Chicago Rivet & Machine

John Wolz

Chicago Rivet & Machine
2001 Revenue$40.4 million
2000 Revenue $45.4 million
2001 Closing PriceN/A
2000 Closing Price16.88

Co.�s 2001 sales and profits fell, but the first quarter of 2002 net income rebounded 84% from the same period of 2001. Income totaled $625,116 despite sales edging down 1.7% to $10.5 million.
Naperville, IL-based Chicago Rivet produces rivets, rivet-setting machines, parts and tooling for the automotive and appliance industries.
Net income dropped from $3.5 million for 1999 to $2.7 million in 2000.
Chicago Rivet relies primarily on independent sales representatives.
As a supplier mainly to domestic automotive and appliance industries, Chicago Rivet�s sales are closely related to U.S. business activity.
No customer, raw material supplier or competitor dominates. Founded in 1927, Chicago Rivet acquired Textron�s Townsend Automation division in 1993, which manufactures customized fastener installation and assembly equipment, rivet-setting equipment, lacing hooks and cold-headed studs. In 1996 Chicago Rivet acquired H&L Tool Co. Inc., a manufacturer of screw machine products and cold-formed parts for the automotive industry.
Chicago Rivet has plants in Illinois, Iowa, Michigan and Pennsylvania.

Headquarters: 901 Frontenac Rd., P.O. Box 3061, Naperville, IL 60566. Tel: 630 357-8500 Fax 630 983-9314
Web: ChicagoRivet.com
ASE Symbol: CVR
CEO: John Morrissey
Investor Relations: John Osterman
Employees: 366
Percentage of revenue from fastener-related products: 79% \�2002 FastenerNews.com