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Ametek

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NEWS
November 3, 2011
Ametek Inc., the Berwyn electronic-instrument maker, authorized the repurchase of an additional $100 million of its shares. The new amount will be added to approximately $5.5 million that remains available for repurchases from a January 2010 authorization. Shares rose $2.03, or 5.18 percent, to close at $41.25.    - Reid Kanaley
BUSINESS
February 5, 1988 | By Idris Michael Diaz, Inquirer Staff Writer
Ametek Inc., the Paoli-based manufacturer, said yesterday that its results for the fourth quarter and full year 1987 were among the best ever. Chairman John H. Lux said that the firm's 1987 profits were second only to those of 1984, when a one-time gain of $4 million from a tax credit increased profits to $42.7 million. Ametek makes products for business and consumer uses through four operating groups - precision instruments, electro-mechanical goods, process-control equipment and industrial materials.
BUSINESS
April 27, 1990 | The Inquirer Staff
Ametek Inc. said yesterday that its board had elected Walter E. Blankley as its president and chief executive officer. Blankley, 54, had been the Paoli manufacturing firm's senior vice president since 1982. He replaces John P. Dandalides, who retired. As CEO, Blankley, of West Chester, will be responsible for the company's 30 manufacturing sites. He joined Ametek (NYSE) in 1960. Campbell Soup Co. will decide by next week how many of its 1,800 headquarters employees will be laid off in cost-cutting moves the company announced in February.
BUSINESS
November 2, 1993 | THE INQUIRER STAFF
Ametek Inc. said yesterday it might relocate its aerospace manufacturing operations from its US Gauge unit in Sellersville because it could not reach an agreement with the union on new rules to make the company more competitive. Ametek, a Paoli industrial-instrument and electronic-equipment maker, employs more than 400 people at US Gauge in the Upper Bucks County community. But only a portion of those employees are involved in the aerospace operations, an Ametek spokeswoman said.
NEWS
July 1, 2010
Ametek Inc., of Paoli, said it paid $270 million in cash for Haydon Enterprises, a Waterbury, Conn., manufacturer of assemblies used in the medical, industrial equipment, aerospace and other industries. Haydon, with annual sales of $85 million, also has factories in New Hampshire and China. Ametek, which makes electronic instruments, said Haydon would add 5 cents per share to 2010 earnings and 13 cents per share to earnings in the first four quarters of Ametek's ownership.
NEWS
September 22, 2011
Ametek Inc., the Berwyn maker of electronic devices, said today it replaced a $450-million credit facility with a five-year $750-million facility. The older deal was to expire next June. Chief financial officer John J. Molinelli said the new financing would support the company's acquisition strategy and provide other flexibilities. Ametek has annual sales of $3 billion. Shares closed at $33.52, down $2.32 or 6.47 percent.    -Reid Kanaley
NEWS
May 9, 2011
Ametek Inc., of Berwyn, has bought a Montvale, N.J., company for $148 million in cash. The firm, Coining Holding Co., supplies custom-shaped products used in the packaging and assembly of microelectronics. Coining, which was acquired from an investor group led by River Associates Investments L.L.C., of Chattanooga, Tenn., has annual sales of about $65 million. Coining products are used in microwave, photonics, medical, aerospace, defense, and general electronics industries.
BUSINESS
June 6, 1989 | By Anthony Gnoffo Jr., Inquirer Staff Writer
For $110 million in cash and a new plastics plant, Ametek Inc. of Paoli will get a $100-million-a-year instrumentation business from General Electric Corp., the companies said yesterday. GE's instrument-products operation, which makes sensors and display equipment for aircraft, is expected to complement Ametek's similar line of aircraft instruments, traded under the brand U.S. Gauge. GE's instrument business has 1,200 employees in a 300,000-square-foot plant in Wilmington, Mass.
NEWS
January 6, 2012
Four employees of Vision Research of Wayne, N.J., a unit of Berwyn-based Ametek Inc., will receive a science and engineering award from the Motion Picture Academy of Arts and Sciences at a Feb. 11 ceremony in Beverly Hills. The firm designs and manufactures high-speed digital imaging systems used in digital cinematography for television and movie production. The four winners of the Oscar, Radu Corlan, Petru Pop, Andy Jantzen and Richard Toftness, contributed to the design of the Phantom digital camera, which has a built-in video system that allows scenes to be shot and viewed immediately.
BUSINESS
February 7, 1989 | By Larry Fish, Inquirer Staff Writer
Ametek Inc., a Paoli manufacturing company that spun off some operations by distributing stock in a new company to shareholders in December, reported that profits fell in the last quarter of 1988. Part of the decline, according to the company, stemmed from higher costs of raw materials. For the full year, income from continuing operations totaled $35.1 million, or 80 cents a share, compared with $36.7 million, or 84 cents a share, in 1987. Profit in 1988 was reduced by a loss of $4.6 million by the businesses that were spun off as Ketema Inc. In 1987, the businesses that were to become Ketema had profit of $4.5 million.
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BUSINESS
December 18, 2012
In the Region New CEO at Doylestown Hospital Doylestown Hospital said James Brexler will become its next president and chief executive officer, succeeding Richard A. Reif, who is retiring after 23 years in those positions. Brexler, 60, is to take over in mid- to late January, the hospital said. Brexler had been chief executive of Erlanger Health System in Chattanooga, Tenn., for eight years before retiring suddenly last November amid a board shake-up of senior management, according to local reports.
BUSINESS
June 18, 2012
Securities trades recently reported to the Securities and Exchange Commission by officers, directors and principal shareholders of corporations based or having sizable employ- ment in the Philadelphia area. Titles are as reported to the SEC.   Ametek Inc. John Wesley Hardin , officer, sold 2,378 shares at $51.56 on Jun. 11, and now directly holds 51,290 shares. Timothy N. Jones, officer, sold 41,561 shares at $52.50 on Jun. 11, and now directly holds 78,850 shares.
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