Document bBr0nMb9D216jvpzqbmk9NMGy

Company Profile Eagle-Picher Industries Inc. Firm Type: Private Company, Headquarters Location URL: http: //www. epcorp. com Headquarters Address: PO Box 779 , Cincinnati, Ohio 45201 250 E 5th St. Ste. 500 , Cincinnati, Ohio 45202 United States Main Telephone: (513) 721-7010 1998 Employees: 7500 Annual Sales: $848.5 M Sales Sales per Employee: $113,133 EYE: Nov 30, 1995 Year Founded 1843 Primary SIC: 3714_Motor Vehicle Parts And Accessories Secondary SIC(s): 3089_Plastics Products, Not Elsewhere Classified 3531_Construction Machinery 3559_Special Industry Machinery, Not Elsewhere Classified 3692_Primary Batteries, Dry And Wet NAICS Code: 327992_Ground or Treated Mineral and Earth Manufacturing Updated: Feb 27, 2001 Report Prepared On: February 28, 2001 Record Status: Reorganization - Chapter 11 Key People Executive Name Title Andries Ruijssenaars President Joel Wyler Chairman of the Board David Wilson Vice President Carroll Curless Vice President, Controller Source: Company Intelligence Database, Gale Group Job Functions President Chairman NA Financial Controller Copr. West 2001 No Claim to Orig. U.S. Govt. Works Company Overview Page 2 Business Description Manufacturing: Rubber, plastic and aluminum products, castings, boron isotopes, machinery, construction equipment and special purpose batteries : industrial machines and automotive parts Variant Names Eagle-Picher (Predicast Name) Eagle-Picher Industries (Predicast Name) Top Lists (Last 5 Years) Historical Sales. Summary Year Sales 1995 $848.5 M 1994 $756.7 M 1993 $661.5 M 1992 $611.5 M 1991 $598.6 M 1990 $699.3 M Copr. West2001 No Claim to Orig. U.S. Govt. Works Page 3 Source: Company Intelligence Database, Business Rankings Annual, Gale Group Thomson Financial, 2000 All Rights Reserved Divisions & Subsidiaries Eagle-Picher Industries Inc. Cincinnati Industrial Machinery Cincinnati, Ohio Exporter,Private Subsidiary, Headquarters Location Eagle-Picher Automotive Inkster, Michigan Private Subsidiary, Headquarters Location Eagle-Picher Industries Inc. Construction Equipment Div. Lubbock, Texas Exporter,Private Subsidiary, Headquarters Location Eagle-Picher Industries Inc. Seneca Div. Seneca, Missouri Exporter,Importer,Private Subsidiary, Headquarters Location Hillsdale Tool and Manufacturing Co. Hillsdale, Michigan Exporter,Private Subsidiary, Headquarters Location HTM Div. Jonesville, Michigan Exporter,Private Subsidiary, Headquarters Location Michigan Automotive Research Corp. Ann Arbor, Michigan Private Subsidiary, Headquarters Location Ross Aluminum Foundries Sidney, Ohio Exporter,Private Subsidiary, Headquarters Location Transicoil Inc. Valley Forge, Pennsylvania Exporter,Private Subsidiary, Headquarters Location Robinson-Halpern Products Valley Forge, Pennsylvania Division Eagle-Picher Technologies L.L.C. Joplin, Missouri Copr. West 2001 No Claim to Orig. U.S. Govt. Works Exporter,Importer,Private Subsidiary, Headquarters Location Source: Company Intelligence Database, Gale Group Page 4 Products & Brands Eagle-Picher Industries Inc. does not appear in the latest editions of 'Brands & Their Companies' or 'Data Sources' (Gale Group). Source: Company Intelligence Database, Gale Group Industry Overview 3714 Motor vehicle parts and accessories Last Updated: Jan 1, 1999 COPYRIGHT 1999 Snapdata Ltd. Market Value ' . The USA auto parts market grew by 3.2% in 1998, to reach a value of $158,703.0 million. Market Sectors Braking Systems is the largest sector of the USA auto parts market, representing 39.0% of the market in value terms. Cooper-Indusries In 1997, revenues for Cooper Industries grew by 0.1% on the previous year's level, to reach $5,288.8 million. Distribution Channels The leading three distribution channels in the USA auto parts market (NAFTA, Western Europe and Japan/Chinese Economic Area) account for 87.6% of the market between them. Customer Profile Independent Dealers is the largest customer in the USA auto parts market, accounting for 69.5% of the market in value terms. Market Forecasts In 2004, the USA auto parts market is forecast to reach $181,261.1 million, an increase of 11.4% since 1999. MARKET VALUE Copr. West 2001 No Claim to Orig. U.S. Govt. Works SNAPSHOTS INTERNATIONAL USA Auto Parts Page 5 * - The USA auto parts market grew by 3.2% in 1998, to reach a value of $158, 703.0 million. * - The compound annual growth rate of the market in the period 1994-1998 was 7.3%. The strongest growth was in 1995, when the market grew by 16.1%. Table 1: USA Auto Parts Market Value: $Mn, 1994-1998 Market Value $ Mn % Growth 1994 1995 1996 1997 1998 1999e 119,677.9 138,981.9 146,194.9 153,782.0 ' 158,703.0 162,734.0 16.1% 5.2% 5.2% 3.2% 2.5% CAGR, 1994-1998: 7.3% MARKET SECTORS SNAPSHOTS INTERNATIONAL USA Auto Parts * - Braking Systems is the largest sector of the USA auto parts market, representing 39.0% of the market in value terms. * - The largest three sectors in the USA auto parts market (Braking Systems, Steering Traction Equipment and Restraint) account for 84.0% of the total market. - Wipers & Related is the smallest sector of the USA auto parts market considered, attributable for 4.0% of the market in value terms. Table 2: USA Auto Parts Market Segmentation by Value: % Share, 1998 Sector % Share Braking Systems Steering Traction Equipment Restraint Lighting Wipers & Related 39.0% 26.0% 19.0% 11.0% 4.0% Other 1.0% Copr. West2001 No Claim to Orig. U.S. Govt. Works Total 100.0% Page 6 COOPER INDUSTRIES SNAPSHOTS INTERNATIONAL USA Auto Parts * - In 1997, revenues for Cooper Industries grew by 0.1% on the previous year's level, to reach $5,288.8 million. * - Over the same period, net income grew by 25.1% to reach a value of $394.6 million. This yielded a operating margin of 7.5%, compared to 6.0% in 1996. Table 3: Cooper Industries Performance, 1993-1997 $ Mn Revenues Net Income Operating Margin 1993 1994 1995 1996 1997 4,725.5 4,512.5 4,810.9 5,283.7 5,288.8 367.1 -19.9 94.0 315.4 394.6 7.8% -0.4% 2.0% 6.0% 7.5% SNAPSHOTS INTERNATIONAL USA Auto Parts * - In 1998, revenues for declined by 3.3% on the previous year's level, to reach $2,257.3 million. * - Over the same period, net profit grew by 2.0% to reach a value of $38.4 million. This yielded a net margin of 1.7%, compared to 1.6% in 1997. Table 4: Company Performance, 1993-1998 $ Mn Revenues Net Profit Net Margin 1993 1994 1995 1996 1997 1998 2,695.0 2,505.0 2,469.0 2,448.0 2,335.0 2,257.3 46.5 20.8 30.3 45.8 37.7 38.4 1.7% 0.8% 1.2% 1.9% 1.6% 1.7% DISTRIBUTION Copr. West2001 No Claim to Orig. U.S. Govt. Works SNAPSHOTS INTERNATIONAL USA Auto Parts Page 7 * - The leading three distribution channels in the USA auto parts market (NAFTA, Western Europe and Japan/Chinese Economic Area) account for 87.6% of the market between them. * - NAFTA account for the largest share of distribution in the USA auto parts market, with 71.4% of the market in value terms. * - Western Europe holds the equivalent of 14.1% of the leading channel's share. Table 5: USA Auto Parts Market Distribution Channels: % by Value, 1998 Distribution Channels % Share NAFTA ' Western Europe Rest of World Other Asia Latin America Japan/Chinese Economic Area 71.4% 10.1% 2.9% 5.7% 3.8% 6.1% Total 100.0% CUSTOMER PROFILE SNAPSHOTS INTERNATIONAL USA Auto Parts * - Independent Dealers is the largest customer sector in the USA auto parts market, accounting for 69.5% of the market in value terms. * - Chain/Dept/Discount Stores holds the equivalent of 28.8% of the leading customer's share. Table 6: USA Auto Parts Customer Profile: % by Value, 1998 Customer % Share Independent Dealers 69.5% Chain/Dept/Discount Stores Tyre Company Stores 8.5% Oil Companies 2.0% 20.0% Total 100.0% Copr. West 2001 No Claim to Orig. U.S. Govt. Works Page 8 MARKET FORECASTS SNAPSHOTS INTERNATIONAL USA Auto Parts * - In 2004, the USA auto parts market is forecast to reach $181,261.1 million, an increase of 11.4% since 1999. * - The compound annual rate of change of the USA auto parts market over the period 1999-2004 is predicted to be 2.2%. Table 7: USA Auto Parts Market Value Forecasts: $Mn (1998 Prices), 1999-2004 Market Value $ Mn (1998 Prices) % Growth 1999 162,734.0 2.5% 2000 166,476.9 2.3% 2001 169,972.9 2.1% 2002 174,052.2 2.4% 2003 177,881.4 2.2% 2004 181,261.1 1.9% CAGR, 1999-2004: 2.2% FURTHER SOURCES SNAPSHOTS INTERNATIONAL USA Auto Parts Snapshots International 5 Dryden Street London UK WC2E 9NB Tel: +44 (0) 171 829 8408 Fax: +44 (0) 171 829 8410 http://www.snapdata.com Related US OnDisc reports available from Snapshots International: Report: Code: US Auto Dealers 5511 US Auto Parts 3592 US Automobile Parking 7521 US Automotive Glass Replacement Shops 7536 US Car Rental 7514 ' US Car Washes 7542 US Commercial Vehicle Tires 3010 US Executive Passenger Cars 3711 US Fleet Leasing 7515 US General Automotive Repair Shops 7538 US Light Trucks 3713 US Motor Homes 3716 Copr. West2001 No Claim to Orig. U.S. Govt. Works US Motorcycles,Bicycles, & Parts 3751 US Passenger Car Leasing 7515 US SmallPassenger Cars 3711 US Top and Boby Repair and Paint Shops 7532 US Travel Trailers & Campers 3792DDDD Page 9 - Also Available from Snapshots International: UK OnDisc Price $2,500 Europe OnDisc Price $3,500 US OnDisc Price $3,500 Asia-Pacific OnDisc Price $3,995 Eastern Europe OnDisc Price $3,995QXD (c) Snapshots International. All Rights Reserved. No part of this publication may be reproduced, stored in a retrievable system or transmitted in any form by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of the publisher, Snapshots International Ltd. Source: Snapshots International, Snapdata Business Associations Within Industry Membership Automatic Transmission Rebuilders Association 2700 Phone (805) 604-2000 Automotive Industry Action Group 1700 (248) 358-3003 Lawn Equipment Dealers Association 550 (626) 792-4602 Automotive Training Managers Council 165 (703) 713-1113 Valve Manufacturers Association of America 120 (202) 331-8105 Manufacturers Standardization Society of the 102 Valve and Fittings Industry (703) 281-6613 Friction Materials Standards Institute Outdoor Power Equipment Aftermarket Association 96 75 (203) 452-1877 (202) 775-8605 Automotive Wholesalers Association Executives 54 Heavy-Duty Business Forum 50 Source: Encyclopedia of Associations, Gale Group (334) 834-1848 (919) 549-4800 Corporate Chronology 1843: Edgar and Stephen Conkling, establish a white lead factory, the E. and S. J. Conkling Company. Copr. West 2001 No Claim to Orig. U.S. Govt. Works Page 10 1847: Edgar Conkling and William Wood become partners to form a new entity, Conkling, Wood and Company. 1850: Conkling, Wood and Co.'s annual sales reach $126,600. 1855: Edgar Conkling sells his interest in the firm to the Wood brothers, William and Alfred, and a Louisville, Kentucky white lead manufacturer, T.J. McCoy; the company changes its name to William Wood and Company. 1867 Jan. 10: William Wood & Co. is incorporated as the Eagle White Lead Company. William Wood is elected president and becomes the company's largest shareholder. 1876: Judge Oliver H. Picher and his brother William organize the Picher Lead & Zinc Company in Joplin, Missouri. 1906 April 06: After receiving an invitation to join the National Lead Co. (now NL Industries), Eagle White Lead decides to keep the company independent by acquiring 62.5% of Picher Lead's capital stock. 1912: Picher organizes a research department, the forerunner of the present Electronics Division. 1914: Picher hits a bonanza of lead and zinc deposits which is named the Picher Field. 1916 June 01: The Eagle-Picher Lead Company is formed by a merger of the Eagle White Lead Company and the Picher Lead Company. 1920: By this time Eagle-Picher has mine-to-market capability. 1922: Several partnerships are established with battery companies, leading to the development of highly efficient lead batteries. 1929: Eagle-Picher's sales reach a new high, $26.4 million. 1938: The company buys Commerce Mining & Royalty Co. for just under $10 million; the acquisition includes the Northeast Oklahoma Railroad Co. and makes Eagle-Picher the largest producer of zinc ore in the nation. 1943 Oct. 29: Eagle-Picher's stock is listed on the New York Stock Exchange for the first time. 1943: The Eagle brand celebrates its 100th anniversary. 1944: The first special purpose battery contract is awarded to Eagle-Picher by the U.S. Army Signal Corps to provide electric power for its weather balloons. 1945 March 27: Eagle-Picher Lead Co. 'becomes Eagle-Picher Co. Copr. West 2001 No Claim to Orig. U.S. Govt. Works Page 11 1952: Eagle-Picher purchases the Ohio Rubber Co. for a total investment of $12 million. 1954: The company's Paint and Varnish and its Metallic Product divisions are liquidated; the proceeds are used to acquire the Fabricon Products division of Fisher Body for $9.9 million. Fabricon manufactures plastic products for the automotive, food, and packaging industries. 1963: A commercial products entity is established as part of the Electronics Division. 1966 March 22: At the annual shareholders' meeting, the company's name is officially changed to Eagle-Picher Industries, Inc. 1970: Eagle-Picher silver-zinc batteries are utilized by Apollo 13'astronauts to provide electrical power for the life support and guidance control systems after a fuel cell fails. The astronauts land safely. 1971: The company acquires Hillsdale Tood Manufacturing Co., a technical automotive components manufacturer, and the A.D. Weiss Lithograph Co., a commercial lithographer. The company introduces its first commercial battery with the Carefree trademark. 1972 March: Eagle-Picher spins off its Davis Wire division to a group lead by the division's management for $23.5 million. 1973: The Johnson Manufacturing Co. (now the Construction Equipment Division) is acquired; it is the sole source of three models of earth moving machinery to Caterpillar, Inc. 1976: Eagle-Picher wins a $90 million contract from the U.S. Department of Energy for the production of isotopically pure boron to be used in defense and commercial nuclear applications. 1980: Eagle-Picher continues to phase out lead and zinc operations with the closing of its smelter in Galena, Kansas, and the sale of the zinc oxide plant in Hillsboro, Illinois. 1986: The company files its first registration statement and successfully completes a public offering of 1.125 million common shares, raising $43 million. 1987: Acquires Transicoil Inc., a manufacturer of electronic components for aerospace and industrial applications. 1989: Divests the Bearings Division (originally the Markey Bronze Corp.), the Chi-Vit Division (formerly Chicago Vitreous Corp.), and A.D. Weiss. 1990: Eagle-Picher batteries provide the power for the Patriot anti-missile system and the Tomahawk cruise missile. Germanium optical devices manufactured by the Specialty Materials Division are utilized in aircraft and armored Copr. West 2001 No Claim to Orig. U.S. Govt. Works Page 12 vehicles in the Gulf War. 1992: The company reports sales of about $612 million and profits of almost $30 million. 1993: Eagle-Picher Industries, Inc. celebrates its 150th as one of the 500 largest industrial companies in the U.S. based on sales. 1994 Nov.: Andries Ruijssenaars, current senior vice president, is named president and CEO of Eagle-Picher. His predecessor, Thomas E. Petry, will continue as chairman of the board and executive chief. 1995: Eagle-Picher files for Chapter 11 bankruptcy so it can reorganize. The company reports its liability for asbestos-related injuries is $1 to $2.5 billion. However, since it only earned $48 million in 1994, Eagle-Picher will probably only pay about 25% of that to plaintiffs. 1996 July 17: Eagle-Picher files a second reorganization plan after its first plan is rejected by bankruptcy court. At issue is the magnitude of EaglePicher 's liability and its means of redress and compensation. 1997 Aug.: Eagle-Picher sells its plastics division to Cambridge Industries for $32.5 million. 1998 Feb.: Granaria Holdings B.V. purchases Eagle-Picher Industries Inc. to handle its diversified line of business. Eagle-Picher's activities are not affected. 1999 June: Eagle-Picher Hillsdale Division acquires Carpenter Enterprises for an estimated $71.5 million. - 2000: Eagle-Picher sells its Rubber Molded Products business unit, its Michigan Automotive Research Corporation subsidiary; and its automotive fluid systems business. These transactions are part of Eagle-Picher's plan to divest certain smaller business units in order to focus on core divisions. 'Eagle-Picher Industries Files Second Amended Plan of Reorganization.' PR Newswire, 18 July, 1996. Eagle-Picher Industries, Inc.: 150 Years of Quality. Eagle-Picher, 1993. 'Eagle-Picher Sells Subsidiary.' Business Courier, 03 March, 2000: 11. 'Eagle-Picher's Liability for Asbestos Claims Grows.' The Wall Street Journal, 07 Dec., 1995. International Directory of Company Histories. Detroit: St. James Press. Knerr, Douglas. Eagle-Picher Industries, Strategies for Survival in the Industrial Marketplace, 1840-1980. Columbus: Ohio State University Press, 1992. Copr. West2001 No Claim to Orig. U.S. Govt. Works Page 13 'Who's News: Eagle-Picher Industries Inc.' The Wall Street Journal, 03 Nov., 1994: B 6. Further Reading: Source: Notable Corporate Chronologies, Gale Group END OF DOCUMENT Copr. West2001 No Claim, to Orig. U.S. Govt. Works