Fairbanks-Whitney and Colt Industries
In 1958, Fairbanks-Morse merged with Penn-Texas and was renamed Fairbanks-Whitney.
Following the merger, the company stagnated. In 1962 George Strichman was appointed president. Renamed Fairbanks Weighing Division of Colt Industries.
A modern manufacturing plant replaced the deteriorating facilities in St. Johnsbury, Vermont in 1966. Kenneth F. Hammer served as company president from 1968–1985. It became one of the top scale manufacturers, with almost fourteen hundred employees in its St. Johnsbury, VT, Meridian, MS, and Holmdale, CA plants and 60 sales and service locations across the US.
In 1975, a new factory was built in Meridian, Mississippi, producing a variety of products designed for heavy capacity weighing. In 1988 Fairbanks came under the current management of F.A. "Bill" Norden, president and major stockholder of Fairbanks Scales. He headed a group which acquired the company from Colt Industries. Finance, marketing and executive offices were moved from St. Johnsbury to Kansas City, Missouri.
In 1999, F.A. Norden was named Chairman of the Board and his son, Richard Norden, became Fairbanks' President and COO.
Read more about this topic: Fairbanks Scales
Famous quotes containing the word industries:
“All industries are brought under the control of such people [film producers] by Capitalism. If the capitalists let themselves be seduced from their pursuit of profits to the enchantments of art, they would be bankrupt before they knew where they were. You cannot combine the pursuit of money with the pursuit of art.”
—George Bernard Shaw (1856–1950)