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2002-2005 Shan Industries, LLC | |
PRESS
AND ACCOLADES
A
Rare CEO in Manufacturing,
a Highly Acclaimed Business Leader in the U.S.
10/06
by ROBIN SAMELSON
read
the article
| |
51-year-old-metal
forming company still going strong
3/29/06
by BILL
WICHERT  HAMBURG
- The first product sold in space came from a little-known factory off Route 94
in Hamburg.
The Fisher Space Pen was promoted by Russian astronauts
on the QVC Shopping Network in 1998, three decades after making its first trip
aboard NASA's Apollo 7 mission. The once-humble pen started in the hands of metal
workers at the local Accurate Forming plant.
Holding
a metal tube, the first incarnation of a writing implement that could reach the
stars, Chuck Segar tried to capture the awesomeness of the process that transforms
raw material into something as "simple" as a pen.
"You
wouldn't believe the work that goes into a writing instrument," said Segar,
the plant's general manager, during a tour of the 51-year-old facility last week.
[continued]
read
the whole article | |
Memo
to Tyco: I Won't Back Down
10/30/05
by GRETCHEN MORGENSON
 IT
was at the height of the dot-com craze that Sheri L. Orlowitz, a defense lawyer
and civil prosecutor turned entrepreneur, found what looked like the perfect acquisition
for Shan Industries, her fledgling holding company based in Washington. For three
years, she had scoured the dreary and unloved manufacturing sector for small companies
to buy and turn around. Her goals were twofold: making a profit for herself and
her investors and helping to keep assembly-line jobs in America.
The
diamond in the rough she found was Accurate Forming, a metal-stamping company
in Hamburg, N.J. with $8 million in sales and 90 employees. After two months of
talks, an additional three months of due diligence and assurances from Tyco that
the company was environmentally compliant, Ms. Orlowitz, who is Shan's chief executive,
wrapped up her deal in January 2000 to buy the company for $7 million. The seller
was Tyco International, then a highflying conglomerate run by a revered chief
executive, L. Dennis Kozlowski. With
the ink on the contract barely dry, however, Ms. Orlowitz said she soon learned
that her dream acquisition was an environmental nightmare. [continued]
read
the whole article listen
to the interview | |
| | Sheri
Orlowitz was chosen for the Leading Women Entrepreneurs of the World award. This
is a global award and the Ninth Annual Gala and Celebratory Events ceremony will
take place in Vancouver, Canada on May 22nd through May 26th, 2005. The Star Group
introduced The Leading Women Entrepreneurs of the World Award™ in 1997 when
the ceremony was held in Paris, France. The goal is to identify and honor the
top women entrepreneurs from around the world, and heighten public awareness of
their impact on the global economy. Prior recipients include Anita Broderick,
Donna Karan, Jenny Craig and Anne-Claire Tattinger. |
|
Sheri L. Orlowitz has
been appointed to serve on the National Women’s Business Council (NWBC) of
the U.S. Small Business Administration (SBA)
Check
out Sheri in the National Women’s Business Council newsletter
click
here, then scroll to page 2 Sheri
represented the National Women's Business Council as President Bush signed into
law H.R. 4440, which provides $7.8 billion in tax relief to help rebuild the regions
of the Gulf Coast devastated by Hurricanes Katrina and Rita. The bill provides
needed relief to small businesses affected by the hurricanes. |
| | Sheri
L. Orlowitz is the receipient
of Enterprising Women Magazine's "2003 Enterprising Woman of the Year"
award. | |
Shan's
Chief Executive Officer, Sheri L. Orlowitz, was invited to the President’s
Economic Forum on August 13th, 2002, in Texas. She participated on the Economic
Recovery and Job Creation Round Table headed by Secretary Paul O’Neill. She
was one of only 240 attendees including the President’s Cabinet and other
high ranking government officials. Sheri's
remarks were quoted in almost every major newspaper in the country. Here are some
of the articles... 
Remarks by the President at the Economic Recovery
and Job Creation Session SECRETARY
O'NEILL: Sheri Orlowitz, I wonder if we could hear from you? THE
PRESIDENT: Where are you from, Sheri? MS.
ORLOWITZ: I'm from Washington, D.C. THE
PRESIDENT: Nothing wrong with that. Me, too. (Laughter.) MS.
ORLOWITZ: I haven't seen you around lately. THE
PRESIDENT: Well, I'm on a temporary basis there. (Laughter.) MS.
ORLOWITZ: It looks like you're going to be around for a long time. I'd
like to say, I'm a manufacturer. I've got manufacturing companies in New Jersey,
Georgia and Oklahoma. And, as a result of a recession, which I became aware of
very quickly in 2000, we have suffered great layoffs and, as a result of the layoffs,
we have been able to succeed and stay alive. It was taking quick action during
a time when it wasn't clear that we were in a recession... MUCH
MORE * READ THE REST |
Bush
Pushes His Agenda, Offers Optimism On Economy Sheri
Orlowitz , chairman and chief executive officer of Shan Industries, and Larry
Johnston, chairman and chief executive officer of Albertsons Inc. (ABS), both
offered sober assessments of where the economy is and where it is going. "I
believe that the economy is very fragile, but I took a poll of my customers and
my vendors all day yesterday, and the same message came through: We're very fragile.
We expect a little bit more of a downside," Orlowitz said. "One
of the problems that we have gotten caught up in and what we're suffering from
today, I believe, is an economic hangover.... we want a quick fix, and there just
isn't a quick fix," she added. She
also offered words of warning to any investors who have lost their shirt in the
market plunge. "Everyone wants
the stock market to return to 11,000 and the NASDAQ to return to 5,000, and we
all want to be happy and get all our money back again. Well, it's just not going
to happen," she said. |
A
Sunny Thing Happened at the Bush Forum
Tough Economic Issues Get Little Attention
"The government has taken action,"
said Sheri Orlowitz, chairman and chief executive of Shan Industries LLC. "We
want a quick fix, and there just isn't a quick fix. We have to be patient."
READ
THE WHOLE ARTICLE |
Bush: 'Times are Kind of Tough' Sheri
Orlowitz, CEO of Shan Industries in Washington, D.C., said a new rule requiring
CEOs to vouch for the accuracy of their accounting documents should extend down
to all corporate division leaders. "With
all due respect, people feel that the government is not moving quick enough to
take punitive actions against those CEOs who have destroyed the public trust in
our institutions and in our public markets, and not only here, but abroad,"
Orlowitz said. "CEO excesses have got to be stopped." READ
THE WHOLE ARTICLE |
Bush, addressing economic forum, says administration has economy under
control
In another panel discussion, Sheri
Orlowitz, founder and CEO of Washington's Shan Industries, told Bush she spent
a day polling her customers and bankers before traveling to Waco, Texas. ''The
same message came through: we're very fragile we expect a little more of a downside.
But the government has taken action and the question now is focus and patience,''
she said. READ
THE WHOLE ARTICLE | |
CEO
in Action
Systematic Communication Succinct,
focused messages help Sheri Orlowitz communicate Shan Industries' expectations
and maintain consistency.
"I formalized a communication system so employees
know what they should be paying attention to. But that wasn't always the case." READ
THE WHOLE ARTICLE | |
9/2002:
Shan's Chief Executive Officer, Sheri L. Orlowitz, was
appointed to the Advisory Board of Enterprising Women Magazine. |
|
Shan
Industries, LLC, was selected by the Women Presidents' Educational Organization-DC
as one of the Top Women Business Enterprises for 2001 and was saluted at the Women's
Business Enterprise National Council (WBENC) annual "Salute to Women's Business
Enterprises: The Enterprising Economy," March 20, 2002 in Washington, DC.
The black-tie event, traditionally held during Women's History Month,
celebrates women business owners, and recognizes the WBENC Applause Award recipients.
| |
MORE
WOMEN-RUN BUSINESSES THINKING BIG
By Joseph Pryweller
...
Sheri Orlowitz, owner of Shan Industries, has more recent ambitions. In December,
she purchased Broken Arrow, Okla.-based Thermodynamics, then known as Armin Thermodynamics,
from Tyco International Ltd..
Orlowitz had bounced around from waiting tables
to acting to law before moving into leveraged buyouts in 1993. But after investing
in technology companies that made disc-drive magnetics and high-speed tape recorders,
she sold her shares.
"I didn't want to just be a minority shareholder,"
Orlowitz said. "I wanted to direct the future of a company."
Orlowitz
chose manufacturing because of contacts in the industry. Her first purchases were
the rotational molder and Hamburg-based Accurate Forming, a maker of precision
metal products.
The Oklahoma rotomolder is a major producer of plastic pallets
for the automotive industry and other businesses, accounting for about 60 percent
of its sales, Orlowitz said. The company also makes a variety of proprietary and
custom molded parts.
Thermodynamics expects to record about $7 million in
sales this year from its 30,000-square-foot plant, Orlowitz said. Tyco, a major
multinational manufacturer, sold the business because it was not part of its core
competency, she said.
Thermodynamics and Accurate Forming are just the beginning,
Orlowitz said. She is planning more acquisitions in other processes to expand
the manufacturing circle....
READ
THE WHOLE ARTICLE |
| WOMEN
OWNERS BYPASS BARRIERS TO THEIR SUCCESS
By Joseph Pryweller
HAMBURG,
N.J. (July 19, 10 a.m. EDT) -- Entrepreneur Sheri Orlowitz recently decided to
fulfill a dream of owning her own manufacturing company.
But after giving
a bank two shots at approving her financing with agreeable terms, she ended up
walking away. Fortunately for her, another bank gave her a fairer shake, she said.
"The (first) bank wouldn't have offered the same package to a man
at the point of discussions we were in," said Orlowitz, who owns manufacturing
holding company Shan Industries LLC of Hamburg. "My whole life, I've borrowed
millions of dollars. I knew that the deal they presented me was not acceptable."
In January, Orlowitz acquired Broken Arrow, Okla.-based rotational molder
Armin Thermodynamics and steel processor Accurate Forming, launching a business
with combined sales projected at about $17 million for this year....
READ
THE WHOLE ARTICLE | |
LESSONS
LEARNED FEATURE in the Washington Business Journal
Washington
Business Journal: "What personality trait
do you consider your greatest asset?" Shan's
President and CEO, Sheri L. Orlowitz: "I have been blessed with vision,
tenacity and compassion. I often see opportunities where others do not. Many times
poking out of a disaster. I have the patience and the drive to pursue what I believe
possible, with or without buy in from my staff and the compassion to explain,
not chastise, when I am proven right." |
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