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: History
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Standex is the quintessential New England company, with deep local roots, a culture of stability and a commitment to conservative management. Our Company was founded in 1955 by John Bolten, a successful German entrepreneur. Originally, he was in the business of manufacturing plastic combs in Andover, Massachusetts. That business evolved into a vinyl sheeting company, which he operated under the name of Bolta Plastics. Bolten sold Bolta Plastics to General Tire Company, providing the capital for his acquisition of the Standard Publishing Company, a Cincinnati, Ohio-based publisher of religious books and magazines, and Roehlen Engraving, a Rochester, New York-based engraver of embossing plates and rolls for texturization. The two businesses were merged to form Standard International, later renamed Standex International Corporation.
Our stability is manifested throughout our organization. Many of our first employees joined us from Bolta Plastics. Many of the businesses we acquired in the early years continue as part of the Standex enterprise. Our present headquarters building in Salem, New Hampshire is but a few miles from our original location in Andover. Standex has had only four CEOs in its history: Dan Hogan, Mr. Bolten’s son-in-law; Tom King, Ted Trainor, our current Chairman; and Roger Fix, our current President and Chief Executive Officer.
Over the years, we have built a unique history and a rich legacy of diversity by acquiring a wide range of companies or businesses. Our company contributed to the early development of a famous designer’s clothing empire; we made Lestoil a household name on six continents; and we participated in writing instruments manufacturer A.T. Cross becoming a public company. Along the way, Standex – the corporate name we adopted in 1973 – increasingly came to be known for its engineering capabilities. Today, we operate manufacturing plants, distribution facilities and retail stores throughout the U.S., Australia, Brazil, Canada, China, Mexico, Singapore and Western Europe. At our last fiscal year end (June 30, 2007), we numbered 5,500 employees, of which 3,000 were in the U.S. We are proud of our 43-year history as a public company and 36-year history with a New York Stock Exchange listing, where we have one of the longest uninterrupted records of paying quarterly dividends.
Having completed our multi-year restructuring and realignment program, Standex is well positioned to take advantage of new opportunities and to deliver superior returns to its investors.
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