Bulletin: Park-Ohio Industries Inc. Ratings Unchanged By The Company's Plan To Acquire Fluid Routing Solutions Inc. Mar 12
- Language: English
- Published: March 2012
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on Cleveland, Ohio-based Park-Ohio Industries Inc. reflect the company's highly leveraged financial risk profile and its weak business risk profile as a diversified operator of logistics and manufacturing businesses, serving cyclical and competitive end markets. Park-Ohio, a wholly owned subsidiary of unrated Park-Ohio Holdings Corp., operates three business segments that serve a variety of end markets, including transportation, semiconductors, industrial equipment, agricultural equipment, construction equipment, and aerospace. The supply technologies segment (formerly known as integrated logistics service), which generated about half of the company's sales in 2008, supplies production components via supply-chain management and wholesale distribution services. The manufacturing products segment (about 37% of sales) designs and produces forged and machined products for specific customer applications. The aluminum...
Companies mentioned in this report are: Park-Ohio Industries Inc.
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Park-Ohio Industries Inc.