Manufacturing Industry
Hitco promotes Pendorf.(Brief Article)
Plastics News, September, 2001 by Renstrom, Roger
Paul W. Pendorf has assumed management duties at Hitco Carbon Composites Inc. of Gardena, Calif., and acquired a substantial minority ownership. Pendorf recently was named president and chief executive officer and elected a director. SGL Carbon AG of Wiesbaden, Germany, sold a portion of its Hitco ownership but retained control of the business as a subsidiary.
Terms were not disclosed. ``Hitco remains a strategic part of SGL Carbon's group of specialty technology companies,'' Jan Verdenhalven, an SGL managing director and Hitco chairman, said in a news release. Hitco employs 250, owns a complex of buildings on 28 acres and makes structural composites and high-temperature materials. Products include rocket-motor nozzles, aircraft carbon/carbon brakes,...
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