Park-Ohio Holdings Corp. (PKOH)

Overview

Park-Ohio Holdings Corp., founded in 1907 and based in Cleveland, Ohio, plays a significant role in global supply chain management by offering outsourcing services, capital equipment, and manufactured components across the United States, Europe, Asia, Mexico, Canada, and other international markets. The company operates through three major segments: Supply Technologies, Assembly Components, and Engineered Products. These segments collectively provide a comprehensive range of services from engineering support to the delivery of parts and components, catering to various industries including automotive, industrial, aerospace, and the construction equipment sectors. Park-Ohio's approach combines technical expertise with a deep understanding of the supply chain to offer solutions that enhance efficiency and reduce costs for its clients.

Products and Services

• Total Supply Management: Within the Supply Technologies segment, Park-Ohio offers Total Supply Management services, which encompass engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support. These services are essential for companies looking to optimize their supply chain processes and ensure product quality.
• Production Components: This service provides clients with a wide array of components such as valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, and steering components. Park-Ohio also specializes in the engineering and manufacture of precision cold-formed and cold-extruded fasteners, including locknuts, SPAC nuts, SPAC bolts, and wheel hardware.
• Assembly Components: The Assembly Components segment focuses on automotive and industrial parts including direct fuel injection fuel rails and pipes, fuel filler pipes, and flexible multi-layer plastic and rubber assemblies. Also, this segment offers turbo charging and coolant hoses along with value-added services like design engineering, machining, and parts assembly.
• Engineered Products: Park-Ohio’s Engineered Products segment delivers bespoke industrial solutions such as induction heating and melting systems, pipe threading systems, and a wide variety of forged and machined products for metal processing, automotive, and construction equipment industries. This segment also offers comprehensive services including the engineering and installation of mechanical forging presses, sale of spare parts, field services, forging of aerospace and defense structural components (e.g., landing gears and struts), and the manufacture of rail products like railcar center plates and draft lugs.