Saturday, August 12, 2000

Tristate Business Summary

Chemed buys back franchise
        Roto-Rooter Services Co., a unit of Chemed Corp., has acquired its franchise in Temple, Texas, for an undisclosed price.

        The franchise, which serves a population of 365,000 in five Texas counties, generated revenues of more than $800,000 last year. Chemed, which has been reacquiring franchises as part of its growth strategy, said the business would be operated by an independent contractor.

Knife & Saw reports loss

               Erlanger-based International Knife & Saw Inc. reported lower earnings before taxes but higher sales for the second quarter.

        As of June 30, the manufacturer of industrial cutting equipment reported a loss before taxes of $4.3 million vs. a loss before taxes of $1.2 million a year ago. The most recent quarter included $2.6 million in charges.

        Revenues were $41.3 million versus $37.3 million a year ago.

Securities chief named

               Debbie Dye Joyce was appointed Ohio commissioner of securities this week. She replaces Thomas E. Geyer, who was promoted to assistant director of the Ohio Department of Commerce.

        Acting commissioner since June 5, Ms. Joyce most recently served as chief of the registration section in the division of securities since 1996.

        She has served at Commerce since 1986.

— From staff reports


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