Edward I. Schalon - Business Career

Business Career

In 1950, Schalon joined Corduroy Rubber Co. of Grand Rapids, Michigan, as a sales engineer and chemist. In 1952, he joined Paramount Die Casting in St. Joseph, Michigan. In 1954, Schalon and four partners formed Consolidated Die Casting in Dowagiac, Michigan. Schalon was elected president of Consolidated Die Casting in 1965, and was the company's president when it was acquired in 1968 by Sealed Power Corp. (now known as SPX) of Muskegon, Michigan. In 1970, Schalon became group vice president of Sealed Powers' general products division. And in December 1973, he was elected president and chief executive officer of Sealed Power. At the time, Sealed Power was the world's largest producer of piston rings and a producer of cylinder sleeves and other precision engine parts for the automotive and other industries. He was president of Sealed Power during its "heyday" in the 1970s and 1980s, when it was a Fortune 500 company. He served as the company’s chief executive officer until December 1983 and as its chairman of the board until his retirement in 1989.

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