq ft, the Dallas facility will nearly double production capacity.
Phoenix DataComm, Inc. (PDI; Norristown, PA), announces that it plans to merge with Monitel Products Corp. (Morris Plains, NJ). Monitel, which will operate as a wholly owned subsidiary of PDI, will add its patented telephony-based solution to PDI’s wireless monitoring system.
PDI also announces that it plans to merge with Logistix Capital Inc. d.b.a. StarTrak (Morris Plains, NJ). StarTrak, which will operate as a wholly owned subsidiary of PDI, will add a satellite solution.
Publication date: 8/28/2000
Advanced Thermal Products (St. Marys, PA) announces that it has enhanced its website at www.atpsensor.com, making its data sheets available in .pdf file format for easier downloading and printing. The company is currently in the process of expanding and enhancing its product catalog.
AMTROL Inc. (West Warwick, RI) reports that second-quarter net sales were $48.6 million, a decrease of $7.3 million or 13% compared to the second quarter of 1999. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were $7.7 million, a decrease of $2.7 million compared to $10.4 million in 99.
Tecumseh Products Co. (Tecumseh, MI) declares a regular quarterly cash dividend of $.32 per share payable on September 29 to shareholders of record of its Class A and Class B common stock as of September 15.