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Haskel International Inc

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CALIFORNIA | LOCAL
March 16, 1999
Haskel International Inc., which makes high-pressure pumps, agreed to be bought by closely held Tinicum Capital Partners LP for $72.8 million in cash, or $12.90 a share. Tinicum is a New York-based investment fund. Haskel manufactures high-pressure liquid pumps and gas boosters for industrial, commercial and military uses.
ARTICLES BY DATE
CALIFORNIA | LOCAL
March 16, 1999
Haskel International Inc., which makes high-pressure pumps, agreed to be bought by closely held Tinicum Capital Partners LP for $72.8 million in cash, or $12.90 a share. Tinicum is a New York-based investment fund. Haskel manufactures high-pressure liquid pumps and gas boosters for industrial, commercial and military uses.
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BUSINESS
February 1, 1994
Haskel International Inc., a Burbank-based maker of high-pressure hydraulic pumps, plans to sell 1 million shares of class A common stock for about $13 each in an initial public offering through the Seidler Companies Inc. The estimated $8.5 million in net proceeds from the offering will be used to expand the company's product lines and foreign sales offices and repay debt, among other things. For its fiscal year ended May 31, 1993, the company reported a profit of $2.2 million, down 10% from $2.
BUSINESS
October 31, 1998 | Bloomberg News
Haskel International Inc., a leading maker of high-pressure pumps, said it may sell the company, seek a merger partner or make other acquisitions. The Burbank-based company has struggled to increase sales and earnings as orders from Asia have slowed. Haskel said it hired investment banker Schroder & Co. to help examine its options. R. Malcolm Greaves, president and chief executive, said in a statement that the company has not received any buyout offers.
BUSINESS
September 27, 1994
Haskel International Inc., a Burbank-based maker of hydraulic pumps and systems, said it has filed an application with the Securities and Exchange Commission for a proposed initial public offering of 750,000 shares of common stock. The price of the offered shares is expected to be between $10 and $12 per share; if all the shares are sold, the total proceeds would be between $7.5 million and $9 million. After the offering, there will be a total of 4.6 million common shares outstanding.
BUSINESS
September 24, 1996
Haskel International Inc. said it received a $1 million-plus order for equipment to test pressure levels in automotive air bags. The Burbank-based company is primarily a maker of high-pressure liquid pumps used in the electronic components industry. But the new order is the largest Haskel has received in the automotive market.
BUSINESS
May 28, 1996
Haskel International Inc. said it is closing two overseas offices and laying off 13 workers from its Electronic Products Group due to a slowing in orders from computer and semiconductor manufacturers. EPG represents about 25% of Haskel's total sales. The company will close its EPG offices in the United Kingdom and Germany, as well as trimming the staff in its EPG office in Westlake Village. These moves will result in a one-time charge of $150,000 in Haskel's fourth quarter.
BUSINESS
October 31, 1998 | Bloomberg News
Haskel International Inc., a leading maker of high-pressure pumps, said it may sell the company, seek a merger partner or make other acquisitions. The Burbank-based company has struggled to increase sales and earnings as orders from Asia have slowed. Haskel said it hired investment banker Schroder & Co. to help examine its options. R. Malcolm Greaves, president and chief executive, said in a statement that the company has not received any buyout offers.
BUSINESS
October 15, 1996
Haskel International Inc., a Burbank manufacturer of high-pressure liquid pumps and gas boosters, reported that its fiscal first quarter earnings surged 41%, despite an 8% decline in sales. The company, which also distributes electronic components, earned $722,000 in the three months ended Aug. 31, up from a profit of $513,000 a year earlier. Sales fell to $13.3 million from $14.4 million.
BUSINESS
March 31, 1998
Haskel International Inc. posted a 14% jump in its third-quarter net income on a 19% rise in sales. For the quarter that ended Feb. 28, Haskel saw its net income rise to $1.19 million, compared with a profit of $1.04 million in the same period a year earlier. Sales in the latest quarter rose to $14.2 million, up from $12.4 million. For a nine-month period, Haskel posted net income of $3.9 million, compared with a net loss of $2.4 million last year.
BUSINESS
October 15, 1996
Haskel International Inc., a Burbank manufacturer of high-pressure liquid pumps and gas boosters, reported that its fiscal first quarter earnings surged 41%, despite an 8% decline in sales. The company, which also distributes electronic components, earned $722,000 in the three months ended Aug. 31, up from a profit of $513,000 a year earlier. Sales fell to $13.3 million from $14.4 million.
BUSINESS
September 24, 1996
Haskel International Inc. said it received a $1 million-plus order for equipment to test pressure levels in automotive air bags. The Burbank-based company is primarily a maker of high-pressure liquid pumps used in the electronic components industry. But the new order is the largest Haskel has received in the automotive market.
BUSINESS
May 28, 1996
Haskel International Inc. said it is closing two overseas offices and laying off 13 workers from its Electronic Products Group due to a slowing in orders from computer and semiconductor manufacturers. EPG represents about 25% of Haskel's total sales. The company will close its EPG offices in the United Kingdom and Germany, as well as trimming the staff in its EPG office in Westlake Village. These moves will result in a one-time charge of $150,000 in Haskel's fourth quarter.
BUSINESS
April 16, 1996
Haskel International Inc. saw its net income soar 367% in its third quarter on a 9% rise in sales. The Burbank-based concern posted net income of $617,000, compared to $132,000 in the same period a year earlier. Sales in the quarter that ended in February rose to $13.9 million, up from $12.7 million. For the nine months, Haskel saw its net income climb 19% to $2.04 million, up from $1.71 million in the same period a year earlier. Sales for the nine months rose 15% to $43.1 million, from $37.
BUSINESS
April 16, 1996
Haskel International Inc. saw its net income soar 367% in its third quarter on a 9% rise in sales. The Burbank-based concern posted net income of $617,000, compared to $132,000 in the same period a year earlier. Sales in the quarter that ended in February rose to $13.9 million, up from $12.7 million. For the nine months, Haskel saw its net income climb 19% to $2.04 million, up from $1.71 million in the same period a year earlier. Sales for the nine months rose 15% to $43.1 million, from $37.
BUSINESS
March 31, 1998
Haskel International Inc. posted a 14% jump in its third-quarter net income on a 19% rise in sales. For the quarter that ended Feb. 28, Haskel saw its net income rise to $1.19 million, compared with a profit of $1.04 million in the same period a year earlier. Sales in the latest quarter rose to $14.2 million, up from $12.4 million. For a nine-month period, Haskel posted net income of $3.9 million, compared with a net loss of $2.4 million last year.
BUSINESS
September 27, 1994
Haskel International Inc., a Burbank-based maker of hydraulic pumps and systems, said it has filed an application with the Securities and Exchange Commission for a proposed initial public offering of 750,000 shares of common stock. The price of the offered shares is expected to be between $10 and $12 per share; if all the shares are sold, the total proceeds would be between $7.5 million and $9 million. After the offering, there will be a total of 4.6 million common shares outstanding.
BUSINESS
February 1, 1994
Haskel International Inc., a Burbank-based maker of high-pressure hydraulic pumps, plans to sell 1 million shares of class A common stock for about $13 each in an initial public offering through the Seidler Companies Inc. The estimated $8.5 million in net proceeds from the offering will be used to expand the company's product lines and foreign sales offices and repay debt, among other things. For its fiscal year ended May 31, 1993, the company reported a profit of $2.2 million, down 10% from $2.
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