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
COPYRIGHT 1995 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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