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Standex International (NYSE:SXI), based in Salem, New Hampshire, is a diversified manufacturing and marketing company with operations in three product segments: Industrial Products, Food Service, and Consumer Products. Standex operates
14 businesses with 70 facilities located throughout the U.S. and in
17 countries including Western Europe, Canada, Australia, Singapore,
Mexico, Brazil and China. Its products are marketed throughout the world.
Over the 49 years since its founding, Standex has become known for its ability to acquire and effectively manage superb companies in diverse markets. While the Standex portfolio of companies remains diverse, providing value-added engineered products and customer solutions has emerged in recent years as the core competency that has driven Standex's greatest successes. The Company's new growth strategy, called Focused Diversity aims at leveraging this competency internally and through complementary acquisitions.
In pursuing its Focused Diversity strategy, Standex will continue to maintain a broad portfolio of businesses. The Company's diversity has allowed Standex to weather cyclical downturns in specific market segments while maintaining an enviable record of stable, long-term growth and profitability. Looking forward, by focusing its portfolio on businesses that provide customer-driven engineered product solutions, the Focused Diversity strategy will enhance Standex's ability to translate the strengths of each business into synergistic opportunities that elevate the Company's performance as a whole. The Standex corporate structure supports this new growth strategy by nurturing synergies across the organization, while also fostering and enabling a strong entrepreneurial spirit at the individual company management level.
The Company's growth strategy and organizational structure position Standex to continue its long record of consistently generating value for its shareholders. In
October 2004, Standex declared its 161 consecutive quarterly dividend. The Company has paid dividends each quarter since it became a public corporation in November 1964, and has increased its dividend 35 times.
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