DoverCorporation.com Global producer of fluid management and industrial products.

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Dover Corporation

Dover Corporation manufactures varied industrial products and equipment used in manufacturing. There are six segments of Dover’s business, each with a specific focus within the industry. The segments include the Systems, Technologies, Industries, Electronics, Diversified and Resources branches. Dover Systems manufactures food-related equipment, including refrigerators and food packaging machinery. Dover Technologies focuses on small equipment, such as ink-jet printers. Dover Industries manufactures equipment for food services and waste management. Dover Electronics manufactures small electrical components. Dover Diversified’s focus is machinery used in can-making and heat transfers. Dover Resources manufactures auto equipment and other industrial machinery. The corporation manages over 50 equipment companies that manufacture equipment from small office machines to vehicles to heavy manufacturing equipment. It is featured in the top 1000 on the Forbes 2000 list.

History

The Dover Corporation began in Delaware in 1947, and went public in 1955. The corporation has continued to acquire new business ventures throughout its history, diversifying and growing into an umbrella corporation employing more than 31,000 workers. In 2006 Dover acquired several cash machine companies, further diversifying its business focuses. Cash Point Machines PLC and Infocash/Cash Services Limited brought the cash services industry into the Dover fold.

Dover Worldwide

Dover sells its products and services worldwide, serving customers in over 100 countries. Its focus in a high level of customer service and diversification has translated into continued growth into a broad spectrum of industries. It continued to purchase small, successful companies all over the world. Its corporate headquarters is located in New York City.

Website

The Dover Corporation website contains detailed financial information, a dividend history and the latest SEC filings. There is a stock price search features that allows potential investors to search for the company’s stock price data for every month since 1970. An investment calculator shows the amount that could be earned by investing in the company during any month during that same period. The site also provides the criteria it seeks in new business acquisitions. Business owners with successful manufacturing companies can contact corporate development to seek an acquisition.

Decentralized Management

With so many companies under the Dover umbrella, the company maintains a decentralized management style for its many companies. This allows the most capable people in each service and industry to manage each individual company much like an independent small business. The company insists that each of its many companies operate under strict ethical criteria and to stay ahead of the competition with fair prices and the latest products and services. The strict level of integrity demanded of board members and management at all levels has given the company a good reputation in the industry and has encouraged more businesses to seek its acquisition.

Dover Investing

Dover has paid investor dividends each year since going public in 1955. The dividend payouts have gotten larger each year since that time, and are paid quarterly to investors. It is listed with the S & P 500 and uses PricewaterhouseCoopers LLP as its independent auditor. Dover has experiences eight stock splits since becoming publicly traded.