Park-Ohio Holdings Corporation

John Wolz

Park-Ohio Holdings Corporation
2001 Revenue$636.4 million
2000 Revenue $754.7 million
2001 Closing Price3.18
2000 Closing Price4.88

Park-Ohio�s stock price and sales continued to struggle throughout 2001. Sales decreased 16%.
Park-Ohio�s Integrated Logistics Solutions provides logistics services for production components to OEMs, other manufacturers and distributors, including semiconductor equipment, industrial equipment, aerospace and defense, electrical controls, HVAC, heavy-duty truck, vehicle parts, appliances, and lawn and garden equipment.
Park-Ohio, which supplies logistics services for 175,000 types of fasteners and related industrial components and manufactures engineered products for OEMs, has 34 manufacturing sites and 55 logistics warehouses in North America and England.
Park-Ohio entered the fastener business in 1995 by acquiring a historic name in the industry, RB&W. With the added acquisitions of Arden Industrial Products Inc., Arcon Fastener Corporation and screw machine products manufacturer Delo Screw Products Co. in 1997, and Direct Fasteners of Ontario, Canada, and Gateway Industrial Supply in 1998, the industrial fastener logistics business became a majority of Park-Ohio revenue.
In 1999 Park-Ohio acquired northern NJ-based Columbia Nut & Bolt Corp.
Park-Ohio has grown rapidly, with sales going from $67 million in 1992 to $754.7 million for 2000 from both internal growth and acquisitions.
Ford accounts for 10% of sales.
CEO Edward Crawford owns 25% of Park-Ohio stock.

Headquarters: 23000 Euclid Ave., Cleveland, OH 44117. Tel: 216 692-7200 Fax 216 692-7174
NASDAQ Symbol: PKOH
CEO: Edward Crawford
Key fastener executives: Andrew Arena, president, logistics.
Employees: 4,000
Percentage of revenue from fastener-related products: 60+% \�2002 FastenerNews.com