Casco Products Acquires Schoeller & Co., German Automotive Products Supplier.BRIDGEPORT, Conn.--(BUSINESS WIRE)--June 22, 1999-- Casco Products Corporation, a subsidiary of Sequa Corporation, has completed the purchase of Frankfurt, Germany-based Schoeller & Co. GmbH, a supplier of automotive cigarette lighters, power outlets and other automotive products. Terms of the transaction are not being disclosed. The addition of Schoeller represents a continuation of Casco Products' multi-year program to further its presence in key international markets and build on its position among global car companies as a reliable source of high quality automotive products. Earlier, Casco Products acquired a cigarette lighter operation in Italy and added a production facility in Brazil. The newly acquired unit, which will be known as Casco Schoeller GmbH, operates from a 100,000 square foot facility in Frankfurt, Germany. The site will also house Casco's European technical center, adding a critical element of customer support and product enhancement. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Casco Products operates two manufacturing facilities -- one in Bridgeport, Connecticut “Bridgeport” redirects here. For other uses, see Bridgeport (disambiguation). Bridgeport is the most populous city in the U.S. state of Connecticut, and the fifth-largest city in New England. , and another in Morgantown, Kentucky Morgantown is the county seat of Butler County, Kentucky, United StatesGR6. The population was 2,544 at the 2000 census. History The etymology of the town's name is uncertain. -- and maintains a customer service office in suburban Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait . Casco manufacturing facilities have earned product quality designations, including QS 9000, AVS (Audio Video Coding Standard) A video compression technique developed by Chinese companies and supported by the Chinese government. Expected to provide better compression than MPEG-2, AVS was created to avoid paying royalties to the MPEG licensors, which are outside Q and Ford Q1. The Bridgeport plant has also achieved certification under ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 14000, and the company is working toward certification of all other plants under this international continuous improvement standard. Sequa Corporation is a diversified, technology-driven manufacturer whose operations cross a wide range of markets. In addition to the automotive products provided by Casco Products, Sequa's other operations include the repair and manufacture of components for jet engines; the production of rocket propellant pro·pel·lant also pro·pel·lent n. 1. Something, such as an explosive charge or a rocket fuel, that propels or provides thrust. 2. and gas generators for missiles and space applications; the supply of chemicals for laundry detergents and industrial bleaching processes; the manufacture of machinery for two-piece can forming and decorating; the coating of metal coil for building products and other uses; the manufacture of auxiliary printing equipment and industrial dryers; and the manufacture of men's formalwear. |
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