Industrial Hardware
The Industrial Hardware segment consists of Eberhard Manufacturing, Eberhard
Hardware Manufacturing Ltd., Canadian Commercial Vehicles Corporation, Composite
Panel Technologies, Eastern Industrial Ltd. and Sesamee Mexicana, S.A. de C.V.
The units design, manufacture and market a diverse product line of industrial
and vehicular hardware throughout North America. The segment’s locks,
latches, hinges, handles, lightweight honeycomb composite structures and related
hardware can be found on tractor-trailer trucks, moving vans, off-road construction
and farming equipment, school buses, military vehicles and recreational boats.
They are also used on pickup trucks, sport utility vehicles and fire and rescue
vehicles. In addition, the segment manufactures a wide selection of fasteners
and other closure devices used to secure access doors on various types of industrial
equipment such as metal cabinets, machinery housings and electronic instruments.
Eastern Industrial expands the range of offerings of this segment to include
plastic injection molding.
Typical products include passenger restraint locks, slam and draw latches,
dead bolt latches, compression latches, cam-type vehicular locks, hinges, tool
box locks, light-weight sleeper boxes and vents for Class 8 trucks and school
bus door closure hardware. The products are sold directly to original equipment
manufacturers and to distributors through a distribution channel consisting
of in-house salesmen and outside sales representatives. Sales and customer service
efforts are concentrated through in-house sales personnel where greater representation
of our diverse product lines can be promoted across a variety of markets.
The Industrial Hardware segment sells its products to a diverse array of markets,
such as the truck, bus and automotive industries as well as to the industrial
equipment, military and marine sectors. Although service, quality and price
are major criteria for servicing these markets, the continued introduction of
new or improved product designs and the acquisition of synergistic product lines
are vital for maintaining and increasing market share.
Security Products
The Security Products segment, made up of Greenwald Industries, Argo Transdata,
Illinois Lock Company/CCL Security Products, World Lock Company Ltd., Dongguan
Reeworld Security Products Ltd. and World Security Industries Ltd., is a leading
manufacturer of security products. This segment manufactures electronic and
mechanical locking devices, both keyed and keyless, for the computer, electronics,
vending and gaming industries. The segment also supplies its products to the
luggage, furniture, laboratory equipment and commercial laundry industries.
Greenwald manufactures and markets coin acceptors and other coin security products
used primarily in the commercial laundry markets, as well as hardware and accessories
for the appliance industry. In addition, the segment provides a new level of
security for the commercial laundry industry through the use of “smart
card” technology. Argo Transdata supplies printed circuit boards and other
electronic assemblies to Original Equipment Manufacturers (“OEM”)
in industries such as measurement systems, semiconductor equipment manufacturing,
and industrial controls, medical and military markets.
Greenwald’s products include timers, drop meters, coin chutes, money
boxes, meter cases, smart cards, value transfer stations, smart card readers,
card management software, access control units, oven door latches, oven door
switches and smoke eliminators. Illinois Lock Company/CCL Security Products
sales include cabinet locks, cam locks, electric switch locks, tubular key locks
and combination padlocks. Many of the products are sold under the names, SESAMEE®,
PRESTOLOCK® and SEARCHALERT™. These products are sold to original
equipment manufacturers, distributors, route operators, and locksmiths via in-house
salesmen and outside sales representatives. Sales efforts are concentrated through
national and regional sales personnel where greater representation of our diverse
product lines can be promoted across a variety of markets.
The Security Products segment continuously seeks new markets where it can offer
competitive pricing and provide customers with engineered solutions for their
security needs.
Metal Products
The Metal Products segment, based at the Company’s Frazer & Jones
facility, is the largest and most efficient producer of expansion shells for
use in supporting the roofs of underground mines. This segment also manufactures
specialty malleable and ductile iron castings.
Typical products include mine roof support anchors, couplers for railroad braking
systems, support anchoring for construction and couplers/fittings for utility
(oil, water and gas) industries. Mine roof support anchors are sold to bolt
manufacturers while specialty castings are sold to original equipment manufacturers
or machine houses.