STANDARD PRODUCTS' HOLM INDUSTRIES SUBSIDIARY ACQUIRES JARROW PRODUCTS INC.
STANDARD PRODUCTS' HOLM INDUSTRIES SUBSIDIARY ACQUIRES JARROW PRODUCTS INC. CLEVELAND, Sept. 18 /PRNewswire/ -- The Standard Products Co. (NYSE: SPD) today announced that its Holm Industries, Inc. subsidiary has acquired Jarrow Products Inc. Jarrow Products, with $12 million in sales, is a leader in magnetic and foam weatherstrip for exterior steel doors and appliance gaskets for the commercial refrigeration industry. Holm Industries' President Stephan J. Mack said, "Jarrow has built a specialized niche market through outstanding quality, service and delivery. "They have also developed special expertise in polyurethane foam weatherstripping for exterior residential doors and a wide range of rigid and dual durometer extrusions for manufacturing OEMs." He added that almost all of Jarrow's 150 employees in Chicago and in St. Charles, Ill. will continue as employees of a separate operating division of Holm Industries. Holm Industries, Inc. is a supplier of extruded plastic and magnetic door seals for use in home appliances and residential exterior steel doors. Cleveland-based Standard Products manufactures rubber and plastic parts for the automotive original equipment industry, and plastic and magnetic door seals for home appliances. Its Oliver Rubber subsidiary is a producer of tread rubber for truck tire retreading. -0- 9/18/92 /Contact: Aubrey E. Arndt of The Standard Products Co., 216-281-8300; or William L. Dupuy of Edward Howard & Co., 216-781-2400, for The Standard Products Co./ (SPD) CO: The Standard Products Company; Jarrow Products Inc. ST: Ohio; Illinois IN: AUT SU: TNM
BM -- CL018 -- 1221 09/18/92 15:05 EDT
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|Date:||Sep 18, 1992|
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