Full Boar Performance was acquired in 2003 to enhanceJones Exhaust Systems position as a leader in both aftermarket exhaust and theperformance exhaust industry. This acquisition doubled the facilities, and thecompany now manufactures an expanded line of specialty and performance exhaustproducts in 45,000 square feet of facilities with 70 employees About Aero Performance Products, Inc Aero Performance Products, Inc. () ownscontrolling interest in Aero Exhaust, Inc., a world leader in performanceexhaust airflow technology, manufacturing and distributing the mosttechnologically advanced muffler on the market. Aeros product lines are builtto the highest industry standards and offer the consumer a lifetime warranty.Aero Exhaust has been issued U.S. Racing legend Rusty Wallace is the official spokespersonfor Aero Exhaust products. Additional information on Aero Exhausts products,race team and motorsports ventures can be found on its corporate website, Safe Harbor Statement: The statements in this release that relate to futureplans, expectations, events, performance and the like are forward-lookingstatements within the meaning of the Private Securities Litigation Reform Act of1995 and the Securities Exchange Act of 1934.
Actual results or events coulddiffer materially from those described in the forward-looking statements due toa variety of factors, including the lack of funding, inability to completerequired SEC filings, and others set forth in the Companys report on Form 10-Kfor fiscal year 2007 filed with the Securities and Exchange Commission Aero Performance Products, Inc., BluffdaleA. Beyer, Copyright Business Wire 2009. (Adds details on restructuring, COO comment, share price move) Stocks Mergers & Acquisitions Private Capital NEW YORK, Jan 20 (Reuters) - Rohm and Haas Co ROH.N said onTuesday it plans to cut 900 jobs, or 5.5 percent of itsworkforce, in a bid to tackle the slump in demand and widespreadmarket weakness. The chemical maker, which is in the process of beingacquired by Dow Chemical Co (DOW.N), said the moves build onthe restructuring actions the company announced in June 2008.At the time, Rohm and Haas said it would reduce production andcut about 925 jobs. The new round of restructuring and job cuts is expected togenerate about $90 million in annualized savings. The actionswill also result in $90 million in pre-tax restructuring andasset impairment charges in the fourth quarter of 2008. The company also expects adjusted earnings per share fromcontinuing operations for the fourth quarter of 2008 to exceedthe current analyst consensus estimate.
Analysts, on average, have forecast fourth quarter earningsof 64 cents a share, according to Reuters Estimates. The company plans to adjust production schedules in certainmanufacturing facilities, reducing sales and marketing positionsand freezing discretionary spending and employee salaries, wherepossible. Rohm and Haas and its peers have been reeling from a sharpslump in demand for chemical products, due to a fall inconsumer spending, tight credit conditions and a wideningglobal recession. Shares of Rohm and Haas fell 1 percent to $60.00 in earlytrade on the New York Stock Exchange. (Reporting by Euan Rocha; Editing by Derek Caney) Stocks Mergers & Acquisitions Private Capital.