Baldt Announces Corporate Reorganization

In an effort to more efficiently serve the shipbuilding and offshore markets, Baldt Inc., Chester, Pa., announced a major corporate reorganization.

The announcement was made by James E. Palmer, company president. The reorganization includes the formation of three operating divisions—Marine Products, Distribution and Safety Products & Systems.

The Marine Products Division will manufacture, procure and market the traditional Baldt proprietary products. Their selling activities will be concentrated on North American shipyards, governmental agencies and related customers and distributors.

The Distribution Division will consist of Dreyfus Supply and Machinery Corp., Washington Chain and Supply, Inc., Tri-Tex Marine Inc., and Baldt European Sales Division.

This group of wholly owned subsidiaries will continue to operate independently by their existing local managements. However, a corporate ombudsman will be appointed to provide more timely communications and attention to operating problems and opportunities.

The immediate task of the third division, Safety Products & Systems, will be the successful commercialization of the Moor-Free II Rapid Release System as well as the integration, promotion and development of Remote Systems Technology Inc., a newly acquired subsidiary.

Long-term goals include the development and marketing of higher technology, engineered products and/or services that are related to the safety and security of personnel and equipment.

"The principal objectives of this new plan are twofold," said Mr.

Palmer. "First is the redirection of our planning, promotional image, and future investments toward safety related products and systems.

Moor-Free, its technology and subsequent derivative products will be the early cornerstone of this effort.

Second is to regroup our existing resources to optimize the current businesses and the markets they serve," he said.

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Maritime Reporter Magazine, page 20, Oct 15, 1985

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