Ferry Industries Buys FSP Machinery.
Ferry Industries, Inc., Stow, Ohio Stow is a city in Summit County, Ohio, United States. The population was 32,139 at the 2000 census, and 34,404 as of 2005. It is a suburb of Akron, located adjacent to several other suburban communities in Summit and Portage counties. , reportedly the world's leading producer of rotomolding machinery, has purchased another maker of such equipment, FSP FSP - File Service Protocol Machinery (Canada) Inc., Winkler, Manitoba. Ferry has formed a new company called FSP International Inc., which will operate as a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
Notes:
In other words, the parent company owns the company outright and there are no minority owners. .
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