| Business Summary | | Allied
Products
Corporation,
prior
to
2000,
was
divided
into
two
business
segments,
the
Agricultural
Products
Group
and
the
Industrial
Products
Group.
The
Industrial
Products
Group
manufactures
large
metal
stamping
presses,
and
consists
of
the
Verson,
Precision
Press
Industries,
Verson
Pressentechnik
and
the
Verson
Standard
Products
Division
operations.
Coz
division,
which
was
part
of
the
Industrial
Products
Group,
supplied
thermoplastic
compounds
and
additives.
The
Company's
Agricultural
Products
Group,
which
manufactured
implements
and
machinery
used
in
agriculture,
landscaping
and
ground
maintenance
businesses,
was
sold
subsequent
to
the
end
of
1999.
In
the
Spring
of
2000,
Allied
Products
re-entered
the
small-tonnage
segment
of
the
stamping
equipment
market
by
establishing
the
Verson
Standard
Products
Division
(SPD). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ADPC,
through
Verson,
Precision
Press
Industries,
Verson
Pressentechnik
and
the
Verson
Standard
Products
Division,
manufactures
large
metal
stamping
presses.
For
the
six
months
ended
6/30/00,
net
sales
fell
60%
to
$32.8
million.
Net
loss
from
continuing
operations
fell
23%
to
$15.7
million.
Revenues
reflect
the
discontinuing
of
Agricultural
Products
Group's
operations.
Lower
loss
reflects
a
decrease
in
selling,
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Richard Drexler, 52 Chairman,
Pres, CEO, Chief Financial Officer | $541K | Mark Standefer, 45 Sr.
VP, CAO | 173K | John Hinnendael, Jr., 42 VP,
CAO | -- | Robert Fleck, 52 VP,
Accounting | 176K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|