It didn't take TMAX long to start to grow. Bogner appears profitable but it does not say how all the shares of Bogner were acquired, cash or issue TMAX shares.
Trans Max Technologies Acquires Bogner Industries's Stock
14:39 EDT Thursday, August 12, 2004
LAS VEGAS (Business Wire) -- Trans Max Technologies, Inc. (OTCBB: TMAX) has announced that effective July 15, 2004 it acquired 100% of the issued and outstanding stock of Bogner Industries Inc., a New York corporation, and that, therefore, Bogner Industries is now a wholly-owned subsidiary of Trans Max.
Bogner Industries is a manufacturing and engineering company that designs and manufactures equipment for the food processing industry, the pharmaceutical industry, the cosmetics industry and related Industries. The list of products manufactured and sold by Bogner Industries range from small stand-alone conveyors, to robotic systems, and to multi-million-dollar food processing lines.
Bogner Industries was founded in 1995 by Erwin Bogner and Ruediger Albrecht based on the idea of needed plant automation. Plant automation in most industries is the driving force behind the allocation of capital funds, plant expansion and equipment purchases. Bogner Industries' success is largely attributable to Mr. Bogner's education and experience in engineering and Mr. Albrecht's background in sales, management and business development.
Now in its tenth year of operation, Bogner Industries, based on unaudited financial information, it expects to exceed last year's sales of $6.7 million with a net profit of approximately $966,000.
With the vast array of equipment it has manufactured, Bogner Industries has developed a loyal following of customers. The company's customer list includes names such as Rich Products, Entenmanns Bakery, George Weston Bakeries, McCain Foods, Tasty Kake, Bunge Foods, Marathon Cheese, Freihofer Bakery, Kraft Foods, Pall Corporation, Estee Lauder Cosmetics, Budd Foods, JM Smuckers, Pillsbury Company, Nabisco, Nestle Prepared Foods and Wenner Bread Products.
As an added benefit to equipment sales, a respectable parts business was developed and has begun to contribute to the bottom line in recent years. As Bogner Industries manufactures more and more equipment, a steady increase in parts sales is also expected
