Word: punta
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...Firms that engage in only one activity will have to abide by the 10% rule in showing sales by product or service. Though the new regulations will not apply directly to annual reports, many companies have already begun revealing operating data once deemed too sensitive to publicize. Borden, Bangor Punta, W.R. Grace and National Distillers & Chemical, for example, all issued reports this year showing sales and profits for every division...
...from Billy Clubs. Though the industry remains balkanized, takeovers and acquisitions are increasing. The biggest and broadest-gauged company in the field is Bangor Punta Corp., a Manhattan-based conglomerate that has acquired five suppliers of law-enforcement equipment over the past three years. Among them is the maker of Chemical Mace, the liquid-tear-gas spray. Sales of law-enforcement equipment now account for about 9% of the Bangor Punta's $259 million annual sales and 30% of its $22 million pre-tax profits. The company broke into the market in 1965 by acquiring Smith & Wesson, whose revolvers...
Under the aptly named chief of its Public Security group, William Gunn, Bangor Punta is rapidly becoming the Abercrombie & Fitch of law and order. Fully equipped by the company, a cop could use a Bangor Punta Dominator radarscope to spot a speeder or car thief, signal him to stop with a Dominator siren, pull out a Smith & Wesson .38 and pull on a Lake Erie gas mask, flush his quarry with Lake Erie tear gas, immobilize him with Mace, bring him to with a Stephenson resuscitator, check him for alcohol with a Breathalyzer, and slap on Smith & Wesson handcuffs...
Point of Honor. The company's research-and-development department never ceases. A Bangor Punta subsidiary, General Ordnance Equipment Corp., which has done very well with its highly profitable Mace, has another comer in a 25-lb. device that generates a billowing smoky haze called Pepper Fog. The $395 tubular generator can be slung and aimed from the shoulder, and it has cleared 400 rioting prisoners from a large building in 2½ minutes. The company, having sold what it had thought would be a full year's supply in four months, has lately increased production facilities fivefold...
...sales to the public of items like tear gas, the industry generally operates under its own self-imposed restraints. The police market, after all, is likely to boom for quite some time. "Even if the students really organize a peace movement instead of rioting," says Gunn of Bangor Punta, "it won't happen overnight...