Southern California Aerospace Company Changes Ownership and Name.LOS ANGELES--(BUSINESS WIRE)--Sept. 12, 1997--Mentmore Holdings Corp., together with the senior management of Kleinert Industries Inc., Friday announced their recently completed acquisition of Stellex Aerospace of Woodland Hills, Calif. Stellex, formerly known as Kleinert Industries, with annual sales of $32 million, has four Southern California-based operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. serving the commercial and military aviation, defense and space industries. Richard L. Kramer, chairman of Mentmore Holdings, said, "Mentmore has been seeking an entry into the aerospace arena and the investment in Stellex accomplishes that goal." Bradley C. Call, president and chief executive officer of Stellex, said, "We are enthusiastic about the accelerated internal growth and acquisition strategies made possible by our partnership with Mentmore." Stellex has four operating subsidiaries. Paragon Precision Products is a precision machining and manufacturing operation for turbo-machinery and engine components for rocket engine, gas turbine engine and other applications. Bandy bandy /ban·dy/ (band´e) bowed or bent in an outward curve. Machining International is the world's leading manufacturer of structural aircraft hinges and related aircraft components. General Inspection Laboratories is a full-service non-destructive testing laboratory. SEAL Laboratories is an internationally recognized independent failure analysis and destructive physical analysis consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a and laboratory dealing with investigation, analysis and prevention of product failure. Mentmore Holdings, based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is a privately held investment company with interests in the steel, plastic moldings, aerospace, real estate and insurance industries. 1996 revenues for Mentmore's combined corporations exceeded $1 billion. CONTACT: Carl Terzian Associates, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Mike McGrath Michael ("Mike") McGrath is Montana's current attorney general. He was elected in November 2000, and was unopposed for his second term in 2004. He is a member of the Montana Democratic Party. He is a veteran of the United States Air Force. , 310/207-3361 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion