Coltec Acquires Danti Tool and Die Inc.CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 1, 1997--Coltec Industries (NYSE NYSE See: New York Stock Exchange :COT) has acquired Danti Tool and Die, Inc., which designs, engineers and manufactures tooling used in a broad spectrum of industrial applications. Danti, which has approximately $5 million in annual sales and 55 employees, operates plants in Saginaw Saginaw, city, United States Saginaw (săg`ĭnô), city (1990 pop. 69,512), seat of Saginaw co., S Mich., on the Saginaw River, 15 mi (24 km) from its mouth on Saginaw Bay (an inlet of Lake Huron); settled 1816, inc. 1857. and Standish, Michigan Standish is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 1,581. It is the county seat of Arenac County6. Geography According to the United States Census Bureau, the city has a total area of 5.5 km² (2.1 mi²), all land. . These facilities will become part of Coltec's Haber Tool operation, based in Detroit. Fred H. Alcock, vice president and general manager of Haber Tool, said, "Danti produces many of the tooling products that our existing customer base utilizes. This acquisition increases Haber's sales by 50% and will help us extend our product offerings and better meet our customers' needs. Danti's products will be sold through our existing distribution channels." Coltec Industries is a diversified diversified (di·verˑ·s manufacturing company serving primarily aerospace and general industrial markets. CONTACT: Coltec Industries Michael Dunn Michael Dunn (born Gary Neil Miller, reportedly on February 7, 1934 in Shattuck, Oklahoma; died August 30, 1973 in London) was a successful "little person" American actor. , 704/423-7060 |
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