BNET Industries

Market Cap:$59.0M
Last Fiscal Year Sales:$217.8M
  • Public
  • US
Dow Jones Description

CECO Environmental Corp. (CECO) was incorporated in New York State in 1966 and reincorporated in Delaware in January 2002. We operate as a provider of air pollution control products and services through four principal product groups: our Contracting Group, which produces air pollution control and industrial ventilation systems, our Equipment Group, which produces various types of air pollution control equipment, our Parts Group, which manufactures products used by us and other air pollution control companies and contractors, and our Engineering Group, which provides industrial ventilation engineering and source emission testing services. It is through combining the efforts of some or all of these groups that we are able to offer complete turnkey systems to our customers and leverage the synergy between our family of companies. Unless the context indicates otherwise, the terms CECO, Company, we, us, and our, as used herein refer to CECO Environmental Corp. and its subsidiaries. Our business is characterized by the breadth and diversity of our product and service offerings, customer base, and end market applications. We market our products and services under multiple brands, including Kirk & Blum, kbd/Technic, CECO Filters, Busch International, CECO Abatement Systems, CECOaire, K&B Duct, H.M. White, Effox, GMD Environmental, FKI, Flextor, and A.V.C. to multiple end markets, a broad group of customers and for a wide range of applications.

Ceco's Chairman and CEO
Phillip Dezwirek
Number of Employees 843
Contact Information

3120 Forrer St

Cincinnati, Ohio 45209-1016

cecoenviro.com

(513) 458-2600

NAICS Code Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use: 334512

Recent Events

  • CECO Environmental Sells $10.8 Million Of Convertible Notes

    11/30/09 - New Investment - View Story

  • CECO in red for 3Q, nine months

    11/09/09 - Financial Announcement - View Story

  • Sales drop leads to 2Q loss for CECO

    8/06/09 - Financial Announcement - View Story

News & Analysis

ceco environmental corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Lawrence J Blum President
Dennis W. Blazer V.P. - Finance and Administration and Chief Financial Officer
Dave Blum Senior Vice President
Jason Louis Dezwirek Secretary

Board of Directors

Name (plus bio) Position
Phillip Dezwirek Ceco's Chairman and CEO
Ronald E. Krieg Chairman
Arthur Cape Board of Directors
Donald A. Wright Board of Directors
Melvin F. Lazar Board of Directors
Richard J. Blum Board of Directors
Thomas J. Flaherty Board of Directors

Phillip DeZwirek became a director, the Chairman of the Board and the Chief Executive Officer of the Company in August 1979. Mr. DeZwirek also serves as Chairman of the Board and Vice President of CECO Filters (since 1985); Treasurer and Assistant Secretary of CECO Group (since December 1999); a director of Kirk & Blum and kbd/Technic (since 1999); President of Can-Med Technology, Inc. d/b/a Green Diamond Oil Corp. ( Green Diamond ) (since 1990) and a director and the Chairman, Chief Executive Officer and Treasurer of API Electronics Group, Corp. (since May 2002) and a director and the Chairman of its parent, API Nanotronics Corp. (since November 2006), a publicly traded company (OTCBB:APIO) engaged in the manufacture of electronic components and systems for the defense and communications industries. Mr. DeZwirek has also been involved in private investment activities for the past five years.

Organization Position Status
CECO Environmental Corp. Ceco's Chairman and CEO Current
CECO Filters Inc. Chairman & Vice President Current
Kirk & Blum Chairman of the Board Current
CECO Filters Inc. Chairman of the Board Current
Kirk & Blum Director Former

Organization Position Status
CECO Environmental Corp. President Current

Dennis W. Blazer became the Chief Financial Officer and the Vice President-Finance and Administration of the Company on December 13, 2004. From 2003 to 2004, Mr. Blazer served as a financial consultant to GTECH Corporation, a leading global information technology corporation. From 1998 to 2003, he served as the Chief Financial Officer of Interlott Technologies, Inc., which stock traded on the American Stock Exchange and which was a worldwide provider of vending technologies for the lottery industry prior to its acquisition by GTECH Corporation in 2003. From 1973 to 1998, Mr. Blazer also served in varying capacities leading up to the position of Vice President of Finance and Administration for The Plastic Moldings Corporation, a custom manufacturer of precision molded plastic components. Mr. Blazer is a Certified Public Accountant.

Organization Position Status
CECO Environmental Corp. V.P. - Finance and Administration and Chief Financial Officer Current
Interlott Technologies, Inc. Chief Financial Officer Former
CECO Environmental Corp. Board of Directors Former

David D. Blum has served as Senior Vice President since March 2002. From July 2000 through March 2000 he served as our Senior Vice President-Sales and Marketing. He also has served as President of Kirk & Blum since November 12, 2002, Vice President of CECO Group, Inc. since November 2001, Chief Executive Officer of H. M. White since March 2006, and Chief Executive Officer of our Mexico subsidiaries since November 2007. Mr. David Blum is the brother of Mr. Richard Blum.

Organization Position Status
H.M. White LLC Chief Executive Officer Current
Kirk & Blum President Current
CECO Environmental Corp. Senior Vice President Current

Organization Position Status
Kaboose, Inc. Chairman & CEO Current
CECO Environmental Corp. Secretary Current
Playing for Good, Inc. Board of Directors Current
CECO Environmental Corp. Secretary Current

Organization Position Status
Jackson Rolfes Spurgeon & Co Audit Partner Current
CECO Environmental Corp. Chairman Current
CECO Environmental Corp. Director Current
Pomeroy IT Solutions, Inc. Board of Directors Current
The Rolfes Co Former

Arthur Cape has served as a director since May 25, 2005. He has also served on the Audit Committee since such date. Mr. Cape has served the manufacturing industry for over 30 years. Since 1991 he has served as Director of International Sales for Shymac Innovative Marketing, located in Montreal, Canada, and Director of Sales for AJB Continental, located in San Antonio Texas. Shymac Innovative Marketing manufactures brushes and AJB Continental is a distributor of brushes. Mr. Cape also acts as a consultant for several factories in China in the manufacturing and injection molding of plastic articles. He has been active in youth awareness programs and has served on various youth committees in Canada.

Organization Position Status
CECO Environmental Corp. Board of Directors Current

Donald A. Wright became a director of CECO on February 20, 1998. Mr. Wright has also been a member of the Audit Committee since February 20, 1998 and the Compensation Committee since its formation on December 1, 2005. He has also been a member of the Committee established to administer CECO s stock option plan since January 1, 2002. Mr. Wright has been a principal of and real estate broker with The Phillips Group in San Diego, California, a company which is a real estate developer and apartment building syndicator, since 1992. From November 1996 through January of 2005, Mr. Wright served as a real estate broker with Prudential Dunn Realtors in Pacific Beach, California. Since January 2005, he has been an associate real estate broker with One Source Realty GMAC in San Diego California. On February 15, 2006, Mr. Wright became a director of Rubincon Ventures Inc., now known as API Nanotronics Corp. (OTCBB:APIO). In order to be elected, a nominee must receive a plurality of the votes cast at the meeting in person or by proxy. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR APPROVAL OF THE ELECTION OF THE NOMINEES NAMED HEREIN AS DIRECTORS.

Organization Position Status
CECO Environmental Corp. Board of Directors Current

Organization Position Status
Enzo Biochem Inc. Lead Director Current
Parente Randolph LLC Attorney Current
Enzo Clinical Labs Inc. Current
Arbor Realty Trust, Inc. Chairman Current
Arbor Mortgage Director Current
Enzo Biochem Inc. Board of Directors Current
Arbor Realty Trust, Inc. Board of Directors Current
CECO Environmental Corp. Board of Directors Current
Lazar Levine & Felix Llp Founder Former

Richard J. Blum became the President and a director of the Company on July 1, 2000 and the Chief Executive Officer and President of CECO Group, Inc. on December 10, 1999. Mr. Blum has been a director and the President of The Kirk & Blum Manufacturing Company since February 28, 1975 until November 12, 2002 and the Chairman and a director of kbd/Technic since November 1988. Mr. Blum is also a director of The Factory Power Company, a company of which CECO owns a minority interest and that provided steam energy to various companies, including CECO. Kirk & Blum and kbd/Technic were acquired by the Company on December 7, 1999. Mr. Richard Blum is the brother of Mr. David Blum.

Organization Position Status
CECO Environmental Corp. Board of Directors Current
Ceco-Group Chief Executive Officer Former
CECO Environmental Corp. President & CEO Former
Ceco-Group President Former
CECO Environmental Corp. Coo Former

Organization Position Status
CECO Environmental Corp. Board of Directors Current
The Fairchild Corporation Coo Former
The Fairchild Corporation Board Member Former

Executive News

  • Ceco Environmental gets $4.4M in orders

    Washington Post - 8/26/09 - View Story

  • Ceco Environmental gets $4.4M in orders

    San Jose Mercury News - 8/26/09 - View Story

  • CECO Environmental Announces New Orders Totaling Approximately $4.4 Million

    PR Newswire - 8/26/09 - View Story

advertisement
     CECE $4.15 +0.02 (0.48% )
Average Volume 28,210
Shares Outstanding 14.29M
Market Cap 59.3M
Year High 4.51
Year Low 1.8
Earnings Per Share 0.13
P/E Ratio 31.92
Dividend N/A
Yield N/A
advertisement