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On the automotive side, in 1990 Allen established GO/DAN Industries (GDI), a joint venture that manufactured aftermarket automotive heat transfer products.
In March 1995 the Federal Communications Commission sold 99 licenses for the development of wireless communications networks, an event that was a boon to Allen and its two mobile communications subsidiaries.
In June 1995 Allen announced that it would spin off its automotive and truck product units in order to concentrate on the growing wireless communication business.
The new company, taking the name of TransPro, Inc., was incorporated in Delaware in July 1995.
Allen Group's Spinoff of TransPro in 1995
Pro forma sales for these businesses in 1995 totaled $247.3 million.
In early 1996, the company purchased the Oilfield Fabricating & Machine Company and later in the year entered into an agreement with Framo Engineering AS of Norway to market and sell the Norwegian firm's highly innovative multiphase flow metering system.
While Rahn, VMS, and Evap made a significant contribution to the balance sheet in 1998, it was not enough to offset the loss of a major contract with Ford to perform cab conversions.
For the year, TransPro regained much of the losses suffered in 1998, increasing sales 9 percent to $261.6 million, resulting in a profit of $6.8 million.
Several months later, in February 1999, TransPro paid $2.25 million to pick up another Arlington company, A/C Plus, Inc., a remanufacturer of air-conditioning compressors.
1999: A/C Plus is acquired.
2000: The Crown division is sold.
DeYoung spent 47 years with the company, first as a laborer then rising through the company ranks to take over as president in July of 2001.
The changes Johnson initiated began to bear fruit in 2002, as TransPro increased revenues by 13.4 percent to $230.6 million and returned to profitability, netting nearly $2 million.
On the balance sheet, TransPro took a step back in 2003, with revenues dropping slightly to $228.7 million, the result of the company phasing out some OEM customer programs, mild weather, and a soft industrial market that adversely impacted the heavy-duty aftermarket unit.
2010 COTY Winner Values Award
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Tribeca Oven | 1988 | $25.0M | 195 | - |
| Flexible Foam Products | 1961 | $190.0M | 750 | - |
| Carlisle FoodService Products | 1955 | $230.0M | 800 | - |
| Associated Hygienic Products, Llc | 1984 | - | 520 | 32 |
| Frontier Aluminum | - | $12.0M | 100 | - |
| Gardner Asphalt Supply | 2011 | $47.0M | 64 | - |
| Prime Conduit | 1963 | $5.4M | 45 | - |
| Fibre Metal Products Co | - | $2.7M | 30 | - |
| Paris Art Label | 1925 | $21.2M | 553 | - |
| Precisionaire Inc | 1950 | $8.1M | 25 | - |
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