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  September 5, 2001
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Home > Company Index > Manufacturing > Hardware & Fasteners > PennEngineering

PennEngineering
NYSE: PNN
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 PROFILE
PennEngineering's self-clinching fasteners help fabricators of sheet metal get a grip. The company's largest division, PEM Fastening, makes PEM-brand self-clinching, broaching, and insert fasteners (more than 80% of sales) for the computer, data communications, telecom, and electronics industries. The company also sells installation equipment (PEMSERTER) for its fasteners. Through its Pittman division, PennEngineering produces magnetic DC motors for use in archival storage, printing, copying, and robotic equipment. The company sells through independent distributors and its Arconix division, which oversees marketing and warehousing operations in Singapore, the UK, and the US. The US accounts for 78% of sales.

 COMPETITION
Fastenal Company (FAST)
Illinois Tool Works Inc. (ITW)
SPS Technologies, Inc. (ST)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 264.60
1-Yr. Sales Growth: 33.6%
Employees: 1,657
Revenue per employee: $159,686.18

 KEY PEOPLE
• Kenneth A. Swanstrom
    CEO
• Mark W. Simon
    CFO

 CONTACT INFO
5190 Old Easton Rd.
Danboro, PA 18916
US
Phone: 215-766-8853
Fax: 215-766-3633
Online: Web Site

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