Standex International (NYSE:SXI), based in Salem, NH, manufactures a variety of products and services for diverse market segments.
The Company has 11 operating units, organized into five reporting segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group, Electronics Group and Hydraulics Group.
Through the Company’s strategy, Standex leverages the combined strengths of its businesses to better penetrate current markets and to enter new geographic and vertical markets. Standex will also continue to acquire businesses that are synergistic with its current operating groups, and that can quickly contribute to profitability.
The Company employs approximately 3,800 men and women throughout the U.S. and in several foreign countries. International locations include Australia, Brazil, Canada, China, Europe, Mexico, India, Turkey, South Africa, South Korea, Russia, Malaysia and Singapore.
Since its founding in 1955, Standex has become known for its ability to acquire and effectively manage superior companies in diverse markets. Standex’s diversification across multiple lines of business has enabled the Company to achieve earnings consistency throughout market and economic cycles.