Standex International Corp was incorporated in 1975 and is the successor of a corporation organized in 1955. The Company is a manufacturer of products and services for diverse industrial market segments. It has 11 operating segments, aggregated and organized for reporting purposes into five segments: Food Service Equipment Group, Engraving Group, Engineering Technologies Group and Electronics and Hydraulics Group. Overall management, strategic development and financial control are maintained by the executive staff from its corporate headquarters located in Salem, New Hampshire. The Company's food service equipment businesses are broad-line manufacturers of commercial food service equipment which includes products on the 'cold' or in the refrigerated segment of food service applications and on the 'hot' in the cooking segment of the market. Its brands and products include: Master-Bilt refrigerated cabinets, cases, display units, and walk-in coolers and freezers; Nor-Lake, Incorporated and Kool Star refrigerated walk-in coolers, freezers, refrigeration systems and cases to meet food service and scientific needs; APW Wyott, American Permanent Ware, Bakers Pride and BevLes commercial ovens, griddles, char broilers and toasters used in cooking, toasting, warming and merchandising food; American Foodservice custom-fabricated food service counters, buffet tables and cabinets; Barbecue King and BKI commercial cook and hold units, rotisseries, pressure fryers, ovens and baking equipment; Federal Industries merchandizing display cases; and Procon rotary vane pumps used in beverage and industrial fluid handling applications. The Company's products are used throughout the entire food service process; from storage, to preparation, to cooking and to display. The Company's Engraving Group is engaged in texturizing molds used in the production of plastic components, giving the final product the cosmetic appearance and appeal that its consumers require. It provides texturizing services for molds used to produce plastic components used in automotive applications and consumer products including toys, computers and other electronics devices. The Company's Engineering Technologies Group, consists of the spincraft unit, with locations in North Billerica, Massachusetts and New Berlin, Wisconsin, and Metal Spinners Group, located in Newcastle, UK. The group provides single-source customized solutions using variety of world-class precision manufacturing capabilities, including metal spinning, heat treating, machining, press forming and other fabrication services for virtually all workable metal alloys. The Electronics Products Group consists of Standex Electronics and Standex Meder Electronics, which manufactures reed switches, electrical connectors, sensors, toroids and relays, fixed and variable inductors and electronic assemblies, fluid sensors, tunable inductors, transformers and magnetic components. The Hydraulics Products Group is a leader in mobile hydraulic cylinders including single or double acting telescopic and piston rod hydraulic cylinders. The Company holds approximately 70 United States patents and patents pending covering processes, methods and devices and approximately 30 United States trademarks. Competitors include domestic and foreign producers of the same and similar products. The Company is subject to a variety of environmental laws relating to the storage, discharge, handling, emission, generation, use and disposal of chemicals, hazardous waste and other toxic and hazardous materials used to manufacture, or resulting from the process of manufacturing, its products.