Monarch's Biggest Single Order.
Company president Wayne Hanna, who led a management buyout from Genesis Worldwide Inc. (Dayton, Ohio) in early February, is anxious to publicize the news. Before the buyout, done with Cygnus Management Group (Syracuse, N.Y.), Genesis, having shed its Sidney, Ohio, lathe plant, made moves to signal the future of Monarch had been in question. With the ownership transfer, "the sign of relief was almost audible," according to Hanna, "and our productivity in the first two months has been outstanding."
Monarch Machine Tool, Inc. Cortland, N.Y. 607-753-6001.
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|Publication:||Metalworking Insiders' Report|
|Date:||Apr 15, 2000|
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