April 1, 1998 — Penmark Feg of Penmark Intl., Inc. has purchased Traulsen & Co., Inc.

About Traulsen & Co., Inc.

Traulsen began Traulsen & Company in Queens, New York, in 1938 as a producer of bakery fixtures, with a small product line that included refrigerated showcases. Commercial refrigeration soon became the primary focus of the small company.

About Hobart Corporation

Penmark Feg of Penmark Intl., Inc. has purchased Traulsen & Co., Inc.