ohol Systems, Inc. became the fifteenth loan in NCIC's portfolio when they closed in November, 1996.
Kohol Systems designs, manufactures, and installs | [Table of Contents] | [page 2] |
| Volume 1, Issue 4 | Winter, 1997 |
ohol Systems, Inc. became the fifteenth loan in NCIC's portfolio when they closed in November, 1996.
Kohol Systems designs, manufactures, and installs
| complete flexible automation systems. The company was
founded in 1978 by Vern Mangold, its President. Kohol services the foundry robot automation market and the material handling robot automation market. The
company also offers robot aftermarket parts and services as well as automation engineering services. NCIC is working in conjunction with Huntington Bank to help finance certain working capital requirements that the company has, after the separation from Figgie International. Kohol bought out Figgie's share of the company in early 1996. Figgie (Cleveland, Ohio) is a publicly traded conglomerate that held the controlling interest of Kohol, until the recent divestiture. In addition to designing and manufacturing customized automation systems Kohol now offers a variety of standard products primarily to the die casting industry. Kohol manufactures and sells hydraulic trim presses, casting coolers, fume extraction systems, die lubrication systems, and index tables. | The company services over 100 accounts and their customer
base includes a number of well known companies such as
Allied Signal, General Motors, Chrysler, Cincinnati Milacron,
and Ford. Kohol is located in Centerville, Ohio and operates within a 34,000 square foot facility. Through a process of targeting specific niches the company anticipates doubling its size within a four year period. Kohol has the ability to take a project from the early design stage through to the final assembly and installation, including augmenting any customized system with the necessary standard products that the company offers. The company has a national presence and is looking at exporting to help support its projected growth. Mr. Mangold is well respected throughout the automation and die casting community. He is a member of the North American Die Casting Association, Robotic Industries Association, Society of Manufacture Engineers, and the American Welding Society. He not only maintains membership in these organizations but is an active committee participant as well. NCIC is excited about the potential growth of this manufacturing operation and is looking forward to maintaining a supportive relationship with the company for the next several years. We hope to help kick start this growth pattern that Kohol has identified in its business plan and then hand it off to other conventional financing sources. |
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