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Home > Company Index > Manufacturing > Miscellaneous Electrical Products > The Cherry Corporation

The Cherry Corporation
 PROFILE
It's no lie: The Cherry Corporation has been cutting down its product-tree. Specifically, Cherry has sold its semiconductor business (to ON Semiconductor for around $250 million) to focus on its core product lines: automotive and other types of switches and modules and computer keyboards. Switches made by the company's Cherry Automotive division are used in everything from car locks to sunroofs and cruise controls. The company's Cherry Electrical Products unit makes high- and low-current switches for appliances, vending equipment, industrial controls, and office equipment. Chairman and president Peter Cherry and other Cherry family members took the company private in 2000 after completing a cash tender offer.

 COMPETITION
Eaton Corporation (ETN)
Key Tronic Corporation (KTCC)
Molex Incorporated (MOLX)

 FINANCIAL OVERVIEW
Fiscal Year-End: February
2000 Sales (mil.): 360.70
1-Yr. Sales Growth: (24.1)%
Employees: 3,424
Revenue per employee: $105,344.63

 KEY PEOPLE
• Peter B. Cherry
    CEO
• Dan A. King
    CFO

 CONTACT INFO
3600 Sunset Ave.
Waukegan, IL 60087
US
Phone: 847-662-9200
Fax: 847-360-3508
Online: Web Site

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