Harnischfeger Industries dug deep to make a deal with Dobson Mining holdings expand with acquisitions of Dobson; HARNISCHFEGER INDUSTRIES INC. COMPANY: Harnischfeger Industries Inc., Brookfield, is a holding company for manufacturing companies that make underground and above-ground mining equipment (Joy Technologies), papermaking machinery (Beloit Corp.) and material handling equipment (Harnischfeger Corp.). SALES: Fiscal 1995 sales were $2.15 billion, up about 39% from $1.55 billion in 1994. Papermaking machinery sales were $970 million; mining equipment, $942 million; and material handling, $240 million. HISTORY: Founded in 1884 as a machine shop by Alonzo Pawling and Henry Harnischfeger, the company moved into the material handling business in 1888 and the surface mining equipment business after World War I, its shovels carrying the P&H logo. In 1994, Harnischfeger bought Joy Technologies Inc., a major maker of underground mining equipment. It added Dobson Park Industries Plc, a British underground mining firm, in late 1995. Harnischfeger entered the papermaking machinery business in 1986, buying Beloit Corp. OPERATIONS: The company has plants in the U.S., Europe, Southeast Asia, South America, South Africa, Australia and Canada, and employs 16,250 worldwide, including 1,900 at four Milwaukee-area facilities.; DOBSON PARK INDUSTRIES Plc COMPANY: Dobson Park Industries Plc, based in Wigan, England, was made up of nine businesses when purchased by Harnischfeger in 1995, the largest being Longwall International, an underground mining equipment maker. The others included businesses that made systems controls, plastics and toys. Dobson began buying industrial electronics companies in 1987 to focus on that industry and sold its mining units in 1993. However, it repurchased the mining business in 1994. Harnischfeger is in the process of selling off all the units, except Longwall. SALES: The company's annual sales have been about $500 million, with Longwall making up about two-thirds of its annual revenue. OPERATIONS: The company has 16 plants in the U.S., Australia, Poland, South Africa, India and England. Worldwide, it employs about 3,200 people.

From: The Milwaukee Journal Sentinel | Date: April 8, 1996| Author: MARK SAVAGE | Copyright information

On a warm August weekend in 1994, a handful of executives settled into quarters at Pittsburgh's historic William Penn Hotel.

The William Penn, like Milwaukee's Pfister Hotel, is an old-money meeting place, the type of spot where deals are done quietly, out of the limelight.

That's just what the executives of two huge mining concerns had in mind. Brookfield-based Harnischfeger Industries Inc., which has a strong above-ground mining business, was looking to buy Joy Technologies...

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Harnischfeger Industries dug deep to make a deal with Dobson Mining holdings expand with acquisitions of Dobson; HARNISCHFEGER INDUSTRIES INC. COMPANY: Harnischfeger Industries Inc., Brookfield, is a holding company for manufacturing companies that make underground and above-ground mining equipment (Joy Technologies), papermaking machinery (Beloit Corp.) and material handling equipment (Harnischfeger Corp.). SALES: Fiscal 1995 sales were $2.15 billion, up about 39% from $1.55 billion in 1994. Papermaking machinery sales were $970 million; mining equipment, $942 million; and material handling, $240 million. HISTORY: Founded in 1884 as a machine shop by Alonzo Pawling and Henry Harnischfeger, the company moved into the material handling business in 1888 and the surface mining equipment business after World War I, its shovels carrying the P&H logo. In 1994, Harnischfeger bought Joy Technologies Inc., a major maker of underground mining equipment. It added Dobson Park Industries Plc, a British underground mining firm, in late 1995. Harnischfeger entered the papermaking machinery business in 1986, buying Beloit Corp. OPERATIONS: The company has plants in the U.S., Europe, Southeast Asia, South America, South Africa, Australia and Canada, and employs 16,250 worldwide, including 1,900 at four Milwaukee-area facilities.; DOBSON PARK INDUSTRIES Plc COMPANY: Dobson Park Industries Plc, based in Wigan, England, was made up of nine businesses when purchased by Harnischfeger in 1995, the largest being Longwall International, an underground mining equipment maker. The others included businesses that made systems controls, plastics and toys. Dobson began buying industrial electronics companies in 1987 to focus on that industry and sold its mining units in 1993. However, it repurchased the mining business in 1994. Harnischfeger is in the process of selling off all the units, except Longwall. SALES: The company's annual sales have been about $500 million, with Longwall making up about two-thirds of its annual revenue. OPERATIONS: The company has 16 plants in the U.S., Australia, Poland, South Africa, India and England. Worldwide, it employs about 3,200 people.
The Milwaukee Journal Sentinel ; On a warm August weekend in 1994, a handful of executives settled into quarters at Pittsburgh's historic William Penn Hotel. The William Penn, like Milwaukee's Pfister Hotel, is an old-money meeting place, the type of spot where deals are done quietly, out of the limelight. That's just what the
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