NAUGATUCK, Conn.--(BUSINESS WIRE)--Mar. 11, 2009--
The Eastern Company (AMEX-EML) today announced that it has engaged
Morgan Joseph & Co. Inc., a leading Global Investment Bank, as its
financial advisor to assist the company in identifying and negotiating
potential acquisition targets and to provide general financial advisory
services as the company executes its current business plans.
Engaging Morgan Joseph will assist The Eastern Company in its efforts to
focus on acquisition opportunities in order to enhance its current core
businesses in Security and Industrial Hardware products especially where
the Company can utilize its strong engineering and manufacturing
capabilities. They will also provide the support needed in our efforts
to target larger opportunities than in the past. The Company is not
obligated to make any comments on its process or progress unless it
deems such developments to be significant to warrant additional
Morgan Joseph & Co. Inc. is a full service investment banking firm
headquartered at 600 Fifth Avenue in New Your City. It has 150 employees
and offices in eleven cities dedicated to serving middle market
companies. The firm’s primary focus is on providing financial advisory
and capital raising services in the U.S., Asia and Europe. Its services
include merger and acquisition advice, restructuring advice, private
placement and public offerings of debt and equity.
For more information, go to www.morganjoseph.com.
The Eastern Company is a 150-year-old leading manufacturer of vehicular
and industrial hardware, locks, metal castings, coin collection and
smart card products. It operates from nine locations in the U.S.,
Canada, Mexico, Taiwan and China. The diversity of the Company’s
products enables it to respond to the changing requirements of a broad
array of markets.
Information in this news release contains statements which reflect the
Company’s current expectations regarding its future operating
performance and achievements. Actual results may differ due to the many
economic uncertainties that affect the Company’s business environment.
Further information about the potential factors which could affect the
Company’s financial results are included in the Company’s reports and
filings with the Securities and Exchange Commission. The Company is not
obligated to update or revise the aforementioned statements for those
Source: The Eastern Company
The Eastern Company
Leonard F. Leganza or John L. Sullivan III,
Morgan Joseph & Co. Inc.