F5 Networks Added to S&P 500 Index. Stock Soars

 
 

F5 Networks was added today to the S&P 500 Index, joining an exclusive club of Washington companies already listed including Amazon, Costco, Expedia, Expeditors International, Microsoft, Nordstrom, PACCAR. Starbucks, Nordstrom, Plum Creek Timber and Weyerhaeuser. F5's shareprice has been on a tear boosted by the growing popularity of cloud computing. The company's shareprice soared by another 3 percent Friday, ending the day valued at a whopping $11.6 billion. Who might be next? Maybe  Dendreon. The company, whose treatment for prostate cancer treatment recently received FDA approval, has seen its public valuation soar to nearly $6 billion, up more than 500 percent from just a couple of years ago.

The 2016 Washington Manufacturing Awards: Legacy Award

The 2016 Washington Manufacturing Awards: Legacy Award

Winner: Belshaw Adamatic Bakery Group
| FROM THE PRINT EDITION |
 
 
 
Legacy Award
Belshaw Adamatic Bakery Group
Auburn › belshaw-adamatic.com
When it’s time to make doughnuts — or loaves of bread, or sheets of rolls — it could well be a Belshaw Adamatic piece of equipment that’s turning out the baked goods. From a 120,000-square-foot plant in Auburn, Belshaw Adamatic produces the ovens, fryers, conveyors and specialty equipment like jelly injectors used by wholesale and retail bakeries.
 
The firm’s two legacy companies — Belshaw started in 1923, Adamatic in 1962 — combined forces in 2007. Italy’s Ali Group North America is the parent.
 
It it takes work to maintain a legacy. A months-long strike in 2013 damaged morale and forced a leadership change. Frank Chandler was named president and CEO of Belshaw Adamatic in September 2013. The company has since strived to mend workplace relationships while also introducing a stream of new products, such as a convection oven, the BX Eco-touch, with energy saving features and steam injection that can be programmed for precise times in baking. The company energetically describes it as “an oven that saves time, reduces errors, makes an awesome product, and is fun to use and depend on every day!”
 
So far, more than 3,000 have been installed in quick-service restaurants, bakeries, cafés and supermarkets in the United States. They are the legacy of Thomas and Walter Belshaw, former builders of marine engines, who began producing patented manual and automated doughnut-making machines in Seattle 90 years ago. They sold thousands worldwide and, today, Belshaw Adamatic is the nation’s largest maker and distributor of doughnut-making equipment.