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ITEM 1 - BUSINESSFansteel Inc. was founded in 1907 as a New York corporation andreincorporated under the laws of the State of Delaware in 1985.Fansteel Inc. and its subsidiaries ("Fansteel" or the "Company") is amanufacturer of engineered metal components using the sand castings, investmentcasting and powdered metal processes. Products manufactured are used in avariety of markets including automotive, energy, military and commercialaerospace, agricultural and construction machinery, law...