BUYS AIM TO CREATE ONE-STOP SPOT SHOP.Byline: Enrique Enrique (IPA [en'ɾike]) is the Spanish form of the name Henry. As a given name, it ranked 298 out of 1219 for males of all ages in the 1990 U.S. Census. Rivero Daily News Staff Writer Consolidation is nothing new to Matthews Matthews may refer to: In places:
In nine years, Matthews has acquired one related company after another in its aggressive quest to become a one-stop one-stop adj. Relating to or providing a comprehensive selection of goods or services at a single location: one-stop shopping; a one-stop health-care center. supplier to entertainment productions across the country. It all started in 1989, when the company went public and raised the money to purchase Hollywood Rental Company, then based in Sun Valley, said Carlos De Mattos, chairman, president and chief executive officer. All told, Matthews - which started life in 1970 as a manufacturer of studio equipment - has acquired some 20 companies around the country, and also has a facility in Rosarito Beach, Mexico, that supplies equipment to the studio 20th Century Fox built to shoot ``Titanic Titanic (tītăn`ĭk), British liner that sank on the night of Apr. 14–15, 1912, after crashing into an iceberg in the N Atlantic S of Newfoundland. More than 1,500 lives were lost. ,'' among other productions. Together, the merged companies supply equipment for movies, television, the stage and special events such as community parades, he said. The company is negotiating to acquire ``several other major companies,'' he said. ``We want to put our eggs into different baskets,'' De Mattos said. ``Everything that takes lighting, we want to be there.'' The acquisitions should also help boost the company's annual results. In fiscal 1997, net earnings were $1.7 million on sales of nearly $46.4 million. De Mattos hopes to end the year with close to $100 million in revenues and, in three years, to see revenues swell to the $300 million mark, he said. COMPANY: Matthews Studio Equipment Group HEADQUARTERS: Burbank TOP OFFICIAL: Carlos D. De Mattos, president, chairman and chief executive officer MARKET CAPITALIZATION Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. : $44 million TICKER SYMBOL Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : MATT |
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