There are about 6,000 associates who are working for Park-Ohio Holdings, an industrial supply chain logistics and diversified manufacturing company. The business operates on a global scale and offers its services to a wide range of industries. It is in Cleveland, Ohio that the company holds its corporate office.
Incorporated in February 1998, the business was created in 1907 and has grown its operations through the company’s aggressive stance in acquiring competing businesses. Through a series of acquisitions, the company was able to diversify its offerings. The main subsidiary of the business is the Park-Ohio Industries, Inc., which has several subsidiaries under its umbrella operations. There are three reporting segments within the company, namely Assembly Components, Engineered Products and Supply Technologies. These segments generate the company’s annual revenue of more than $1.4 billion.
The Assembly Components segment manufactures various products, including industrial rubber, thermoplastic products, fuel filler and hydraulic assemblies, cast and machined aluminum components. These products are used in the automotive, heavy-duty truck, marine equipment, construction equipment and agriculture equipment industries. Additionally, the segment provides design, engineering, assembly and machining services. The Engineered Products department works with original equipment manufacturers (OEMs), and to end users of ferrous and non-ferrous metals. It designs and manufactures a wide range of products that are specific to the needs of their business partners. The Supply Technologies unit of Park-Ohio Holdings offers Total Supply Management services and works with a range of consumers.
The customer base of the company is mostly listed on the Global 2000 companies in the field of household products, business, personal items, infrastructure and automotive. Park-Ohio Holdings maintains a total of 90 manufacturing facilities. These sites also host the distribution and service capacity of the company. The company is listed on the NASDAQ and markets its common shares using the ticker symbol PKOH.
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