Standex International
| File:Standex logo.svg | |
| Company type | Public |
|---|---|
| NYSE: SXI S&P 600 component | |
| Industry | Electronics, Engraving, Scientific, Engineering Technologies for Aviation, Space and Defense, Precision Storage, Hydraulics |
| Founded | 1955 |
| Founder | John Bolten, Sr |
| Headquarters | 23 Keewaydin Drive, Suite 300, , United States |
Area served | Worldwide |
Key people | David Dunbar (CEO) Alan Glass (VP) Ademir Sarcevic (CFO) |
| Products | Reed Switches Reed Relays Sensor Solution Technologies Power Magnetics Precision Storage Metal Forming Solutions Hydraulics |
Number of employees | 3,800 (2025) |
| Website | www |
Standex International Corporation operates as a multifaceted manufacturer with five core business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The enterprise maintains a global footprint with facilities in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China. Its headquarters are located in Salem, New Hampshire, and the organization consists of 12 operational units grouped into five reporting divisions. Established in 1955 by John Bolten Sr., Standex includes subsidiaries such as Bakers Pride and Standex Electronics.
History
Following World War II, John Bolten Sr. launched Bolta Plastics, a company specializing in vinyl sheeting that was sold to General Tire and Rubber for $4 million in 1954. Subsequently, Bolten reinvested his capital into Standard Publishing and Roehlen Engraving before founding Standex in 1955. Initial acquisitions encompassed a Coca-Cola bottling operation in South America along with manufacturers like Everedy cookware and Lestoil. The company experienced substantial expansion under Daniel Hogan—Bolten’s son-in-law and eventual successor.
Standex transitioned to a publicly traded company in 1964 and adopted a new corporate identity in 1973. Between 1971 and 1975, the firm’s net sales increased by 48%, climbing from $119 million to $176 million. However, growth decelerated during the mid-1980s due to aggressive merger activity; Hogan retired after a 37-year tenure in 1985 and was succeeded by Thomas L. King.
In 1994, Standex acquired Toastswell but divested its assets by 1997. The Electronics Division bolstered its capabilities through the 2012 acquisition of Meder Electronic GmbH, a specialist in Reed Switch technology. This expansion continued in 2017 with the purchase of OKI’s reed switch division in Japan, strengthening Standex’s position as a leader in reed-based components.
July 2020 saw Standex acquire Renco Electronics for $28 million, further broadening its electronics segment.
Company
In November 2017, Standex raised its dividend by 12.5% to $0.18 per share from the previous distribution. The company reported earnings per share of $3.61 during this period. By January 2018, the stock price had declined below $100, drawing investor attention due to its potential for growth.
Divisions
- Standex Electronics
- Standex Scientific
- Spincraft ETG Limited
- Standex Engraving
- Federal Industries