Reiss Purchases Rexnord Defense Systems —Renamed TANO Corp.
Rexnord Defense Systems Inc., the New Orleans-based manufacturer of marine automation and control systems, has been purchased by its former president and renamed TANO Corporation.
James J. Reiss Jr. has purchased all outstanding stock of Rexnord Defense Systems from its parent company, Rexnord Inc. of Milwaukee, Wis., in a cash transaction.
The acquisition was finalized recently, but the terms were not disclosed. Mr. Reiss regains ownership of the company through the transaction. He was one of the founders of TANO Corporation in 1972. In 1984, Rexnord purchased TANO and changed the firm's name, retaining Mr. Reiss as president of the subsidiary.
He is chief executive officer of the new TANO, which will remain at 4301 Poche Court West in New Orleans. The company's operations and management team also will remain the same.
R. W. (Pete) Emerling, a 16- year veteran of the company, serves as general manager of the marine systems operation.
The company employs approximately 90 persons in the design and manufacturing of automation and control systems for military ships and industrial applications, and also practice ordnance for military training. TANO marine automation systems have been installed on more than 240 ships for the U.S. Navy, Coast Guard, Military Sealift Command, and U.S. Merchant Marine.
For free literature detailing the complete line of TANO marine automation systems,