Tuesday, September 30, 2003

Tristate summary

Hillenbrand sells product unit

Staff/wire reports

Hillenbrand Industries Inc. has agreed to sell its Pennsylvania-based infant care business to Drager Medical AG & Co.

Financial details weren't disclosed, but Batesville, Ind.-based Hillenbrand said its Air-Shields unit, in Hatboro, Pa., employed 200 and had worldwide sales of $40 million last year.

Air-Shields makes incubators and other infant care products. Drager, based in Lubeck, Germany, said the acquisition, which should be completed early next year, will give it greater access to the U.S. neonatal market.

Hillenbrand said its Hill-Rom unit will retain its maternal care business.

Ky. Candidates speaking here

Gubernatorial candidates Ben Chandler and Ernie Fletcher are expected to discuss the economy as the featured speakers at the annual dinner of the Northern Kentucky Chamber of Commerce.

Tonight's event will be at the Northern Kentucky Convention Center in Covington. A cocktail reception and silent auction open the evening at 5:30 p.m. with the dinner program beginning at 7.

Cost to attend is $60 a person. Call (859) 578-6395.

New CFO at Gallatin Steel

Gallatin Steel, the flat-rolled carbon steel maker outside Warsaw, Ky., has named Tobin Pospisil as chief financial officer. He succeeds Ed Puisis, who recently resigned.

Pospisil previously was with GS Industries Inc. in Charlotte, N.C., for 13 years. He will oversee finance, administration and information systems and report to Don Daily, vice president and general manager of the 400-employee company.

Kmart warehouse workers OK deal

Workers at a Kmart Distribution Center in Bazetta Township near Warren, Ohio, have approved a three-year contract.

United Auto Workers Local 2901 president Carman Greene said the vote Sunday was 274-to-101 in favor of accepting the new pact.

The distribution center's workers previously gave the UAW strike authorization. However, Greene said both sides agreed to continue working through the negotiation process.

Some of the main issues resolved included vacation time, limiting overtime and productivity standards. Greene said the union will be included in the process of measuring employee productivity.

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