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Press Release March 22 1999

CII TECHNOLOGIES ANNOUNCES ACQUISITION OF PRODUCTS UNLIMITED
CII TECHNOLOGIES ANNOUNCES ACQUISITION OF PRODUCTS UNLIMITED
Fairview, N.C. - CII Technologies announced today that its wholly owned subsidiary, Communications Instruments, Inc. (CII),has acquired Products Unlimited, Inc. Details of the cash transaction were not released.
Ramzi Dabbagh, Chairman and CEO of CII Technologies (CIIT) said the Products Unlimited acquisition represents a veryimportant facet of CII's growth strategy. "The corporation has systematically expanded its electrical and electronic controlbusiness to serve additional markets where it can provide strong leadership in technology and service. Products Unlimitedhas a fine reputation and a broad offering of relays, contactors, and transformers, and those product lines compliment ourexisting business. We are proud to have them as part of our family."
Mr. Gary Schreiner, President of Products Unlimited, stated that CII is a "perfect match" for Products Unlimited. He addedthat both companies hold leadership positions in served markets and both are committed to quality and customer service.
Mr. Mike Steinback, President and Chief Operating Officer of CII said, "We plan to capitalize on Product Unlimited's superiororganization and leadership in the HVAC marketplace. Synergies between Products Unlimited and CIIT's other brands addvalue both to our customers and the industry." Mr. Steinback indicated that Products Unlimited will join the Corcom andMidtex brands to become part of CIIT's Specialized Industrial Group.
Products Unlimited, Inc. operates from its corporate headquarters in Sterling, IL and has facilities in Prophetstown, IL,Sabula, IA and Guttenberg, IA.
CII Technologies, based in Fairview, NC, provides advanced control electronic solutions in relays, solenoids and filters tothe commercial/industrial equipment, communications, aerospace, defense and automatic test equipment markets. CIIT isthe source of five major brands: CII, Hartman, Kilovac, Corcom, and Midtex. It has manufacturing facilities in Asheville andFairview, NC, Mansfield, OH, Santa Barbara, CA, Libertyville, IL, Juarez, Mexico, Cochin, India and Shanghai, China. CII Technologies' majority shareholder is Code Hennessy and Simmons, LLC, a Chicago based private investment and management firm. Additional information on the company is available at www.ciitech.com.
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For further information contact Flame headquarters at 800-854-2255, 818-700-2905, (fax) 818-700-9168, web-site: www.flamecorp.com, or e-mail: info@flamecorp.com
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Mr. Rick Heggelund Chief Financial Officer CII Technologies (828)628-1891, ext. 390 |
Mr. David Kemper Worldwide Marketing Services Manager CII Technologies (828)628-1891, ext. 419 |
For further information contact Flame headquarters at 800-854-2255, 818-700-2905, (fax) 818-700-9168, web-site: www.flamecorp.com, or e-mail: info@flamecorp.com
Home Page | Products Info | Catalog Pages | Miil-Specs Listing | Part Search Engin | About Flamecorp | Trade Shows | News | Industry Links | Email