Davis-Standard, which makes extrusion systems, blow molding machines and controllers, continued in 1995 to be the strongest unit of parent Crompton & Knowles Corp. Crompton & Knowles said Davis-Standard generated revenue of $279.9 million in 1995, a 42.6 percent increase from 1994 sales of $196.2 million.
Operating profit at Davis-Standard increased by 24.8 percent, to $40.2 million, from $32.2 million in 1994.
Davis-Standard had a $72 million equipment backlog at the close of fiscal 1995, ended Dec. 30. In 1994, the backlog was $66 million.
Sales at Davis-Standard have nearly doubled since 1993. The growth has come through acquiring other companies and in-creased business.
The Pawcatuck, Conn., company has purchased seven plastics machinery companies since 1991. The latest, announced Jan. 4, 1995, was the acquisition of ER-WE-PA of Erkrath, Germany, which makes equipment for extrusion coating, cast film and sheet.
An indication of how important Davis-Standard has become to the future of Crompton & Knowles was suggested in the ER-WE-PA announcement. Cromp-ton & Knowles officials hinted they might restructure the company, including possibly selling the $100 million specialty ingredients unit.
The proceeds could be used to acquire more plastics machinery companies.
Meanwhile, dyes used in clothing continued to be the weakest business of the Stamford, Conn.-based Crompton & Knowles. Sales of dyes declined 4.3 percent in 1995, to $284 million.
The company's specialty ingredients business grew by 5 percent, to $101.6 million, in 1995.
Companywide, Crompton & Knowles reported higher sales but lower profit last year. Crompton & Knowles reported 1995 sales of $665.5 million, a 12.8 percent increase over 1994 sales of $589.8 million.
Crompton & Knowles reported a 1995 profit of $40.5 million vs. $50.9 million in 1994, a 20.4 percent decline.