Schindler Enterprises, Inc. Acquires Slade Industries, Inc.MORRISTOWN, N.J. -- Schindler Enterprises, Inc., the U.S. holding company of Schindler Group, one of the world's leading elevator elevator, in machinery elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships, and escalator escalator Moving staircase used as transportation between floors or levels in stores, airports, subways, and other mass pedestrian areas. The name was first applied to a moving stairway shown at the Paris Exposition of 1900. manufacturers, has completed the purchase of Slade Industries, Inc. The acquisition enables Schindler to expand its portfolio in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . Slade Industries, Inc. will continue to operate under its existing name. The financial terms of the acquisition were not disclosed. Capital Markets Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , served as business consultants to the transaction. Slade, an elevator company operating in the New York/New Jersey area, focuses on elevator modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, , service and repairs. Founded in 1911, the company has operated under the current ownership for nearly 20 years. Its acquisition enables Schindler to expand its presence in these markets. "We at Schindler are very enthusiastic about this acquisition," said John Impellizzeri, Vice President of Schindler Enterprises. "We anticipate the current management team remaining on board to help lead Slade into this exciting new chapter in its history." "Slade chose to associate with the Schindler Group because it shares our commitment to providing the highest quality service and satisfaction to customers," said Michael Todd, president of Slade Elevator. "The fact that Schindler employs cutting-edge technology in their service delivery efforts was also a great incentive for us." About Slade Industries, Inc. Slade services, repairs and modernizes passenger and freight elevators throughout the New York metropolitan area. Founded in 1911, the business was purchased by the current owners from the founding family in 1986. Headquartered in Ridgefield Park, New Jersey Ridgefield Park is a village in Bergen County, New Jersey, United States. The population was 12,873 at the 2000 census. Out of 566 municipalities statewide, Ridgefield Park is only one of four villages in New Jersey, joining Loch Arbour, Ridgewood and South Orange. , Slade employs a highly trained group of field technicians and support staff. About Schindler The Schindler Group of companies manufactures, installs, services and modernizes a broad range of elevators, escalators and moving walks for various people-moving applications. Schindler Enterprises, Inc. is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. holding company of the Swiss-based Schindler Group, the world's largest escalator manufacturer and the second largest elevator manufacturer. For additional information about Schindler, visit the company's Web site at www.schindler.com. |
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