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    Danaher Corp.
    list rank
    From the April 28, 1997, Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 1,811,878 21.9
    Net Income 207,770 91.8
    Rank Last Year: 14

    Description:
    Danaher Corp. is a rapidly expanding conglomerate. The company controls a number of manufacturing businesses that primarily make hand tools, including the Craftsman line for Sears and process-environmental controls such as leak-detection sensors for fuel tanks. The company has been built through acquisitions financed largely with borrowed money or Danaher common stock.

    Business Resume:
    • Contact Info --
      1250 24th St., NW
      Washington, D.C. 20037
      202-828-0850
    • Main Business --
      Manufacturing--diversified
    • Founded --
      1969
    • Chairperson --
      Steven M. Rales
    • President --
      George M. Sherman (CEO)
    • Employees --
      11,600
    • D.C.-Area Employees --
      20
    Developments:
    Over the past 23 months, Danaher has continued its aggressive acquisition strategy. In June the company snared Acme-Cleveland Corp., an Ohio-based maker of test equipment and industrial controls, after a four-month battle by raising its bid for Acme-Cleveland to $200 million and offering to pay cash.

    The deal allowed Danaher to expand its presence in the telecommunications test equipment market, in which Acme is a player.

    In January Danaher gained a foothold in the Asian market by announcing the acquisition of a group of hand-tool companies from a Chinese family that owns three factories in China and a factory and distribution center in Taiwan. In February Danaher agreed to pay $27.5 million for a unit of Buffton Corp. that makes surge suppressors and other equipment that helps distribute power properly in a building. Yet another company that Danaher sought, Tylan General Inc. of San Diego, fled into the arms of another suitor, Millipore Corp.—and Danaher sold its 10.4 percent stake in Tylan for a profit.

    © Copyright 1997 The Washington Post

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