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Belding Hausman Inc history
Belding Hausman Inc company history timeline
Struggles at one Stevens plant were dramatized in the 1979 Academy Award-winning movie Norma Rae.
The operations Odyssey acquired accounted for $796 million of Stevens's $1.6 billion in sales for 1987.
Following their reassurance that there would be no plant closings, West Point finally bought the company in May 1988 for $1.2 billion, or $68.50 a share.
In 1989, to offset some of its debt, JPS sold some plants, raising $20 million in the process.
Ethel Hausman died in 1993 after nearly 65 years of marriage.
In 1994 JPS sold this subsidiary to Rhode Island-based Foamex International Inc., a Fortune 500 producer of automotive polyurethane foam, for $283 million.
The company's debt was reduced from $531 million to $481 million and it would save $180 million in payments through 1995.
With total liabilities of $464 million, JPS filed for Chapter 11 bankruptcy on August 1, 1997.
In February 1999 the company announced plans to close the Angle apparel fabrics plant in Rocky Mount, Virginia.
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Belding Hausman Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Akron-Canton Regional Foodbank | 1982 | $38.1M | 72 | 3 |
| The Alamo | 2015 | $8.5M | 90 | 18 |
| United World Mission | 1946 | $15.0M | 205 | - |
| Worldwide Assurance for Employees of Public Agencies | 1943 | $41.0M | 12 | - |
| PHOTO | 2003 | - | 751 | - |
| Dale Earnhardt Foundation | - | $5.6M | 200 | - |
Belding Hausman Inc history FAQs
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