Park-Ohio (NASDAQ:PKOH), founded in 1926 and headquartered in Cleveland, Ohio, is a diversified industrial distributor and provider of value-added services. Initially established as a regional supplier of maintenance and hard-to-find industrial parts, the company has grown through strategic acquisitions and organic investments to become a global partner to manufacturers and OEMs across a range of industries.
Park-Ohio operates through two primary segments: Industrial Components and Engineered Solutions. The Industrial Components segment distributes bearings, power transmission components, fluid power products, and hydraulic and pneumatic systems, supported by an array of national and regional distribution centers. The Engineered Solutions segment offers custom metal fabrication, automated cutting services, kitting, assembly, and light manufacturing, serving sectors such as automotive, aerospace, oil and gas, and renewable energy.
The company maintains a global footprint with more than 50 facilities across North America, Europe, and Asia, supporting a broad customer base that includes Tier 1 automotive suppliers, industrial OEMs, and energy companies. Its international presence enables just-in-time delivery, localized engineering support, and flexible supply chain solutions, further strengthened by proprietary inventory management and e-commerce platforms.
Park-Ohio is led by a senior management team with decades of industry experience, headed by President and Chief Executive Officer Stephen P. Davison. Under this leadership, the company places a strategic emphasis on growth through targeted acquisitions, operational excellence, and the expansion of value-added services. Sustainability, manufacturing innovation, and customer-centric approaches remain central to Park-Ohio’s long-term objectives.
