To help with this, Scott recruited Kirk, an executive experienced in corporate restructuring. This has included developing a vision for our future growth and implementing a very disciplined acquisition strategy. With this in mind, Scott has carefully targeted companies that complement its line of health and safety equipment. Internationally, Scott recently announced a deal to acquire Finland-based Kemira Safety, a leading European manufacturer of air purifying equipment for the industrial market. Its other overseas venture in Shanghai is primed to become an export platform to Asia-Pacific.
International trade is one of the fastest-growing segments of northeast Ohio's economy.
To manage this global trade surge, plans are under way to build a Cleveland World Trade Center. Scott's acquisitions relate directly to its overall mission, and Wall Street has lauded the moves. The revitalization of Scott Technologies mirrors that of Cleveland itself. The efforts began in 1982 with an alliance of business and government leaders called the public-private partnership, which sparked the most dramatic city turnaround in U.S. history.