Standex Engineering Technologies Group – Experts in metal fabrication.
Standex Engraving Group – You experience our textures each day.
Standex Electronics Group – Custom-engineered solutions for tomorrow.
Standex Food Service Group – Innovation for food service professionals.
Standex Hydraulics Group – Ultimate in hydraulic cylinder performance.
Standex International Corporation is a diversified global manufacturing company operating in five segments, including Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics. The company’s market-leading brands are recognized for quality and innovation.
Standex’s business strategy centers on operating fewer, more profitable business units. Since 2000, Standex has leveraged its expertise in acquiring companies and divesting non-core businesses to implement a broad portfolio restructuring. The company divested eight businesses and 20 properties totalling approximately $366 million of 2000 revenue for gross proceeds of $125 million. At the same time, Standex employed the cash generated from divestitures to add 18 businesses through bolt-on strategic acquisitions that today contribute approximately $274 million in annual sales.
Standex is focused on generating strong operating leverage through a strict adherence to operational excellence across the organization. The company’s efforts include implementing continuous improvement initiatives to reduce costs and working capital; using Lean enterprise as a key implementation tool; leveraging operational synergies across and within business groups; and migrating manufacturing to lower-cost locations globally.
Standex’s organic growth initiatives have been contributing positively to sales, and the company expects this success to continue to build. These organic growth initiatives include new customer programs and innovative new products as a result of the collaborative relationship between Standex and its customers. Standex also is growing sales organically by broadening its presence geographically in each business segment and by entering adjacent markets and cross selling within segments.