ARLINGTON, Va.--(BUSINESS WIRE)--Nov. 13, 2015--
Graham Holdings Company (NYSE:GHC) today announced it has acquired Group
Dekko, a Garrett, IN-based manufacturer of electrical solutions for
applications across three business lines: workspace power solutions,
architectural lighting, and electrical components and assemblies. John
May, chief executive officer, and the Dekko management team will
continue to run the business. The purchase price was not disclosed.
Group Dekko (www.dekko.com)
was founded in 1952. For over 60 years, the company has focused on its
current product lines, and has provided manufacturing, design, and
engineering solutions to its customers.
Timothy O’Shaughnessy, president and chief executive officer of Graham
Holdings, said: “Our acquisition of Group Dekko is part of Graham
Holdings’ ongoing strategy of investing in companies with demonstrated
earnings potential and strong management that fits with our
decentralized operating philosophy. We are a diverse group of businesses
that share common goals and values but each with its own identity and
workplace culture, and with management responsible for its operations.”
About Graham Holdings Company (www.ghco.com)
Graham Holdings Company (NYSE: GHC) is a diversified education and media
company whose principal operations include educational services;
television broadcasting; online, print and local TV news; home health
and hospice care; and custom manufacturing. The Company owns Kaplan, a
leading global provider of educational services; Graham Media
Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio,
WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign
Policy. The Company also owns Trove, a social news aggregator;
SocialCode, a leading social marketing solutions company; Celtic
Healthcare and Residential Healthcare Group, home health and hospice
providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear
actuators and lifting systems; and Forney Corporation, a manufacturer of
burners, igniters, dampers and controls for combustion processes in
electric utility and industrial applications.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151113005816/en/
Source: Graham Holdings Company
Graham Holdings Company
Pinkie Mayfield, 703-345-6450
Pinkie.Mayfield@ghco.com
