Standex International Corporation(NYSE:SXI) today announced that its Food Service Equipment Group has opened the Standex Culinary Development Center in Allen, Texas. The new 21,000 square foot facility will be used for training, product development and key customer visits. It also serves as the corporate office for the Cooking Solutions Group of companies, including APW Wyott, Bakers Pride, BevLes, TriStar and BKI. The Culinary Development Center features a state-of-the-art demonstration center equipped with the most innovative equipment offered by the Standex family of Cooking and Refrigeration brands. The facility is centrally located north of Dallas, Texas in a region where many national chains are headquartered. “The new Standex Culinary Development Center enables us to strengthen relationships with our customers and sales representatives while enhancing our ability to offer innovative solutions to the market,” said John Abbott, Group Vice President, Standex Food Service Equipment Group. “The Culinary Development Center provides our customers with an opportunity to create production systems by integrating Standex’s cooking and refrigeration offerings in a prototype environment. Customer feedback from the evaluation of our products and workflow in a real-life environment enables us to develop custom solutions specifically suited to their needs. Our sales representatives also will be using the Culinary Development Center to better understand the features and benefits of our comprehensive hot and cold offerings.” To launch the new Culinary Development Center, Standex Food Service Equipment Group recently held an intensive two-day training session for its sales representatives. The session highlighted new product lines that Standex will be introducing at the North American Association of Food Equipment Manufacturers Show from February 7-9 in Orlando, Florida. About the Standex Food Service Equipment Group The Food Service Equipment Group (FSEG) is a broad-line manufacturer of commercial food service equipment, including walk-in coolers and freezers, refrigerated, non-refrigerated and hot display cabinets and storage systems, commercial ovens, rotisseries and cooking equipment, bakery and deli display cases, hot food counter-top products, patient feeding systems, rotary vane pumps and stainless steel fabrication, millwork and solid surface stonework. The majority of the FSEG businesses are grouped into two divisions, Standex Cooking Solutions Group and Standex Refrigerated Solutions Group. FSEG enjoys market leadership positions and strong brand recognition in the food service industry with each of its leadership companies: American Foodservice, APW Wyott, Bakers Pride, BKI, Tri-Star, Federal Industries, Kool Star, Master-Bilt, Nor-Lake, Inc. and Procon. The group employs over 1,500 with manufacturing facilities in Ireland, Mexico, Mississippi, New York, South Carolina, Tennessee, Texas, Wisconsin and Wyoming. In addition to the U.S., FSEG has an established presence in Europe and is developing or expanding distributor relationships in Africa, Asia, Australia and South America. About StandexStandex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Engineering Technologies Group, Engraving Group, Electronics Products Group, and Hydraulics Products Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, Korea, India and China. For additional information, visit the Company's website at www.standex.com.
Standex International Corporation (NYSE:SXI) hit a new 52-week high Thursday as it is currently trading at $39.18, above its previous 52-week high of $39.11 with 35,744 shares traded as of 12:10 p.m. ET. Average volume has been 66,600 shares over the past 30 days.