New Contract Propels Metal Stamping Company Into New Market
TOLEDO, Ohio – June 16, 2008 – Ice Industries, a leading metal stamping, welding and assembly company, has signed a contract to make parts for the world’s largest manufacturer of fire safety products. Ice has now expanded its product offerings to include assemblies for fire extinguishers.
Ice will produce deep drawn and welded steel cylinders for Kidde’s UTC Fire & Security Division. The five-year, $60 million contract calls for Ice to manufacture four sizes of cylinders: 2.5 pound, 5 pound, 10 pound and 20 pound.
Ice will service Kidde from its Ice Mexico facility in Monterrey, Nuevo Leon, Mexico and ship the parts to Kidde in Matamoros, Mexico.
“Working with the largest fire extinguisher manufacturer is a significant advancement for Ice Industries as we continue to diversify and increase the number of markets we serve,” said Paul Bishop, President and Chief Operating Officer, Ice Industries. “Kidde’s confidence in us makes a strong statement for our decision to expand into Mexico which allows us to serve our customers throughout all of North America."
About Kidde
As the world’s largest fire safety manufacturer, Kidde’s mission is to provide solutions that protect people and property from the effects of fire and its related hazards. For 90 years, Kidde’s Residential and Commercial Division has offered superior fire safety technology in its smoke alarms, carbon monoxide alarms, fire extinguishers and other life-safety products. Based in Mebane, NC, Kidde is part of UTC Fire & Security, a division of United Technologies Corporation (NYSE:UTX). UTC Fire & Security is a leading global supplier of fire safety and security services, serving government, industrial, commercial and retail industries. For more information, visit www.kidde.com.
About Ice Industries
Ice Industries is a metal stamping, welding and assembly company based in Sylvania, Ohio. The company operates four facilities: Deerfield Manufacturing in Mason, Ohio; Grenada Stamping and Assembly in Grenada, Mississippi; Ronfeldt Manufacturing in Toledo, Ohio; and Ice Mexico in Monterrey, Nuevo Leon, Mexico. The company works with leaders in the automotive, appliance and heat transfer/HVACR industries, among others. For more information, please visit www.iceindustries.com.