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  September 5, 2001
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Home > Company Index > Automotive & Transport Equipment > Auto Parts > Margate Industries, Inc.

Margate Industries, Inc.
Nasdaq (SC): CGUL
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 PROFILE
It's the same old grind at Margate Industries. The company and its subsidiaries finish gray iron castings by grinding, cleaning, and testing them before they're shipped to automakers and other component manufacturers in the US and Canada. Margate's biggest customer is former subsidiary and iron castings maker New Haven Foundry, which accounts for about 48% of sales. Margate's subsidiaries,Yale Industries and Fort Atkinson Industries, provide finishing work and water testing on castings. Margate is being acquired by c-Spectra, Inc (formerly B2B EURO wireless.com), a company that offers B2B trading via wireless equipment. Director Frederick Schriever and Patricia Schriever own almost 18% of the company.

 COMPETITION
Citation Corporation (dossier)
Intermet Corporation (INMT)
Precision Castparts Corp. (PCP)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 10.80
1-Yr. Sales Growth: 10.2%
Employees: 192
Revenue per employee: $56,250.00

 KEY PEOPLE
• William H. Hopton
    CEO
• Denis R. LeDuc
    CFO

 CONTACT INFO
129 N. Main St.
Yale, MI 48097
US
Phone: 810-387-4300
Fax: 810-387-3719

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