Bell & Howell Merges with Bowe Systec.Business Editors CHICAGO--(BUSINESS WIRE)--Jan. 14, 2003 Two leading companies combine to form significant North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. player Bell & Howell Company and Bowe Systec AG have announced the merger of Bowe's North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. with Bell & Howell. Under the agreement, Bowe becomes a 50% partner in Bell & Howell with Glencoe Capital, the Chicago-based private equity firm that led the leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. of Bell & Howell in 2001. The newly merged company, to be called Bowe Bell + Howell, will be a leading provider of production mail processing systems in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "The combined businesses will benefit customers by making available to them the best of both product lines," said George E. Marton, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bell & Howell. "Those products will be supported by the largest and most professional service organization serving the mailing industry in the US and Canada." Dr. Claus Gerckens, Chairman and CEO of Bowe Systec, agreed. "This jointly owned company will apply its combined resources to developing state-of-the-art products and services that bring productivity improvements to mailers and postal authorities." Glencoe Capital has overseen the complete revitalization of Bell & Howell since acquiring it. David S. Evans, Chairman of Glencoe Capital, notes, "The company's strong performance has made this combination with Bowe possible." Evans will also become Chairman of the Board of Bowe Bell + Howell. Bell & Howell Company, headquartered in Lincolnwood, Illinois Lincolnwood (formerly Tessville) is a village in Cook County, Illinois, United States. The population was 12,359 at the 2000 census. Geography Lincolnwood is located at (42.005331, -87.734283)GR1. , is a leading North American provider of inserting, sorting, scanning, and postal automation systems. Bowe Systec AG, headquartered in Augsburg, Germany, is a leading global provider of paper management systems, including inserters, folders, and cutters. About Glencoe Capital Glencoe Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is a private equity firm focused on the middle market with over $750 million of capital under management. Through the Glencoe Capital Partners Funds, the firm acts as the lead sponsor in buyouts and recapitalizations of public and private companies with market values between $50 million and $350 million. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion