- CEO
- Matthew V. Crawford
- Full Time Employees
- 6,300
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- 6065 Parkland Boulevard Cleveland OH United States of America 44124
- IPO Date
- Feb 21, 1973
- Business
- Park-Ohio Holdings Corp. operates as a diversified industrial company specializing in supply chain management outsourcing, capital equipment manufacturing, and production of engineered components. The company’s business is organized into three segments: Supply Technologies, Assembly Components, and Engineered Products. The Supply Technologies segment provides Total Supply Management™ services, including vendor managed inventory (VMI), kitting, and assembly, which optimize supplying production parts and materials to manufacturing floors. Assembly Components include manufactured aluminum products, rubber, and plastic components used in various industrial applications. The Engineered Products segment designs and manufactures capital equipment such as induction heating and melting systems, tube and pipe threading and bending equipment, as well as forged and machined components. Park-Ohio serves diverse markets including aerospace and defense, automotive and vehicle parts, heavy-duty trucks, semiconductor, medical equipment, agriculture, and many others, operating across the United States, Europe, Asia, Canada, and Mexico. The company was founded in 1907 and is headquartered in Cleveland, Ohio.
Recent major developments include the acquisition of EMA Indutec GmbH in February 2024, which expanded Park-Ohio’s global footprint in the induction heating equipment business across Germany and Europe. The company completed a $350 million senior notes refinancing mid-2025 and extended its revolving credit facility maturity by five years, demonstrating strategic financial management. Park-Ohio reported record bookings of $85 million in new capital equipment orders, including a significant $47 million order in its Engineered Products segment. The management has emphasized a focused capital allocation on core products and bolt-on acquisitions that complement existing operations, targeting adjacent markets or product lines. Park-Ohio continues its strategic expansion via acquisitions and organic growth while addressing supply chain and customer concentration risks primarily within automotive and heavy-duty truck industries.
The company’s integrated supply chain logistics services and diversified manufacturing capabilities position it as a critical partner to industrial manufacturers, offering comprehensive solutions that span from component supply to production efficiency-enhancing capital equipment. Its strategic initiatives and financial instruments aim to enhance profitability and operational scale across global markets.
This overview incorporates Park-Ohio’s core products and services, geographic reach, and the latest strategic moves signaling its ongoing evolution as a leading industrial supply chain and manufacturing specialist.