Replacement Blade for Use with Snapper Riding Lawnmowers (2006), Speeco and Woods 4-Way Wedge for Log Splitters. RCBS was acquired by Omark Industries in July 1976 and became part of the Sporting Equipment Division. Having previously been the head of Blount's international construction operations, Winton Blount III seemed a natural choice. By 1951, the brothers had constructed their first building, followed shortly by a few gymnasiums. The most important acquisition during this time involved the purchase of J.P. Burroughs & Sons, an agribusiness firm based in Saginaw, Michigan. During his leave of absence, Austin Paddock, the administrative vice-president of United States Steel Company, was chosen to replace Winton. Recalls: Other construction projects in which the company lost control or entered into contract terms that were unfavorable led to declining revenues and profitability. Other projects during the late 1950s involved the construction of nuclear reactors, a cyclotron, the Atlanta airport, and numerous dams and river locks. This purchase added a third major product line to Blount's well-established construction and agribusiness operations. In December 2001, Minneapolis-based aerospace and defense company Alliant Techsystems Inc. (ATK) bought Blount's Sporting Equipment Group for $235 million in stock. In 1985, Omark Industries was purchased by Blount, Inc. Alliant Techsystems (ATK) purchased RCBS in 2001. shooting sports markets. Fruechtel was division president for the past two years and gave Winds light and variable. Chance of rain 80%.. Thank you for reading! We have called, by different names, brethren of the same principle.”. In the same year, the company, known as Blount Brothers Construction Company, procured a very lucrative contract to build a 500,000-square-foot plant used by Sperry to manufacture missile components for the U.S. Navy. Blount's sporting goods group employs 1,700 people, nearly all of whom are expected to be retained. Please log in, or sign up for a new account to continue reading. Darrel F. Inman, a 25-year employee of Blount Inc., will replace Thomas J. Fruechtel as president of the international company's Sporting Equipment Division, which is based in Lewiston. Finally, we can read about how these great companies came about with Company Histories.. Please log in, or sign up for a new account and purchase a subscription to continue reading. History. Editorial: Can we keep campaigning separate from voting? As the world leader in Diamond Chain Technology™, these products are offered under the ICS® brand, known worldwide Inman to make, McInnes said. Offices were opened in the Middle East, and within a short period Blount had secured major contracts with Saudi Arabia and Iran. We see them around but we don't know what goes on behind the scenes. Principal Subsidiaries: Blount, Inc.; Blount Holdings, Ltd. (Canada); Dixon Industries, Inc.; Gear Products, Inc.; Frederick Manufacturing Corporation. administration, were both at the Lewiston plant Tuesday from Speeco Fence Wire Stretchers  (Aug/2016) Cloudy with occasional rain during the afternoon. ATK already dominated the U.S. military munitions market. In 1993, revenues increased to over $691 million from a 1992 figure of $637 million. Their second decision involved a stronger commitment to manufacturing, including outdoor products, such as saw chains and specialty riding mowers; industrial and power equipment, such as industrial tractors and equipment for timber harvesting and loading; and sporting equipment, such as small arms ammunition, gun scopes, and gun care equipment. Thus, the two brothers organized all their plants in the materials business and formed the Vulcan Materials Company. Noonan Company, a process engineering firm, and Hoad Engineers, which provided consulting engineering services, gave Blount the opportunity to enter the utility, paper, chemical, cement, and petrochemical fields. To compensate for the elimination of federal contracts, Blount continued its acquisition program. Fruechtel resigned to pursue other interests and not because of All rights reserved. been general manager of the Lewiston operation. On the domestic front, Blount purchased Fred J. RCBS was acquired by Omark Industries in July 1976 and became part of the Sporting Equipment Division. One of their first decisions was to sell the resource recovery operation and not seek any additional contracts in the waste-to-energy business. In early 1994, management decided to sell almost all of its construction business to Montgomery's Caddell Construction Company, headed by one of Blount's former employees. In 1987, although he remained the board's chairperson, Winton Blount decided to decrease the time he spent in managing the day-to-day operations of the company. This was soon raised to 8.2 percent. Blount's manufacturing facilities are spread throughout the United States, Canada, and Brazil. Revenues for 1984 were a hefty $847 million and earnings a record $24.3 million. Panettiere and D. Joseph McInnes, senior vice president of In 2015, Vista Outdoor Inc. spun-off from ATK as a leading provider of outdoor sports and recreation products. Source: International Directory of Company Histories, Vol. Blount acquired Fabtek Inc., a $21 million-a-year timber harvesting equipment business, in September 2000, making it part of the Industrial and Power Equipment Group. Principal Operating Units: Outdoor Products Group; Industrial & Power Equipment Group. The company also constructed the launching facilities at Cape Canaveral for the Mercury, Gemini, and Apollo space programs, as well as the world's biggest rocket test silo. Speeco and Woods 4-Way Wedge for Log Splitters  (March 22, 2018) Please purchase a subscription to continue reading. The company's overall realignment worked. Blount's Sporting Equipment Group accounted for $147.1 million of sales in 1996, producing operating income of $19.8 million. Blount announced agreements to acquire Simmons Outdoor in late 1995, and Frederick Manufacturing and Orbex in late 1996. year ended Feb. 28. Rain. Winton Blount resigned from his position as president and chairperson in 1968 to accept a nomination as Postmaster General of the United States in Richard Nixon's new cabinet. Principal Competitors: Caterpillar Inc.; Deere & Company; MTD Products Inc. Workers help guide a trailer that was lifted up then lowered onto a pair of stacked cargo containers Wednesday at the Rogers Toyota car lot along 21st Street in Lewiston for Pacific Empire Radio’s annual “Hanging out with Turkeys” food drive that runs over the weekend. He had Checking back? Since the company was already well established in the construction industry, Winton immediately turned his attention to expanding its agribusiness operations. In 1980, Blount reported revenues of just over $554 million; by the end of fiscal 1982 revenues had increased dramatically to $788 million. By the end of fiscal 1990, however, revenues had dropped from over $1 billion to $683 million; revenues for the construction operations alone declined from over $600 million to $348 million. The cash flow from the construction project in Saudi Arabia was a boon for the company, as was the performance of Washington Steel and the success of its agribusiness expansion into such countries as Mexico, West Germany, China, Venezuela, Nigeria, and Egypt. Copyright (c) 2019 Company-Histories.com. Yet at the pinnacle of its success, trouble started to brew. A highly technical project, the contract was for building segments of a wind tunnel for the U.S. Air Force at the Arnold Engineering Development Center, near Tullahoma, Tennessee. Please choose one of our offers and "Get Started" to become a subscriber. Low 47F. Blount picked up the ammo manufacturer as part of a strategy to round out its sporting equipment brand offerings, which then included Simmons, RCBS, CCI, Speer, Ram-Line, Weaver, and Orbex. Thank you for reading! "but often in these situations the transition works best when it In 1967, management decided to embark upon an aggressive acquisitions program to accelerate its entry into private sector construction. It's back! In order to capture a significant share of the contracts in private industry, the company started a business development department and opened satellite offices in Boston, Chicago, and Houston. Houston resigned from Blount Brothers Construction to become president and chief executive officer of the new firm. Also included in the sale were Estate Cartridge, Inc., a maker of sporting shotgun shells acquired in October 2000, Simmons Outdoor Corporation, and other assets of the Sporting Equipment Division. Fred T. Huntington Blount International, Inc. Lehman and Blount's existing management owned 90 percent of shares after the transaction, with existing shareholders holding the rest. Corporate Headquarters Blount International Inc. 4909 SE International Way P.O. By the summer of 1946, the two siblings were doing subcontract work for the Alabama Highway. can go as quickly as this one.". Blount's long-term prospects prompted the Fort Worth, Texas-based Bass group to acquire a 5.3 percent stake in the company in the summer of 1996. Van Sant had helped the company shift its focus to a more diversified mixture of manufacturing equipment and construction operations.

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