• York International (York, PA) has announced the closure of its compressor assembly operation located in Sparta, NC. The facility is part of the Bristol Compressors operations and has approximately 450 employees. The closure is part of the company’s previously announced cost reduction program.
  • United Industrial (New York, NY) has reported a net income of $1.9 million or $0.14 per diluted share for the second quarter of 2001, compared to a net income of $2.6 million of $0.20 per diluted share in the second quarter of 2000.
  • Rheem Manufacturing Co., Air Conditioning Division (Fort Smith, AR), has named Charles Holt as vice president of operations. Also joining the division is Gary K. Hale, who will serve as vice president of human resources.
  • Peerless Heater Company (Boyertown, PA) has recently occupied the new Peerless Headquarters/Kite Warehouse. The building is set on 7.7 acres and is the new home of the company’s shipping department. The Kite Warehouse also holds inventory of raw materials and finished boilers.

    Publication date: 08/27/2001