Establishment
Arthur Edgar Cheney, Sales Manager for Marion Steam Shovel, left that company after a disagreement with its CEO, George W. King, over products designed specifically for smaller jobs. King intended to take the company that he co-founded into the lucrative mining industry, while Cheney saw a need for machines that could operate in construction environments. To capitalize on his idea to produce construction machinery, Cheney purchased the assets of the defunct Osgood Manufacturing Company of Albany, New York.
In 1912 Marion Steam Shovel successfully sued Cheney's company for trademark infringement, and the company changed its name from Marion Steam Shovel and Dredge Company to Osgood Shovel Company, later shortened to the Osgood Company.
Read more about this topic: Osgood Company