Corporate Profile for Applied Tech Products, dated Nov. 16, 2000.Business Editors RADNOR Radnor may refer to:
The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Nov. 16, 2000
Company Name: Applied Tech Products
Address: 100 Matsonford, Five Radnor Corporate Center,
Suite 210
Radnor, PA 19087-4609
Main Telephone
Number: 610-688-2200
Internet Home
Page Address
(URL) www.appliedtechproducts.com
Chief Executive
Officer: Raymond B. Langton, Co-founder
Chief Financial
Officer: Thomas C. Deas Jr.
Investor Relations
Contact: Thomas C. Deas Jr.
Business number: 610-688-2200 x1202
E-mail address: ceagles@appliedtechproducts.com
Public Relations
Contact: John E. Shea, Canon & Shea Associates., Inc.
PR Telephone
Number: 212-564-8822
PR E-mail: canonshea@aol.com
Industry: medical & technology, automotive, engineered
plastics and health and beauty care
Public Company: no
Exchange and
symbol:
Market Makers: N/A
Company
Description: Overview
Applied Tech Products (ATP) is a leveraged build-up initiated by
the principals of Harvey & Company, CEO and Co-founder Raymond Langton
and private equity fund Saunders Karp & Mergue ("SKM") LP. SKM has
committed $100 million of equity to finance the formation and build-up
of ATP. The goal of ATP is to assemble a highly profitable $500
million specialty rubber and plastic components manufacturing business
through the acquisition of businesses within targeted end use markets
and process capabilities.
Industry & Strategy
ATP targets acquisitions of middle-market companies with broad
process and product capabilities that supply customers in attractive,
profitable, end-use markets. The Company's strategy is to leverage its
relationship with customers who are increasingly demanding fewer, more
capable suppliers. ATP intends to capitalize on the extensive
manufacturing capabilities of acquired companies and to position them
for further growth through expanded capabilities, national sales and
marketing efforts, and cross selling within the acquired companies.
Investment Objectives
- Build a highly profitable $500 million rubber and plastic
components manufacturing business
- Invest $100 million in equity capital to properly finance
acquisitions and internal growth
- Continue to develop a growth company track record: -
Consistent growth from existing businesses - Addition of
accretive acquisitions
- Create a balanced portfolio of businesses
ATP serves the medical, telecom, electronic, consumer, industrial,
automotive and health and beauty care markets and has aggregate pro
forma sales in excess of $200 million for the year 2000.
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