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Article: Standex Simplifies Company Structure, Creates Five Business Segments; Greater Transparency is a Goal; New Segmentation Reported in Form 10-K.
- Article from:
- Business Wire
- Article date:
- September 14, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SALEM, N.H. -- Standex International Corporation (NYSE:SXI) reported in its Form 10-K filing with the Securities and Exchange Commission the new alignment of its operations in to five business segments (in order of fiscal-year 2004 revenue): Food Service Equipment, Air Distribution Products, Engineered Products, Consumer and Engraving.
"This new organization of our diverse businesses represents the culmination of a two-year realigning and restructuring program designed to produce a series of larger operating groups consisting of stronger, more agile and synergistic businesses with the critical mass necessary to lead their markets," said Roger Fix, president and ...