Doehler-Jarvis actively evaluating market position options; may seek new investors, business combination, strategic alliance.TOLEDO Toledo, city, Spain Toledo, city (1990 pop. 60,671), capital of Toledo province, central Spain, in Castile–La Mancha, on a granite hill surrounded on three sides by a gorge of the Tagus River. , Ohio--(BUSINESS WIRE)--Jan. 10, 1995--Doehler-Jarvis, Inc. announced today it is actively evaluating its overall market position and global competitiveness. As part of the process, the company anticipates considering various alternatives that may include a business combination, pursuing additional investments, long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. contractual arrangements or other strategic alliances. Doehler-Jarvis has retained BT Securities Corporation as its financial advisor to assist the company in this process. Vincent J. Naimoli, chairman 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. of Doehler-Jarvis, stated: "No decision has been made with respect to any alternatives, but the nature of our industry--including customer demands and global competition--requires that Doehler-Jarvis evaluate these alternatives in order to be in a position to continue to be a significant factor in the aluminum castings industry. Our competitors are not standing still and neither can we." Doehler-Jarvis is the largest independent manufacturers of aluminum castings 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. , specializing in complex, high-volume aluminum castings for use in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. .
CONTACT: Gary E. Rohrs Joel Pomerantz
Doehler-Jarvis, Inc. or The Dilenschneider Group
419/470-8010 212/922-0900
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