Standex International Corporation (NYSE:SXI) today announced that its Food Service Equipment Group’s Nor-Lake refrigeration business was named the winner of the “Outstanding Supplier Partnership Award” at the U.S. Foods Culinary Equipment & Supplies 2013 Annual Sales and Training Conference. This is the fourth consecutive year that the Food Service Equipment Group has been awarded with a top honor by the Culinary Equipment & Supplies division. Only four suppliers were given awards in 2013 and only two, including Standex, were equipment companies. This award follows U.S. Foods’ recognition of the overall Standex Food Service Equipment Group in 2012, the group’s Nor-Lake refrigeration business in 2011 and its APW Wyott cooking solutions business in 2010.
“Nor-Lake is honored to be recognized with the Outstanding Supplier Partnership Award by U.S. Foods Culinary Equipment & Supplies,” said Chuck Dullea, President, Standex Refrigeration Group. “This award demonstrates Nor-Lake’s high product quality, excellent operational execution, stellar on-time delivery and superior customer service. Nor-Lake has been a successful partner to U.S. Foods because of our ability to listen to their needs and help them achieve their goals in the market.”
“Standex Food Service Equipment Group continues to be creative and flexible in the marketplace, helping U.S. Foods to capture market share in key product categories,” said John Abbott, Group Vice President, Standex Food Service Equipment Group. “As a partner at the Food Service Equipment Group level, U.S. Foods values the opportunity to offer a broad range of Standex hot side and cold side products and brands to the U.S. Foods customer base. We have achieved significant growth with U.S. Foods in recent years and we look forward to continuing to build on this momentum as we bring more cooking and refrigeration products to the market together in the future.1”
U.S. Foods is one of the country's leading foodservice distributors. Culinary Equipment & Supplies is a division that focuses on selling quality foodservice equipment and supplies to the commercial foodservice industry.
About the Standex Food Service Equipment Group
The Food Service Equipment Group (FSEG) is a broad-line manufacturer of commercial food service equipment, including walk-in coolers and freezers, refrigerated, non-refrigerated and hot display cabinets and storage systems, commercial ovens, rotisseries and cooking equipment, bakery and deli display cases, hot food counter-top products, patient feeding systems, rotary vane pumps and stainless steel fabrication, millwork and solid surface stonework. The majority of the FSEG businesses are grouped into two divisions, Standex Cooking Solutions Group and Standex Refrigerated Solutions Group. FSEG enjoys market leadership positions and strong brand recognition in the food service industry with each of its leadership companies: American Foodservice, APW Wyott, Bakers Pride, BKI, Tri-Star, Federal Industries, Kool Star, Master-Bilt, Nor-Lake, Inc. and Procon. The group employs over 1,500 with manufacturing facilities in Ireland, Mexico, Mississippi, New York, South Carolina, Tennessee, Texas, Wisconsin and Wyoming. In addition to the U.S., FSEG has an established presence in Europe and is developing or expanding distributor relationships in Africa, Asia, Australia and South America.
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Engineering Technologies Group, Engraving Group, Electronics Products Group, and Hydraulics Products Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, Korea, India and China. For additional information, visit the Company's website at www.standex.com.
1 Safe Harbor Language
Statements in this news release include, or may be based upon, management's current expectations, estimates and/or projections about Standex's markets and industries. These statements are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may materially differ from those indicated by such forward-looking statements as a result of certain risks, uncertainties and assumptions that are difficult to predict. Among the factors that could cause actual results to differ are the impact of implementation of government regulations and programs affecting our businesses, unforeseen legal judgments, fines or settlements, uncertainty in conditions in the financial and banking markets, general domestic and international economy including more specifically increases in raw material costs, the ability to substitute less expensive alternative raw materials, the ability to continue to successfully implement productivity improvements, increase market share, access new markets, introduce new products, enhance our presence in strategic channels, the successful expansion and automation of manufacturing capabilities and diversification efforts in emerging markets, the ability to continue to achieve cost savings through lean manufacturing, cost reduction activities, and low cost sourcing, effective completion of plant consolidations, successful completion and integration of acquisitions and the other factors discussed in the Annual Report of Standex on Form 10-K for the fiscal year ending June 30, 2012, which is on file with the Securities and Exchange Commission, and any subsequent periodic reports filed by the Company with the Securities and Exchange Commission. In addition, any forward-looking statements represent management's estimates only as of the day made and should not be relied upon as representing management's estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company and management specifically disclaim any obligation to do so, even if management's estimates change.