Management Buys The Austin Co. p.38

By: Jim Rosenberg THE AUSTIN CO., headquartered in Cleveland, was sold by National Gypsum Co. to a management group.
Led by Austin president and CEO J. William Melsop, the new owners include chief operating officer Patrick B. Flanagan and chief financial officer M. Glenn Hobratschk (both executive vice presidents) and other senior managers.
Charlotte-based National Gypsum bought the international engineering and construction firm from Austin family members and employee stockholders in 1984. The company, founded in 1878, operates 35 offices in North America and Europe and has associated companies in Italy, the Netherlands, Australia and Argentina.


?( E&P Web Site: http://www.mediainfo.com)
?(copyaright: Editor & Publisher June 21, 1997)