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Action Products history
Action Products company history timeline
Wagenhals and his partners Joe Hrudka and Ed Fochtman incorporated in 1986 as Action Products, Inc.
The company went public in 1989, hoping to raise close to $3 million in its initial stock offering.
In 1989 he came across an article on the baseball card collectibles market, and decided it might be lucrative to sell stock car racing collectibles.
Racing Collectables Inc. made model cars, and the club was founded in May 1991.
Meanwhile, Action Performance continued the sell the one-third scale minicars that had been the prime product of the old Action Products. It also acquired Race Z, Inc. in May 1992, a company that specialized in staging Grand Prix-type races for minicars.
In 1995, for example, the club grew by over 80 percent.
Action Performance also bought up a marketing and distribution firm called Sports Image Inc., owned by former NASCAR champion Dale Earnhardt (whose car had been Action's first miniature collectible). Sales for 1996 were stellar, rising to just over $44 million from $26 million the previous year.
More than six million fans showed up for the Winston Cup in 1997, while 123 million watched the race on television.
What began as a scientific pursuit to develop padding that would help prevent pressure sores in immobilized patients has today spawned a corporation that sells over 2000 products for hundreds of applications.
The Centers for Medicare and Medicaid consider HAPIs to be "never events" and in 2008 eliminated reimbursement for costs associated with them.
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Action Products competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Millcraft | 1920 | $430.1M | 50 | - |
| JST Corporation / Sales America | 1957 | $25.0M | 1,000 | 17 |
| M&L Industries | - | $3.3M | 35 | - |
| Speakman | 1869 | $8.5M | 75 | - |
| Dyno | - | $38.6M | 60 | - |
| Taylormarine | 1908 | $42.0M | 350 | 1 |
| Endicott Clay Products Company/Endicott Thin Brick & Tile, LLC | - | $17.0M | 200 | - |
| Appliance Factory Parts | - | $5.9M | 16 | - |
| Newco Coffee | 1974 | $53.4M | 300 | 13 |
| Benjamin Moore | 1883 | $1.1B | 2,046 | 36 |
Action Products history FAQs
Zippia gives an in-depth look into the details of Action Products, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Action Products. The employee data is based on information from people who have self-reported their past or current employments at Action Products. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Action Products. The data presented on this page does not represent the view of Action Products and its employees or that of Zippia.
Action Products may also be known as or be related to Action Products, Action Products Inc and Action Products, Inc.