History
HUSS Maschinenfabrik was founded in 1919 in Bremen and originally made new and replacement parts for ship engines. The company began to create amusement rides in 1969 and since 2006 the enterprise has focussed exclusively on the production of rides.
In 1981 Huss Maschinenfabrik purchased Arrow Development from the Rio Grande Railroad, merging the two companies to form Arrow Huss. The company got into financial trouble partially due to heavily investing in Darien Lake theme park in New York and the 1984 Louisiana World Exposition in New Orleans. Arrow Huss filed for bankruptcy protection in 1985, and 13 of the company's American officers negotiated a buyout. In 1986 the takeover was approved by the courts and the American company re-emerged as Arrow Dynamics. The German company reorganized as Huss Machinenfabrik GmbH & Co. KG.
On August 1, 2006, the Bremen district court declared provisional insolvency and an insolvency manager was appointed. Following this, a new company was created, Huss Park Attractions. The new company was created by a group of investors and the Hungarian factory 'Huss Gépgyár Kft'.
Read more about this topic: HUSS Park Attractions
Famous quotes containing the word history:
“A people without history
Is not redeemed from time, for history is a pattern
Of timeless moments.”
—T.S. (Thomas Stearns)
“History is the present. That’s why every generation writes it anew. But what most people think of as history is its end product, myth.”
—E.L. (Edgar Lawrence)
“To history therefore I must refer for answer, in which it would be an unhappy passage indeed, which should shew by what fatal indulgence of subordinate views and passions, a contest for an atom had defeated well founded prospects of giving liberty to half the globe.”
—Thomas Jefferson (1743–1826)