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Apogee Enterprises history
Apogee Enterprises company history timeline
Lacking the necessary cash, the three sought financing early in 1950 from the St Paul lawyer who had incorporated the business and his partner, Russ Baumgardner.
By 1953, Baumgardner's ultimate decision had already begun to prove a wise one.
Following Burrows's surprise retirement in 1963, Baumgardner invited three valued executives--Don Goldfus, Larry Niederhofer, and Don Eichler&mdashø become principal shareholders with him, going so far as to arrange loans for each of them to purchase the company stock.
Cash-poor and with 1967 sales of just $2.7 million, Apogee was an unlikely buyer.
In the winter of 1968, Apogee (a name that originated with an investment club to which Baumgardner once belonged and a term suggestive of the space age) was formed as a holding company to coordinate operations.
Furthermore, he went on to win a $750,000 office center contract from Dayton Hudson Corporation in 1973 by offering a full-service bid for not only the glazing, but the curtainwall as well as certain design and engineering aspects.
Fueling both divisions&mdashide from the construction boom--was the 1980 acquisition of Interstate Glass of South Bend, Indiana, for $3.6 million.
Fiscal 2019 revenue reaches a record $1.4 billion
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Apogee Enterprises competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Wausau Window and Wall Systems | 1956 | $99.0M | 350 | - |
| Harmon | 1949 | $210.0M | 750 | 2 |
| Viracon | 1970 | $140.0M | 242 | - |
| EFCO | 1951 | $172.5M | 1,750 | 13 |
| Oldcastle Infrastructure | 1978 | $35.6B | 3,000 | 2,648 |
| GCC Dacotha | - | $9.4M | 100 | - |
| AVS | - | $7.8M | 61 | - |
| PWI | 1948 | $1.6M | 30 | - |
| Hamilton Parker | 1934 | $43.9M | 50 | - |
| ECHO USA | 1972 | $160.0M | 750 | 16 |
Apogee Enterprises history FAQs
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Apogee Enterprises may also be known as or be related to APOGEE ENTERPRISES INC., Apogee Enterprises, Apogee Enterprises Inc and Apogee Enterprises, Inc.