The Eastern Company Corporate Profile
The Eastern Company manages industrial businesses that design, manufacture and sell unique engineered solutions to industrial markets. We believe Eastern’s businesses operate in industries with long-term macroeconomic growth opportunities. We look to acquire businesses that produce stable and growing earnings and cash flows. Eastern may pursue acquisitions in industries other than those in which its businesses currently operate if an acquisition presents an attractive opportunity.
Eastern focuses on proactive financial, operational, and strategic management of its businesses in order to increase cash generation, operating earnings and long-term shareholder value. Among other things, Eastern monitors financial and operational performance of each of its businesses and instills consistent financial discipline. Eastern’s management analyzes and pursues prudent organic growth strategies and works to execute attractive external growth and acquisition opportunities. In addition, Eastern recruits and retains talented managers to operate its businesses. We look for leaders who are accountable, maintain cost discipline, act quickly, and build strong followership.
The Engineered Solutions segment consists of Big 3 Precision, Eberhard Manufacturing Company, and Velvac. These businesses design, manufacture and market a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable
packaging solutions, access and security hardware, mirrors, and mirror-cameras.
Big 3 Products and Big 3 Mold’s turnkey returnable packaging solutions are used in the assembly processes of vehicles, aircraft
and durable goods and in the production processes of plastic packaging products, packaged consumer goods and pharmaceuticals.
Big 3 Products works with leading manufacturers to design and produce custom returnable packaging to integrate with their
assembly processes. Big 3 Mold is a global leader in the design and manufacture of blow mold tools.
Eberhard is a global leader in the engineering and manufacturing of access and security hardware. Eberhard offers rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles among other products, as well as comprehensive development and program management services for custom electromechanical and mechanical systems designed for specific original equipment manufacturers (“OEMs”) and customer applications. Eberhard’s products are found in an expansive range of applications and products globally.
Velvac is the premier designer and manufacturer of proprietary vision technology for OEMs and aftermarket applications, and a
leading provider of aftermarket components to the heavy-duty truck market in North America. Velvac serves diverse, niche
segments within the heavy- and medium-duty truck, motorhome, and bus markets.
The Diversified Products segment consists of Frazer & Jones; Greenwald Industries; and Argo EMS. Frazer & Jones designs and manufactures high quality ductile and malleable iron castings. Products include valves, torque screws, bean clamps and concrete anchors. These products are sold to a wide range of industrial markets, including the oil, water and gas; truck/automotive rail, and military/aerospace. The Company believes that Frazer & Jones is the largest and most efficient producer of expansion shells for use in supporting the roofs of underground mines in North America. Greenwald designs, manufactures and markets payment systems and coin security products used primarily in the commercial laundry market. Greenwald’s products include timers, drop meters, coin chutes, money boxes, meter cases, mobile payment apps, smart cards, value transfer stations, smart card readers, card management software, and access control units. Argo EMS supplies printed circuit boards and other electronic assemblies to OEMs in various industries, including measurement systems, semiconductor equipment manufacturing, and industrial controls, medical and military products.