Amphenol Industrial Products Group history

1942: Amphenol is founded.

In 1957, Arthur Schmitt listed the newly named Amphenol Electronics Corporation on the New York Stock Exchange under the ticker “APL”. The following year, Amphenol merged with G.W. Borg Corporation and renamed itself Amphenol Borg.

Amphenol merged with the George W. Borg Corp. in December 1958, forming Amphenol-Borg Electronics Corp.

In 1959, the new company posted income of $3 million on sales of $55 million.

Matthew L. Devine was elected president of Amphenol-Borg in January 1960.

Sales were $60 million for the year; they continued to climb until 1963.

Sales were rising again, to $80 million for 1965, which produced income of $2.5 million.

In 1967, Amphenol Borg merged with Bunker-Ramo Corporation.

Fairchild Industries Inc. bought 21 percent of Bunker Ramo stock from Martin Marietta Corporation in 1979 but was ultimately not successful in effecting a merger, in spite of offering $96 million for the rest of the shares.

Finally, diversified chemical maker Allied Corp. agreed to pay $358 million for the company in May 1981.

In December 1985, LPL had acquired Times Fiber Communications, Inc., which would become part of the Amphenol empire.

In 1987, the Amphenol division of Allied-Signal was acquired in a leveraged buyout by LPL Investment Group, a family investment group founded by Larry DeGeorge and based in Wallingford, Connecticut.

In August 1991, Amphenol announced an initial public offering (IPO), part of a restructuring plan.

In May 1992, the company announced that it was cutting 5 percent of its 3,800 North American jobs and 10 percent of the 1,700 in Europe.

Chairman Lawrence DeGeorge handed over the duties of CEO to President Martin Loeffler in June 1996.