Standex

#3871

Rank

$3.16B

Marketcap

United States

Country

Leadership team

Mr. David A. Dunbar (Chairman, Pres & CEO)

Mr. Ademir Sarcevic (VP, CFO & Treasurer)

Mr. Flavio Maschera (VP and Chief Innovation & Technology Officer)

Products/ Services

Manufacturing

Number of Employees

1,000 - 20,000

Headquarters

Salem, New Hampshire, United States

Established

1918

Company Registration

SEC CIK number: 0000310354

Net Income

20M - 100M

Revenue

500M - 1B

Traded as

SXI

Social Media

URL

https://www.standex.com

Overview

Location

Recognition and Award

References

Summary

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The Electronics segment offers reed relays, fluid level, proximity, motion, flow, HVAC condensate, and custom electronics sensors; and current sense and advanced planar transformer technologies, value added assemblies, and mechanical packaging, as well as custom wound transformers and inductors for low and high frequency applications. The Engraving segment provides mold texturizing, slush molding tools, roll engraving, hygiene product tooling, and low observation vents, as well as project management and design services for stealth aircraft; and process machinery for various industries. The Scientific segment offers temperature controlled equipment for the medical, scientific, pharmaceutical, biotech, and industrial markets. The Engineering Technologies segment offers net and near net formed single-source customized solutions that are used in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets. The Specialty Solutions segment manufactures and sells refrigerated, heated and dry merchandizing display cases, custom fluid pump solutions, single and double acting telescopic, and piston rod hydraulic cylinders. Standex International Corporation was founded in 1955 and is headquartered in Salem, New Hampshire.

History

After World War II John Bolten, Sr. and his sons founded a vinyl sheeting company under the name, Bolta Plastics. In 1954, General Tire and Rubber bought the company for $4 million. Bolten reinvested the funds into Standard Publishing, a religious publishing company founded in 1866, and Roehlen Engraving, a steel engraving company. In 1955, Bolten incorporated his company. Standard Publishing was acquired by the Wicks Group in 2006.

During the corporation's early years multiple acquisitions were made including a Coca-Cola bottling company in South America and cleansing product manufacturers consisting of Everedy cookware, Lestoil, and Bon Am. Daniel Hogan, Bolten Sr's son-in-law, succeeded Bolten as company president. Under his management the corporation experienced massive expansion.Hogan took the company public in 1964 and renamed the corporation in 1973 to Standex. Between 1971 and 1975, Standex's net sales increased by 48%, growing from $119 million to $176 million. By 1984 the company's expansion was halted after a series of rash mergers and acquisitions. In 1985 the company debt-to-capital ratio fell to 20%. Hogan, after 37 years with Standex, stepped down as president passing the position to Thomas L. King.

In 1994, Standex purchased Toastswell, a company founded in the late 1920s from the Pavelka family. Toastswell assets were later purchased from Standex in 1997 by Star Manufacturing International.In July 2020, Standex acquired Renco Electronics for $28 million.

Mission

Adding value through partnership with our customers, employees, partners and communities.

Vision

To be the global leader in our products and services.

Key Team

Mr. Alan J. Glass (VP, Chief Legal Officer & Sec.)

Mr. Paul C. Burns (VP of Strategy & Bus. Devel.)

Mr. Sean C. Valashinas (VP, Chief Accounting Officer & Assistant Treasurer)

Ms. Annemarie Bell (VP & Chief Human Resource Officer)

John Meeks (Pres of Electronics Products Group)

Mr. Christopher H. Howe (Director of Investor Relations)

Mr. Leonard Paolillo (Pres of Engineering Technologies Group)

Recognition and Awards

Standex has been awarded numerous awards and recognitions from various organizations and customers, including being listed on Forbes magazine’s “America’s Best Small Companies” several times.