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Nevertheless, by 1985 the company was experiencing significant operating losses, including losses in the communications segment from discontinued operations.
On June 6, 1989, a new board of directors and the chairman of MIM took charge.
He found that all the divisions had failed to reach their year-end forecasts for 1989.
On February 15, 1990, Antle presented his strategy to the board.
Oak reported a 53 percent increase in revenue and net income rose to $26.7 million, an 85 percent increase over 1992.
The wisdom of Oak's acquisition of Gilbert Engineering was proven with the operating results of 1993.
Oak entered 1995 planning to find another large acquisition like Gilbert.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hayes Lemmerz International | - | $480,000 | 10 | - |
| Prestolite Electric LLC | - | $690.0M | 2,500 | - |
| Superwinch | 1970 | $930,000 | 7 | - |
| Faurecia Emissions Control Systems Na, LLC | 2007 | $1.5B | 8,700 | - |
| Meritor | 1909 | $3.8B | 8,200 | - |
| MEAA | 1979 | $470.0M | 3,000 | - |
| Diesel Technology Inc | - | - | - | - |
| International Automotive Components Group North America, Inc. | 2006 | $170.0M | 800 | - |
| FCA US LLC | 1925 | $83.1B | 90,000 | 420 |
| Valeo Electrical Systems, Inc. | 1993 | $1.2B | 2,133 | - |
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Royal Oak Industries, Inc. may also be known as or be related to Royal Oak Industries, Royal Oak Industries Inc and Royal Oak Industries, Inc.