Page 19: of Maritime Reporter Magazine (November 1983)

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ACR Projects Business

Improvement For 1984

ACR Electronics, Inc., manufac- turers of marine search, safety and rescue equipment, held its an- nual National Sales Conference

August 11-13 in Ft. Lauderdale.

This year an expanded program included all regional ACR sales representatives and their wives.

The conference reviewed sales forecasts and projected a 20 per- cent increase in all territories for the upcoming fiscal year.

Last year's sales accomplish- ments were recognized in a formal ceremony. Ray Thomas of Ray

Thomas and Associates-Houston was cited as top producer for ACR.

Representative organization of the year was awarded to Ocean Mar- keting-Boston (previously Peter

Sutton Co.). The largest percentage increase of sales was granted to

Jack Laurain of Rhumb Line-

San Diego.

According to George Woods, new marketing programs were in- troduced to strengthen ACR's user awareness including the 1983/84 media schedule, new literature, price schedules, terms and poli- cies, a revised inquiry handling and screening program, and a dealer kit.

For information on ACR products,

Write 39 on Reader Service Card

Salen & Wicander Opens

South Korean Office

Salen & Wicander AB, Solna,

Sweden, has opened an office in

Pusan, South Korea, promoting all the group products including Si- wertell ship unloaders and marine radars. The office will be managed by Hans Reppling. Concurrently,

Tommy Olsson will become man- ager of the Jungner Marine New

York office, and Claes Lindblad will assume management of the

Gothenburg office.

Ogden Corporation

Announces Spinoff Of

Ogden Marine Inc.

Ralph E. Ablon, chairman of

Ogden Corporation, has an- nounced that Ogden's board of di- rectors have approved a plan to distribute the stock of Ogden Ma- rine, Inc. (OMI) to Ogden stock- holders. It is expected that the spi- noff will be completed in late

December 1983 or early 1984, con- ditioned upon deliveries of three vessels later in the year, and com- pletion of certain pending financ- ings and other matters. OMI cur- rently owns and operates 29 oceangoing ships approximating 1,780,000 deadweight tons, includ- ing 18 tankers, 5 bulk carriers, 3 car/bulk carriers, 2 liquefied petro- leum gas vessels and 1 ore/bulk/oil carrier.

Ogden is seeking a ruling from the Internal Revenue Service that the spinoff will be tax-free to Og- den stockholders and expects the ruling to be favorable. The exact record date, distribution date and ratio for the OMI spinoff will be announced later. The OMI shares will trade in the over-the-counter market.

Mr. Ablon said that the spinoff supports the Ogden strategy of emphasizing service activities which are not debt-intensive, cap- ital-intensive or cyclical. He added that the capital commitments re- quired to maintain and expand the

OMI fleet would conflict with the services-oriented strategy.

Following the spinoff, OMI's current management is expected to continue. Michael Klebanoff, president of OMI, will also con- tinue to serve on the Ogden board.

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November 1, 1983 Write 605 on Reader Service Card 13

Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.