SANTA FE SPRINGS, Calif. (Oct. 10)—Reinhold Industries Inc. is moving the corporate operations of its Samuel Bingham Co. subsidiary to California as part of a consolidation process designed to rebuild profits for the longtime rubber roller maker. Some people and equipment already have been moved from Bingham's Bloomingdale, Ill., offices, though few people will make the move to Santa Fe Springs, where a new administrative site is being established at Reinhold's headquarters location. The offices in Bloomingdale, a Chicago suburb, will be shut down by the end of 2001. Aircraft parts supplier Reinhold closed its $15.5 million purchase of Bingham in March 2000. Other moves affecting Bingham since the transaction have been the hire of a new subsidiary president, management changes and the shutdown of inefficient manufacturing facilities.
Samuel Bingham corporate offices moving to California
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