History
During the early years, NASH developed vacuum stream heating systems and vacuum sewage collection systems for many of the growing USA cities. NASH also developed vacuum pumps which were applied in the manufacture of pulp and paper. During the mid-20th century, NASH continued expanding into industrial markets such as paper, power, petrochemical, general industrial and food markets.
In the early 1960s Nash discontinued sales for commercial markets–vacuum heating and sewage collection–to concentrate on the industrial markets. Constant growth continued up to the U.S. recession in 1982. During that time, NASH increased their investment in R&D rather than cutting back as many U.S. companies had done. All during early 80's, Olie Olson invented lot of modications which help company kept its lead. After Olie Olsen left, the lead edge Nash had vanished quickly. In 2002, Nash Engineering attracted private equity finance from Audax (Boston) and merged with Siemens to become Nash Elmo. A 2004 acquisition by Gardner Denver Inc. resulted in Gardner Denver Nash.
Read more about this topic: Nash Engineering Company
Famous quotes containing the word history:
“Anything in history or nature that can be described as changing steadily can be seen as heading toward catastrophe.”
—Susan Sontag (b. 1933)
“The only thing worse than a liar is a liar that’s also a hypocrite!
There are only two great currents in the history of mankind: the baseness which makes conservatives and the envy which makes revolutionaries.”
—Edmond De Goncourt (1822–1896)
“There are two great unknown forces to-day, electricity and woman, but men can reckon much better on electricity than they can on woman.”
—Josephine K. Henry, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 15, by Susan B. Anthony and Ida Husted Harper (1902)