Andlinger & Company, Inc. Affiliate Invests in Lapp Insulators LLC.TARRYTOWN, N.Y. -- Gerhard Andlinger, Chairman, Andlinger & Company, Inc. announced that an affiliate of the firm has made an investment to acquire a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Lapp Insulators LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Lapp, based in LeRoy, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is a world-leading manufacturer and marketer of high-voltage insulators for the power industry. Financial details of the transaction were not disclosed. Lapp manufactures both ceramic This article is about ceramic materials. For the fine art, see Ceramic art. The word ceramic is derived from the Greek word κεραμικός (keramikos). and composite insulators for applications ranging from 15 kilovolts to 765 kilovolts and has factories in LeRoy, New York, Sandersville, Georgia Sandersville is a city in Washington County, Georgia, United States. The population was 6,144 at the 2000 census. The city is the county seat of Washington CountyGR6. , and Wunsiedel, Germany. Andlinger's investment will be used by Lapp to improve and grow its existing operations and to expand into new geographic markets. The current shareholders of Lapp will remain with the recapitalized company, and management will retain their current positions. "We are eager to aggressively implement our strategic initiatives with the support of our new partners from Andlinger & Company," stated John Hurshman, President of Lapp. "Andlinger & Company has a history of building enduring profitability in the companies in which they have invested. Furthermore, they have a strong global outlook and we look forward to working with them to grow our business." "Lapp Insulators is a company with a rich history and respect in the industry it serves. We are pleased to support Lapp's strong management team as they build upon that legacy," said George Doomany, Managing Director of Andlinger & Company, Inc. The website for Lapp Insulators LLC can be found at www.lappinsulator.com. Andlinger & Company, Inc. is an international private investment and management firm, founded by Gerhard Andlinger in 1976. Andlinger & Company has offices in Tarrytown, New York Tarrytown is a village in Westchester County, New York, United States. The population was 11,090 at the 2000 census. The Village of Tarrytown is located in the northwest part of the Town of Greenburgh, New York. , Vero Beach, Florida Vero Beach is a city in Indian River County, Florida, USA. According to the U.S. Census Bureau's 2006 estimates, the city had a population of 19,916.[2] It is the county seat of Indian River CountyGR6. , Brussels, Belgium, Vienna, Austria, and Shanghai, China. The Andlinger & Company, Inc. website can be found at www.andlinger.com. For further information, contact George Doomany, Managing Director, Andlinger & Company, Inc. at (914) 332-4900 or gdoomany@andlinger.net. For more information on Gerhard Andlinger, please visit www.gerhardandlinger.com. |
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