| Business Summary | | Sames
Corporation
and
its
subsidiaries
are
engaged
in
the
manufacture
and
sale
of
electrostatic
spray
finishing
and
coating
application
equipment.
The
Company
serves
its
primary
geographic
markets
in
Europe,
North
and
South
America
and
the
Pacific
Rim
through
an
extensive
network
of
direct
sales,
distributors,
agents
and
systems
integrators.
The
Company
generates
over
70%
of
its
sales
outside
the
United
States
and
sells
its
products
primarily
to
the
automotive
industry
and
general
industrial
finishing
and
automotive
refinishing
markets.
The
Company
divides
its
electrostatic
products
into
two
general
groups,
standard
products
and
engineered
systems.
In
addition,
new
pollution
control
products
are
an
emerging
third
group.
In
July
2001,
the
assets
of
Sames,
S.A.
were
sold
to
Exel
Industries.
In
August
2001,
the
Company
filed
a
voluntary
petition
under
Chapter
7
of
the
United
States
Bankruptcy
Code
in
the
United
States
Bankruptcy
Court
for
the
Northern
District
of
Illinois. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sames
Corporation
manufactures
and
sells
spray
finishing
and
coating
applicable
equipment.
The
Company's
products
include
spray
guns,
spray
booths,
and
spray
painting
robots.
For
the
three
months
ended
3/31/01,
net
sales
decreased
36%
to
$14.4
million.
Net
loss
from
continuing
opts.
totaled
$1.5
million
vs.
an
income
of
$243
thousand.
Revenues
reflect
lower
sales
of
large
automotive
engineered
systems.
Net
losses
reflect
higher
operating
expenses
as
a
%
of
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Arnold Dratt, 55 Chairman,
Pres, CEO | $517K | Philippe Vuillerme, 47 COO,
Director | -- | G. Bryan, Jr., 44 VP
of Engineered Systems | 179K | Ronald Koltz, 50 VP
- Controller Corp. Accounting | 123K | Todd Vaughan, 41 VP,
Gen. Mang. of Sames North America, Inc. | 216K | Dollar
amounts are as of 30-Nov-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
|
|