Wisconsin Manufacturing News

Rytec Corp. acquires Ohio company; Oshkosh Corp. receives another military contract; Orion Energy lost $4.2 million in fiscal 2010

Rytec Corp. acquires Ohio company

Jackson-based Rytec Corp., the leading North American manufacturer of high-speed, high-performance doors, has signed a definitive agreement to acquire privately-held Wynd Star Doors, a Loveland, Ohio-based manufacturer of automated doors for carwashes.

Rytec manufactures highly specialized doors to address specific operational and environmental challenges in industrial, commercial, pharmaceutical and cold-storage applications. The acquisition extends Rytec’s reach into the automobile-related door market.

"The carwash market requires industrial-strength, corrosion-resistant and cost-effective doors — a perfect fit for Rytec. By combining the Wynd Star Doors with our existing line of high-performance doors, Rytec is well-positioned to meet the needs of this environment," said Don Grasso, chairman and chief executive officer of Rytec.

Oshkosh Corp. receives another military contract

Oshkosh Corp. announced that its Defense division has received another delivery order valued at more than $410 million for the production and delivery of 2,634 Family of Medium Tactical Vehicles (FMTV) trucks and trailers for the U.S. Army.

The award is for deliveries scheduled between March and December 2011.

To date, Oshkosh Corp. has received orders valued at more than $690 million under the five-year FMTV requirements contract.

"Oshkosh Corporation’s world-class production capabilities, coupled with our independent investments in this program, will ensure vehicles are delivered without any disruption to the original timeline," said Robert Bohn, Oshkosh Corp. chairman and chief executive officer. "We are closely engaged with the Army and moving forward on all necessary processes to maintain this schedule and deliver high-quality trucks and trailers to meet the warfighters’ needs."

Orion Energy lost $4.2 million in fiscal 2010

Manitowoc-based Orion Energy Systems Inc. reported that it lost $800,000 during the fourth quarter of its 2010 fiscal year and that it lost $4.2 million for the entire fiscal year.

The company had a $511,000 profit in fiscal 2009, but lost $1.1 million in the fourth quarter of the 2009 fiscal year.

The company’s revenue for the 2010 fiscal year was $65.4 million, down from $72.6 million in fiscal 2009. Its fourth quarter revenues were $18.9 million, an improvement from $15.3 million in the fourth quarter of 2009.

"Over the last 12 months, we have made great strides in enhancing our operational efficiency by making key hires across the business, implementing systems that will improve our effectiveness in the sales process and expanding our product offering to lead our customers down the path of energy efficiency. As a result, we are entering fiscal 2011 in a strong position, both operationally and financially," said Neal Verfuerth, chairman and CEO.


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