Last Modified2012-02-20 22:34:54UTC
GP Strategies Corporation, formerly National Patent Development Corporation (NPD), is primarily a holding company, a legal entity separate and distinct from its various operating subsidiaries. Its principal operating subsidiaries are the General Physics Corporation and MXL Industries. General Physics specializes in management consulting, or performance improvement, offering training, consulting, and technical services to companies in various manufacturing fields, to government agencies, and to utilities. General Physics began as a training and support firm with expertise in nuclear power. Its clients now include leading auto makers such as General Motors, Ford Motor Co., and Daimler Chrysler, steel makers Inland Steel, USX, and AK Steel, pharmaceutical firms such as Pfizer Corporation and Johnson & Johnson, computer and communications firms including IBM and AT&T, and consumer manufacturing companies such as Pepsi Cola and Anheuser Busch. General Physics also find the U.S. Army, the U.S. Navy, and the U.S. Postal Service among its clients. GP Strategies other principal operating unit is the wholly owned subsidiary MXL Industries, Inc. MXL specializes in the manufacture of specialized molded and coated plastic goods, including optical products, shields, and face masks. MXL sells its products in countries around the globe and is known for its proprietary anti-scratch and anti-fog coatings. GP Strategies also has significant investments in several companies in diverse industries. It owns a stake in Millennium Cell Inc., a company that researches and develops fuel cell technology. It also has investments in Valera Pharmaceuticals, involved in cancer drug development, and Five Star Products, Inc., which makes home improvement and decorating items. In 2002, GP Strategies announced it was considering a spin-off of MXL Industries and some other holdings into a separate, publicly owned company to be called National Patent Development Corp. The spin-off was still pending as of May 2004.
Post CodeSW8 1SQ