Business Services Industry
Doehler-Jarvis actively evaluating market position options; may seek new investors, business combination, strategic alliance
Business Wire, Jan 10, 1995
TOLEDO, Ohio--(BUSINESS WIRE)--Jan. 10, 1995--Doehler-Jarvis, Inc. announced today it is actively evaluating its overall market position and global competitiveness.
As part of the process, the company anticipates considering various alternatives that may include a business combination, pursuing additional investments, long-term contractual arrangements or other strategic alliances. Doehler-Jarvis has retained BT Securities Corporation as its financial advisor to assist the company in this process.
Vincent J. Naimoli, chairman and CEO of Doehler-Jarvis, stated: "No decision has been made with respect to any alternatives, but the nature of our industry--including customer demands and global competition--requires that Doehler-Jarvis evaluate these alternatives in order to be in a position to continue to be a significant factor in the aluminum castings industry. Our competitors are not standing still and neither can we."
Doehler-Jarvis is the largest independent manufacturers of aluminum castings in North America, specializing in complex, high-volume aluminum castings for use in the automotive industry.
CONTACT: Gary E. Rohrs Joel Pomerantz
Doehler-Jarvis, Inc. or The Dilenschneider Group
419/470-8010 212/922-0900
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