Day International Group, Inc. Sells Textile Products Group to Saurer.DAYTON, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. -- Please replace the release dated May 10, 2006 with the following corrected version due to multiple revisions. The corrected release reads: DAY INTERNATIONAL GROUP, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . SELLS TEXTILE PRODUCTS GROUP TO SAURER On May 9, 2006, Day signed a purchase contract to sell 100% of its Textile Products Group to certain affiliates of Saurer, AG. The sale is expected to be completed in approximately 30 days. Closing of the transaction is subject to approval by the respective antitrust commissions. Day's Textile Products Group employs approximately 270 full-time associates and generated sales of approximately $45 million in 2005. The Company's production facilities are located in Munster, Germany and Greenville, SC, USA. In addition, it has sales offices in Italy, Turkey and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . Day's Textile Products Group is the world's largest supplier of consumable, precision-engineered rubber cots (rollers), aprons (flexible belts), compressive com·pres·sive adj. Serving to or able to compress. com·pres sive·ly adv. shrinkage belts and other fabricated rubber products for the yarn spinning and glass-fiber-forming industries. Its primary products, cots and aprons, are used in the drafting process of ring-spinning machinery. Day's Textile Products Group has been manufacturing and marketing its products for over 65 years. Day's President and 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. , Dennis Wolters, stated, "Day views this transaction as an opportunity to focus on our core image transfer business while aligning our Textile Products Group with a market-leading global company that is focused on providing its customers with full service textile solutions." Day International produces and distributes highly engineered consumable products for offset, flexographic and digital printing processes. The company has developed a strong presence worldwide in the manufacturing and marketing of high-quality printing blankets, sleeves, and pressroom chemistry. Day International, a privately owned company, was founded in 1905 in Dayton, Ohio. The company operates production, sales and distribution centers 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. , Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Europe and the Pacific Rim. Product lines include dayGraphica(R) brand printing blankets and sleeves, david M(R) brand printing blankets, Varn(R) brand pressroom chemicals, day-Corr(R) die cutting blankets, Day-Flo(R) pre-inked rolls and Rotec(R) flexographic sleeves. |
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