Bairnco Announces Strike at Kasco's St. Louis, Missouri Plant
04 Oktober 2004 - 4:18PM
PR Newswire (US)
Bairnco Announces Strike at Kasco's St. Louis, Missouri Plant LAKE
MARY, Fla., Oct. 4 /PRNewswire-FirstCall/ -- Bairnco Corporation
(NYSE:BZ) reported today that Kasco's 30 hourly union employees at
its manufacturing and distribution facility located in St. Louis,
Missouri went on strike. Discussions toward resolution of the work
stoppage are continuing. Management intends to continue operating
the plant during the strike. Bairnco Corporation is a diversified
multinational company that operates two distinct businesses --
Arlon (Electronic Materials and Coated Materials segments) and
Kasco (Replacement Products and Services segment). Arlon's
principal products include high technology materials for the
printed circuit board industry, cast and calendered vinyl film
systems, custom-engineered laminates and special silicone rubber
compounds and components. Kasco's principal products include
replacement band saw blades for cutting meat, fish, wood and metal,
and on site maintenance primarily in the meat and deli departments.
Kasco also distributes equipment to the food industry in France.
"Safe Harbor" Statement under the Private Securities Reform Act of
1995 Statements in this press release referring to the expected
future plans and performance of the Corporation are forward-looking
statements. Actual future results may differ materially from such
statements. Factors that could affect future performance include,
but are not limited to, disruptions in operations due to labor
disputes; changes in U.S. or international economic or political
conditions, such as inflation or fluctuations in interest or
foreign exchange rates; renegotiation of the Corporation's Credit
Agreement; the costs and other effects of legal and administrative
cases and proceedings, settlements and investigations; changes in
the pricing of the products of the Corporation or its competitors;
the market demand and acceptance of the Corporation's existing and
new products; the impact of competitive products; changes in the
market for raw or packaging materials which could impact the
Corporation's manufacturing costs; changes in the product mix; the
loss of a significant customer or supplier; production delays or
inefficiencies; the impact on production output and costs from the
availability of energy sources and related pricing; the ability to
achieve anticipated revenue growth, synergies and other cost
savings in connection with acquisitions and plant consolidations;
the costs and other effects of complying with environmental
regulatory requirements; and losses due to natural disasters where
the Corporation is self-insured. While the Corporation periodically
reassesses material trends and uncertainties affecting the
Corporation's results of operations and financial condition in
connection with its preparation of its press releases, the
Corporation does not intend to review or revise any particular
forward-looking statement referenced herein in light of future
events. DATASOURCE: Bairnco Corporation CONTACT: Larry D. Smith,
Vice President of Administration of Bairnco Corporation,
+1-407-875-2222, ext. 226 Web site: http://www.bairnco.com/
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