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North American Rockwell Corporation
Rockwell International was a major American manufacturing conglomerate involved in aircraft, the space industry, defense and commercial electronics, components in the automotive industry, printing presses, avionics and industrial products. Rockwell International's predecessor was Rockwell Manufacturing Company, founded in 1919 by Willard Rockwell. In 1968, Rockwell Manufacturing Company included 7 operating divisions manufacturing industrial valves, German 2-cycle motors, power tools, gas and water meters. In 1973, it was combined with the aerospace products and renamed Rockwell International. At its peak, Rockwell International was No. 27 on the Fortune 500 list, with assets of over $8 billion, sales of $27 billion and 115,000 employees. History Rockwell Manufacturing Company Boston-born Willard Rockwell (1888–1978) made his fortune with the invention and successful launch of a new bearing system for truck axles in 1919. He merged his Oshkosh, Wisconsin-base ...
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Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ...
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Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the ''Fortune'' 500 was created by Edgar P. Smith, a ''Fortune'' editor, and the first list was published in 1955. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset ''Fortune'' 1000. History The ''Fortune'' 500, created by Edgar P. Smith, was first published in 1955. The original top ten companies were General Motors, Jersey Standard, U.S. Steel, General Electric, Esmark, Chrysler, Armour, Gulf Oil, Mobil, and DuPont. Methodology The original ''Fortune'' 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration. At the same time, ''Fortune'' published compani ...
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Tupelo, Mississippi
Tupelo () is a city in and the county seat of Lee County, Mississippi, United States. With an estimated population of 38,300, Tupelo is the sixth-largest city in Mississippi and is considered a commercial, industrial, and cultural hub of North Mississippi. Tupelo was incorporated in 1866. The area had earlier been settled as "Gum Pond" along the Mobile and Ohio Railroad. On February 7, 1934, Tupelo became the first city to receive power from the Tennessee Valley Authority, thus giving it the nickname "The First TVA City". Much of the city was devastated by a major tornado in 1936 that still ranks as one of the deadliest tornadoes in American history. Following electrification, Tupelo boomed as a regional manufacturing and distribution center and was once considered a hub of the American furniture manufacturing industry. Although many of Tupelo's manufacturing industries have declined since the 1990s, the city has continued to grow due to strong healthcare, retail, and financia ...
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Bellefontaine, Ohio
Bellefontaine ( ) is a city in and the county seat of Logan County, Ohio, United States, located 48 miles (77 km) northwest of Columbus. The population was 13,370 at the 2010 Census. It is the principal city of the Bellefontaine, OH Micropolitan Statistical Area, which includes all of Logan County. The highest point in Ohio, Campbell Hill, is within the city limits. History The name Bellefontaine means "beautiful spring" in French, and is purported to refer to several springs in the area. However, locally, the original French pronunciation is not used, and it is pronounced "bell fountain." Blue Jacket's Town Around 1777, the Shawnee war chief Blue Jacket (''Weyapiersenwah'') built a settlement here, known as "Blue Jacket's Town". Blue Jacket and his band had previously occupied a village along the Scioto River, but the American Revolutionary War had reached the Ohio Country. Blue Jacket and other American Indians who took up arms against the American revolutionaries rel ...
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Plainfield, New Jersey
Plainfield is a city in Union County, in the U.S. state of New Jersey, known by its nickname as "The Queen City."About
City of Plainfield. Accessed December 29, 2021. "Plainfield Is Nicknamed 'The Queen City.'"
The city is both a regional hub for and a of the , located within the core of the
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Kearney And Trecker
Kearney and Trecker founded in 1898 by Edward J. Kearney and Theodore Trecker was a machine manufacturer based in West Allis, Wisconsin. It became one of the largest machine tool suppliers in the world. History The company was founded in 1898 and their first location was above a small shop. They soon became known for created milling machines Milling is the process of machining using rotary cutters to remove material by advancing a cutter into a workpiece. This may be done by varying direction on one or several axes, cutter head speed, and pressure. Milling covers a wide variety of d ... and precision machine tools. By 1943 they were one of three largest milling machine manufacturers in the United States. In 1965 the company was a leading automated tool maker, and had sales of more than 47 million dollars. They manufactured more than 100 different boring and milling machines. They merged with the Rockwell Standard corporation in 1965. By 1955 the company had grown to become ...
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Walker-Turner
Walker-Turner Co. was founded around the end of the 1920s by Ernest T. Walker and William Brewer Turner, who built machines for home and light industrial use. It was acquired by Rockwell Manufacturing Co. in 1956 and Walker-Turner branded machines continued to be sold into the 1960s. History Walker-Turner was founded by Ernest T. Walker and William Brewer Turner sometime around 1927 and 1929. The company was first located in Jersey City, New Jersey until 1931 when they relocated to Plainfield, New Jersey. The first machines Walker-Turner made were small, inexpensive, light-weight machines designed for home workshops of the time. * On Feb 17, 1931 the Plainfield, New Jersey Chamber of Commerce announced that Walker-Turner had purchased “the Rushmore Plant at South Ave. and Berckman St.” at 639 South Avenue which had formerly been occupied by the Bosch Magneto Company. * In 1934 Walker-Turner introduced the 500, 700, and 900 series of their machine lines known as "The Dri ...
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Positec
The Positec Tool Corporation, or simply Positec, is a manufacturing company that specializes in the production of power tools and lawn and garden equipment. The company's corporate headquarters are located in Suzhou, China and the head of its North American division is located in Charlotte, North Carolina. Positec is known for its production of the Rockwell Tools and WORX brands which can be found in retailers like Lowe's, The Home Depot, Costco, and Walmart. History The Positec Tool Corporation was founded by Don Gao in 1994 in Suzhou, China. The term "Positec" is a play on "Positive Technology." The company was initially started as an original equipment manufacturer of hand and power tools for established companies and brands like Sears and Black & Decker. In one of the company's early years, they shipped an order of 700,000 angle grinders to Black & Decker. Later, Black & Decker would stop ordering from Positec to focus on manufacturing its own tools. After this, Gao began to ...
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Black & Decker
Black+Decker Inc. is an American manufacturer of power tools, accessories, hardware, home improvement products, home appliances and fastening systems headquartered in Towson, Maryland, north of Baltimore, Maryland, USA, where the company was originally established in 1910. On March 12, 2010, Black & Decker merged with Stanley Works to become Stanley Black & Decker. It remains as a wholly owned subsidiary of that company. History 1910-1974 *1910 – "The Black & Decker Manufacturing Company" was founded by S. Duncan Black (1883–1951) and Alonzo G. Decker (1884–1956), as a small machine shop in Baltimore in September. Decker, who had only a seventh grade education, had met Black in 1906, when they were both 23-year-old workers at the Rowland Telegraph Company. With only $1,200 between them, one of their first jobs was designing machinery for making milk bottle caps and candy dipping. *1912 – The Black and Decker "Hexagon" logo symbol was introduced, symbolizing the he ...
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Pentair
Pentair plc (PNR) is an American water treatment company incorporated in Ireland with tax residency in UK, with its main U.S. office in Golden Valley, Minnesota. Pentair was founded in the US, with 65% of company's revenue coming from the US and Canada as of 2017. PNR was reorganized in 2014, shifting the corporate domicile from Switzerland to Ireland. On April 30, 2018, PNR announced that it had completed the separation of its Water and Electrical businesses. Now the company's primary focus is on residential, commercial, industrial, municipal and infrastructure and agriculture applications. Its fiscal year 2021 revenues were US$3.8 billion and it employs approximately 11,250 people worldwide. History 1960s Pentair was founded in August 1966 as Pentair Industries, Inc., with the name derived from the Greek root word "penta-" (alluding to the company's five founders) and "air" (alluding to the companies original product), and went public several months later. The 5 founders wer ...
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Delta Machinery
Delta Power Equipment Corp. designs, manufactures and distributes power woodworking tools under the Delta Machinery brand. History Delta traces its roots to the Delta Specialty Company founded by Herbert Tautz in 1919 in Milwaukee, Wisconsin. Based at first in Tautz' garage, Delta Specialty Company thrived, first making small tools for home shops and later expanding into light industrial machinery. In 1945, Rockwell International, Rockwell Manufacturing Company acquired Delta Machinery and renamed it the Delta Power Tool Division of Rockwell Manufacturing Company and continued to manufacture in Milwaukee. In 1966, Rockwell invented the world's first power miter saw. In 1981, Rockwell's power tool group was acquired by Pentair and re-branded Delta Machinery. In 2004, Pentair's Tools group was acquired by Black & Decker. Current ownership In January, 2011, Taiwan-based Chang Type Industrial Co., Ltd. purchased the Delta brand from Stanley Black & Decker. Chang Type formed a whol ...
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Oshkosh, Wisconsin
Oshkosh is a city in Winnebago County, Wisconsin, of which it is the county seat. The city had a population of 66,816 in 2020, making it the ninth-largest city in Wisconsin. It is also adjacent to the Town of Oshkosh. History Oshkosh was named for Menominee Chief Oshkosh, whose name meant "claw" (cf. Ojibwe ''oshkanzh'', "the claw"). Although the fur trade attracted the first European settlers to the area as early as 1818, it never became a major player in the fur trade. The 1820s mining boom in southwest Wisconsin along with the opening of the Erie Canal shifted commercial activity away from the Fox River Valley and Green Bay. Soon after 1830, much of the trade moved west, as there had been over-trapping in the region. Following the publicity caused by the Black Hawk War in 1832, there was increased interest in settling Wisconsin by whites from the East Coast, especially New York, Indiana, and Virginia, and by 1836 the cities of Milwaukee, Madison, Janesville, Beloi ...
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