Standex International's Business Segments

Standex International Corporation was incorporated in 1975 and is the successor of a corporation organized in 1955. We have paid dividends each quarter since Standex became a public corporation in November 1964.

We are a leading manufacturer of a variety of products and services for diverse commercial and industrial market segments. We have 11 operating segments, aggregated and organized for reporting purposes into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group, Electronics Products Group and Hydraulics Products Group. Overall management, strategic development and financial control are maintained by the executive staff from our corporate headquarters located in Salem, New Hampshire.

Standex International Corporation operates through multiple segments that provide diverse products and services spanning various industries. A detailed overview of the key segments—Food Service Equipment Group, Engraving Group, Engineering Technologies Group, Electronics Products Group, and Hydraulics Products Group—follows:

Food Service Equipment Group
The Food Service Equipment Group is segmented into three primary categories:

1. Refrigeration Solutions: This group focuses on manufacturing walk-in coolers and freezers, as well as cabinet coolers intended for various commercial settings including restaurants, supermarkets, hospitals, and drug stores. In addition to food services, their refrigeration solutions are utilized within life sciences and scientific applications, catering to the needs of laboratory and pharmaceutical environments, including the storage and testing of sensitive biological materials.

2. Cooking Solutions: This division works on a variety of cooking equipment essential for commercial food preparation. The product line includes ovens, fryers, warmers, grills, and other cooking appliances that enhance food preparation efficiency in restaurants, caterers, and institutional cafeterias.

3. Specialty Solutions: This sector covers unique applications, such as specialty pumps for beverage processing and bespoke display merchandising products for retail environments.

Standex’s Food Service Equipment products are established across key commercial environments, ensuring that they meet the industrys essential criteria for food safety, energy efficiency, and equipment reliability. The manufacturing footprint is expansive, with facilities located in the United States (including Wisconsin, Mississippi, South Carolina, Texas), Mexico, and Ireland. Additionally, they operate a culinary demonstration center in Allen, Texas to showcase products and train customers.

Key brands under this segment include:
- NorLake: Known for walk-in coolers and freezers, alongside refrigerated cabinets.
- MasterBilt® and Kool Star®: Focused on refrigerated display units and cabinets.
- APW Wyott® and Bakers Pride®: Offer cooking equipment like ovens and griddles.
- Ultrafryer®: Specializes in commercial deep fryers.
- Federal: Known for merchandising display cases for various food items.
- Procon®: Delivers pump systems for beverage applications.

Engraving Group
Standexs Engraving Group comprises three distinct lines of business:

1. MoldTech: A leading player in texturizing molds used in producing plastic parts, catering primarily to the automotive sector and consumer goods industries. MoldTech’s services interface closely with Original Equipment Manufacturers (OEMs), providing essential texture solutions for components such as dashboards.

2. Rolls Plates and Machinery: This niche division engraves patterns into rolls utilized for texturizing a range of materials including plastics, building materials, and packaging.

3. Innovent: This line provides specialized tools and machines for producing hygiene products that contain absorbent materials.

The Engraving Group leverages its global manufacturing network to service a diverse clientele in industries including automotive, textiles, and electronics. With a focus on establishing greenfield facilities in emerging markets, they aim to expand their presence further.

Key brands include:
- MoldTech®: Provides design and program management for texturizing molds.
- Innovent: Supplies innovative products for the hygiene and aerospace sectors.

Engineering Technologies Group (ETG)
The Engineering Technologies Group specializes in providing critical engineered components mainly using metal forming processes. ETG’s unique offering in net and near net forming minimizes waste, providing customized solutions with a focus on precision.

Applications of ETG technologies span several high-demand sectors:
- Aerospace: Components found in commercial aviation engines.
- Defense and Energy: Including parts used in nuclear defense programs and energy sector applications.
- Medical: Components for MRI machines and related technology.

ETG facilities are located in North America and the UK, with an emphasis on direct sales to OEMs globally.

Electronics Products Group
Standex’s Electronics Products Group manufactures a range of custom magnetic sensing and electromechanical components. Their offerings include reed switches, various types of sensors (fluid level, flow, pressure), and electronic assemblies.

Targeted markets encompass a wide array of applications where precise electronic components are essential. Industries served include transportation, HVAC, security systems, and medical technologies. The manufacturing footprint spans the USA, Canada, Mexico, Germany, the UK, and China, with about half of sales derived from North America.

Key brands in this segment are:
- Standex Electronics: Specializes in custom sensor solutions.
- StandexMeder Electronics: Focusing on magnetic components and connectors.

Hydraulics Products Group
The Hydraulics Products Group focuses on mobile hydraulic cylinders, including single and double-acting solutions. It serves niche applications in various industries like construction, mining, and airline support.

Key offerings include:
- Custom Hoists®: Known for telescopic and piston rod hydraulic cylinders.

Manufacturing occurs in Ohio and China, with sales primarily targeting OEMs in North America, but also with emerging markets in South America and Asia.

In conclusion, Standex International Corporation diversifies its operations across several market segments, making it a robust player in the manufacturing of food service equipment, engraving solutions, engineered components, electronic devices, and hydraulic systems. The company continues to expand through innovation and strategic acquisitions, aligning its products with global market demands and regional characteristics.