Park-Ohio Holdings Corp.
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About
Park-Ohio Holdings Corp. operates as a diversified industrial supply chain company serving manufacturers across North America and internationally. Headquartered in Cleveland, Ohio, the company conducts business through three principal segments: Supply Technologies, Assembly Components, and Engineered Products. The Supply Technologies segment provides customers with total supply management services for a broad range of high-volume, specialty production components. Assembly Components manufactures fasteners, stampings, and other precision components primarily for the automotive and heavy-duty truck industries. The Engineered Products segment produces highly engineered products including induction heating and melting systems, pipe threading systems, and precision machinery. Park-Ohio serves diverse end markets including automotive, aerospace, defense, heavy-duty truck, construction equipment, and industrial manufacturing. The company operates approximately 75 facilities worldwide and employs around 6,700 people. Park-Ohio maintains long-standing relationships with major manufacturers and positions itself as a critical partner in customers' supply chains through its integrated business model. Recent strategic focus includes operational improvements, facility consolidations, and margin enhancement initiatives to strengthen profitability. The company reports annual revenues of approximately $1.2 billion and trades on the NASDAQ exchange under the ticker symbol PKOH. Park-Ohio was founded in 1907 and has evolved from a single steel forging operation into a comprehensive supply chain solutions provider.