Our Company was founded in 1955 by John Bolten, a successful German entrepreneur. Originally, he was in the business of manufacturing plastic combs in Andover, Massachusetts. That business evolved into a vinyl sheeting company, which he operated under the name of Bolta Plastics. Bolten sold Bolta Plastics to General Tire Company, providing the capital for his acquisition of the Standard Publishing Company and Roehlen Engraving, a Rochester. The two businesses were merged to form Standard International, later renamed Standex International Corporation.
Over the years, we have built a unique history and a rich legacy of diversity by acquiring a wide range of companies or businesses. Today, we operate manufacturing plants and distribution facilities throughout the U.S. and in Australia, Brazil, Canada, China, Mexico, India, Turkey, South Africa, Singapore, Japan, Russia, Malaysia, South Korea, and Europe. At our last fiscal year end (June 30, 2019), we numbered 5,000 employees, of which 2,200 were in the U.S. We are proud of our 54-year history as a public company and 50-year history with a New York Stock Exchange listing, where we have one of the longest uninterrupted records of paying quarterly dividends.
While our company has evolved in its portfolio and global reach, our culture has not. We remain committed to stability, and many of the businesses we acquired in our early years continue as part of the Standex family. Most importantly, we remain committed to holding a diverse portfolio of companies that provide value to our shareholders.
We have a long-term objective to create sizable business platforms by adding strategically aligned or “bolt on” acquisitions to strengthen the individual businesses, create both sales and cost synergies with our core business platforms, and accelerate business unit growth and margin improvement. We have a particular focus on identifying and investing in opportunities that complement our products and will increase the global presence and capabilities of our businesses. By maintaining a diverse and strong portfolio of businesses, we are well-positioned to sustain strong shareholder value.
Standex plans to leverage the combined strengths of these businesses to further penetrate current markets and to enter new geographic and vertical markets. Standex will continue to make acquisitions that are synergistic with its current operating groups, and that can add to Standex’s core strength and quickly contribute to profitability.
Standex is committed to creating and sustaining a culture built on mutual respect, inclusion, trust and transparency, where employees feel valued and supported for the unique people they are, the skills and experiences they bring to the table and the contributions they make.
At Standex, we believe building a great culture is the foundation for cultivating successful relationships with our employees, customers, suppliers and shareholders, which, in turn, is critical to our continued enhancement of stakeholder value.
At Standex, we are committed to ensuring that Diversity, Equity and Inclusion (DE&I) is a top priority across our global organization.
For us, DE&I begins first with valuing every employee for the unique individual they are and the skills and experiences they bring to Standex. We strive to create an environment where people feel welcomed and appreciated for the contributions they make every day. Standex does not condone any form of bias, prejudice, or intolerance and we have training to prevent, and policies and processes to address reports of such behavior, including an anonymous phone hotline managed by an external third party.