FYI

Manufacturers for the Week:

United Technologies Corp. (Hartford, CT) suggested that it may raise anti-trust objections to General Electric’s acquisition of Honeywell. George David, chairman and ceo of United Technologies, said that his company is taking a look at the competitive ramifications of the GE-Honeywell combination.

Honeywell Commercial Air Products (Minneapolis, MN) has formed a strategic alliance with Air Purification Technologies, LLC (Valencia, CA). The alliance will combine both companies' air cleaning technologies to address indoor air quality (IAQ) issues in commercial spaces including health and critical environments, such as hospitals, day care centers, clean rooms, and laboratories.

Notifact Corp. (Fairfield, NJ) announces the availability of its WMS transceiver for use with the Beacon® refrigeration control system from Heatcraft Refrigeration Products (Stone Mountain, GA), providing plug-and-play wireless monitoring. The WMS provides real-time monitoring of hvacr equipment by applying Internet server and wireless technologies.

AAON, Inc. (Tulsa, OK) announces record net sales and earnings for the third quarter. Sales for the period climbed 13.1% to $39.6 million from $35 million for the corresponding period of 1999. Net income gained 20.8% to $3.4 million (or $0.55 per share) compared to $2.8 million (or $0.43 per share) a year ago.

Topp Construction Services, Inc., dba Topp Portable Air (Aston, PA), has been named one of the fastest-growing companies in the country by Inc. magazine, which published its annual ranking of the Inc. 500, a guide to America’s fastest-growing private companies, in its October 17 issue.

For the second year in a row, HON Industries Inc. (Muscatine, IA) has been recognized by IndustryWeek

magazine as one of the world’s 100 Best-Managed Companies. The firm is a major manufacturer of gas and wood-burning fireplaces under its Hearth Technologies operating company.

Heatilator, a Division of Hearth Technologies (Mt. Pleasant, IA), has received the annual Innovative Technology Award from the Iowa Department of Economic Development. To receive the award, a company is evaluated on several criteria including use of computer-integrated manufacturing, Internet services, and other technologies.

PEF Industries Inc. (Somerville, TN) has acquired the assets of the Nesbitt unit ventilator and shelving product lines from Mestek Inc. (Westfield, MA). PEF will build and market the products under the name Nesbittaire.

Hartzell Fan, Inc. (Piqua, OH) announces that it has been awarded the Fabricator Excellence Award for Derakane resins from the Dow Chemical Co. (Midland, MI) for its new Type FA fiber-reinforced plastic (FRP) wheel which is used in its Series 41 fiber glass backward-curved centrifugal fans.

The Marvair Division of Airxcel (Cordele, GA) is expanding its manufacturing capabilities to accommodate strong growth in its key markets. The company is adding 98,000 sq ft of plant space with 14 truck bays, which will help with the overall material handling for its air conditioning units.

Wolverine Tube, Inc. (Huntsville, AL) reports net income for the third quarter of $5 million, or $0.40 per diluted share, a 21% increase over last year. This increase exceeds the consensus estimate of $0.39 per share. For the third quarter of 1999, net income before restructuring and other charges was $4.3 million, or $0.33 per diluted share.

Publication date: 11/06/2000

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Greg Mazurkiewicz is Web Editor. He can be contacted at 248-244-6459 or gregmazurkiewicz@achrnews.com. Greg handles the day-to-day operations of The NEWS' website, www.achrnews.com, including the Extra Edition page, which offers additional online-exclusive articles. He has 40 years of experience as a writer and editor. He holds a bachelor's degree in Journalism and a master's degree in Business Management.