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Associated Spring history
Associated Spring company history timeline
When Wallace died in 1893 at the age of 65, he left an estate appraised at about $70,000--not as much as one might expect from such an active businessman, but reflective of his varied interests.
By 1910, when C.F Barnes's son Fuller joined the company, Barnes was employing a workforce of about 200.
1946: Associated Spring begins trading shares publicly.
By 1953 the company was capturing about $50 million in annual sales.
1963: Associated Spring is listed on the New York Stock Exchange.
In that year, Carlyle F. ("Hap") Barnes, Fuller's son, was made president of Associated; he would become CEO in 1964.
In 1979, in fact, Barnes achieved record sales of $432 million, making that its eight consecutive annual rise in both sales and earnings.
Barnes shuttered several poorly performing plants and divisions in 1983 and sold off several interests that no longer complemented its corporate goals.
One year later, Hap Barnes stepped aside as chief executive and handed the reigns to his cousin, Wally Barnes; Hap remained a senior officer at the company until 1989, his 41st year at Barnes.
1998: New CEO Edmund Carpenter sets company on acquisition path.
Cleveland area-based Nitrogen Gas Products, the nitrogen gas spring operation of Teledyne Fluid Systems, was acquired in August 1999.
Still Expanding After 2000
By 2003 the acquisition drive had raised the number of employees to 6,100 at 60 sites around the world.
Net income rose 22 percent in 2003 to $33 million.
2004: Nine acquisitions in five years have added $370 million to annual sales.
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Associated Spring competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| WKW North America | - | $170.0M | 530 | - |
| Joyson Safety Systems | 1986 | $5.0B | 50,000 | 4 |
| Jay Industries | 1946 | $229.0M | 930 | - |
| Capsonic Companies | 1968 | $48.4M | 350 | - |
| Huf North America Automotive Parts Manufacturing, Corp. | - | $26.0M | 125 | - |
| Federal Mogul Corporation | 1899 | $7.3B | 48,600 | - |
| Filtran | 1899 | $120.0M | 606 | - |
| Tokico | 1987 | $1.7M | 5 | - |
| Adchem | 1965 | $8.5M | 90 | - |
| ND Industries | - | $8.5M | 180 | 5 |
Associated Spring history FAQs
Zippia gives an in-depth look into the details of Associated Spring, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Associated Spring. The employee data is based on information from people who have self-reported their past or current employments at Associated Spring. 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 Associated Spring. The data presented on this page does not represent the view of Associated Spring and its employees or that of Zippia.
Associated Spring may also be known as or be related to Associated Spring and Associated Spring Inc.