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Phoenix Mecano North America history
Phoenix Mecano North America company history timeline
Familiar to its customers and competitors but unknown in the financial sector, Phoenix Mecano took the bold step of going public on the pre-market of the Zurich Stock Exchange on 14 September 1988.
In 1989, PTR, a producer of plug connectors and terminal clamps, was acquired.
Turnover rose 19 percent to SFr 203 million in fiscal 1990.
Kundisch, a SFr 9 million producer of keyboards, was acquired in 1991.
Phoenix Mecano acquired Budapest's PTR Magyar Kft in August 1992.
Longtime director Peter E. Rued was appointed to the newly created position of president in October 1992.
By 1995, turnover had reached SFr 316 million, which produced a SFr 30 million net profit.
Phoenix Mecano acquired the remaining shares (26 percent) of RK Rose + Krieger toward the end of 1998.
"Phoenix Mecano acquiert une entreprise roumaine," SDA--Service de base français, December 21, 1999.
OMP had 200 employees at the time; 1999 turnover was SFr 50 million.
1999: Phoenix invests in a Romanian tool and molds business.
Phoenix Mecano acquired a 30 percent interest in Hartmann Elektronik GmbH in January 2001.
Phoenix Mecano posted a EUR 5.0 million (SFr 8 million) profit on consolidated gross turnover of EUR 342 million in 2001.
"Phoenix Mecano Opens Plant in Kecskemet," Hungarian News Agency (MTI), March 21, 2002.
Phoenix Mecano posted the first annual loss in its history in 2002, as consolidated turnover fell 5.3 percent to EUR 324 million.
Posting Its First Loss in 2002
"Developpement Composants et boitiers; Nette progression du benefice pour Phoenix Mecano sur neuf mois," SDA—Service de base français, November 6, 2003.
2003: The company reaps the benefits of its restructuring program.
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Phoenix Mecano North America competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Panduit | 1955 | $1.0B | 5,050 | 5 |
| Bud Industries | 1928 | $17.5M | 120 | - |
| Amerlux | 1984 | $8.6M | 75 | 3 |
| Wisconsin Coil Spring, LLC | - | $24.2M | 50 | - |
| Mana Products | 1975 | $320.0M | 800 | - |
| Lone Star Fasteners | - | $22.0M | 200 | - |
| Fujimi | 1984 | $20.0M | 25 | - |
| Quincy Compressor | 1920 | $150.0M | 414 | - |
| Outokumpu Stainless Inc. | 1990 | $226.1M | 550 | - |
| W.S. Tyler | 1872 | $8.5M | 60 | 44 |
Phoenix Mecano North America history FAQs
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Phoenix Mecano North America may also be known as or be related to Phoenix Mecano, Phoenix Mecano Inc, Phoenix Mecano North America and Phoenix Mecano, Inc.