Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Bins Corporation history
Bins Corporation company history timeline
The commercial division established a headquarters in Winchester, Va., in 1967 and has since become a major part of the business.
The older firm first stuck its foot into the door of home sales in 1969 with the founding of Rubbermaid Party Plan Inc., which not only became a separate division of the company, but also established its own production facility in Chillicothe.
1974 Acquired by Menasha Corporation, G.B. Lewis was re-named LEWISystems and continued the tradition of innovation.
The company had established a reputation for taking care of its employees, so when it recorded more than 130 major injuries in 1979, ranging from wrenched backs to broken bones, management decided to take action.
1980: Acquires Carlan, owner of Con-Tact plastic coverings brand
Much of the expansion during this time came through acquisitions, which started with the 1981 purchase of Carlan, which had just months before purchased the Con-Tact brand.
Butler posted a loss in 1983 of $7.5 million, its first loss in more than 30 years.
The purchase also led to the creation of Rubbermaid Specialty Products Inc. in Statesville, N.C., in 1983.
Following a major change in the grain industry in 1984, TR led a management buy-out and returned the company to local ownership that is still in place today.
1984: Acquires Little Tikes Company, maker of play structures
1985: Acquires Gott Corporation, maker of insulated coolers and beverage holders
In 1986, in an effort to improve the company's performance, Butler's directors placed Robert West at the helm of the organization as chairperson and named Donald Pratt as president.
A GE alum like Gault, Fowler was reportedly told by the board of directors in 1987 that he wouldn't be allowed to step in as CEO when Gault left.
1987: Acquires Viking Brush of Canada, maker of commercial brushes
In 1989, in fact, Butler surprised shareholders with a one-time, $20-per-share dividend.
1989: Joint venture with French manufacturer Allibert to make plastic outdoor furniture in North Carolina
By the early 1990s, Butler was leading the industry in safety with an injury rate of .32 per 100 workers, compared to the industry average of 4.5 per 100.
1990: Joint venture with Curver Group, part of Dutch chemical maker DSM N.V. to sell housewares and furniture in Europe, Middle East, and North Africa; Acquires Eldon Industries, manufacturer of computer accessories
Established in 1991, it had sales of about $2 million a year and employed 30 people.
Cunningham, Norma, "Progress '92: Butler Plant Produces Array of Buildings," Register-Mail (Kansas City), September 14, 1992.
1992: Acquires Iron Mountain Forge Corporation, maker of playground systems
Csir, Floyd J., "Connecticut Company to Buy Butler Manufacturing," Parkersburg News, November 6, 1993.
Finally, a permanent replacement was found in 1993 with Wolfgang R. Schmitt, who had been at the company for just under three decades.
Despite being named America's most admired company by Fortune magazine in 1993, the struggles it faced meant it would not survive as an independent entity for much longer.
Operating earnings rose to $33 million in 1994, buoying Butler's stock price.
It had grown to 270 employees; the plant had doubled in size in 1995.
1995: Acquires French plastics manufacturer Injectaplastic S.A. to get back into the European market after dissolution of Curver deal, and a 75 percent share in Dom-Plast S.A., the leader in plastic household products in Poland
In November 1996, Butler's shares migrated to the New York Stock Exchange under the symbol "BBR." The next month, the company announced the purchase of 90 percent of Beker Kft, a manufacturer of building systems based in Nyiregyhaza, Hungary.
Savings of $335 million, the result of a project to streamline production, were realized in 1996.
Further, the company sold its office products division to Newell Inc. in May 1997 for $246.5 million.
Butler bolstered its Vistawall Architectural Products division in 1997 with the acquisitions of Rebco West Inc., a California manufacturer of entrance doors and storefront windows, and Modu-Line Windows, Inc. of Wisconsin.
1997: Strategic alliance with Amway Corporation to develop cobranded premium products
1997 To meet the bulk packaging needs of their diverse customers base, ORBIS introduced their comprehensive BulkPak product line, in industry-leading footprints and heights.
Long, Victoria Sizemore, "Chairman of Kansas City, Mo.-Based Butler Manufacturing to Retire," Kansas City Star, June 17, 1998.
1998: Makes last acquisition as an independent company, as it buys Century Products, maker of car seats, strollers, and infant carriers
Robert West retired as chairman and CEO in July 1999.
After shutting down its plant in Kircaldy, Scotland, in 1999 Butler announced it was moving all European manufacturing to its base in Nyiregyhaza, Hungary, with plans to invest another $2 million in its facilities there.
The company’s purchase by Newell was finalized in 1999, and the two paired to create a company that bears both their names.
1999: Company is acquired by Newell to form Newell Rubbermaid
In 2000, the group bought the stationery products business of Gillette, which brought well-known brand names like Paper Mate, Parker, Waterman, and Liquid Paper into the fold.
"Newell Rubbermaid Cuts to be Easy on Wooster" May 13, 2001
Miller, Barbara, "Kansas City, Mo.-Based Building Maker Celebrates at Annville, Pa., Plant," Patriot-News, August 4, 2001.
In October 2001, to build on their strength as a plastic pallet manufacturer, ORBIS acquired Cookson Plastic Molding.
21, 2001, rating action from Moody's downgraded both the long-term and short-term debt of the venture, while also giving it a negative outlook.
Butler announced it was selling off its entire European operation, based in Hungary, in March 2002.
Butler posted sales of $796 million in 2003, down from $828 million, as its net loss widened from $1.8 million to $32.1 million.
19, 2003, piece in Bloomberg Businessweek averring, "No one doubts that Newell wildly overpaid," and goes on to call the deal a "merger from hell."
2003: Acquires American Saw & Manufacturing Company, maker of Lenox brand of linear edge power tool accessories, hand tools, and band saw blades
2003 ORBIS launched their Innovations Center to identify and deliver breakthrough plastic reusable packaging products to help their customers realize greater efficiencies with plastic reusable packaging.
In February 2004, the Australian firm of BlueScope Steel Limited announced it was buying Butler for $204 million (A$260 million), including assumed debts of $60 million.
The rise of the box store would take the company from selling to thousands of retailers individually to getting two-thirds of its volume from a handful of them, Schmitt would later recall on a 2004 episode of the PBS newsmagazine Frontline.
Company named America’s most admired by Fortune magazine New York Times report on leadership changes Transcript of PBS Frontline, 2004 "Wal-Mart's Influence Grows," USA Today, Jan.
2004 ORBIS acquires Hays Container Systems and creates ORBIS Container Services.
2005: Acquires Dymo, maker of on-demand labeling solutions
2006: Acquires CardScan business card scanners
2007: Acquires Internet postage company Endicia and its Picture-it-Postage brand
2008 ORBIS Corporation acquired Norseman Plastics Holdings, Ltd.., a manufacturer of plastic reusable containers, trays, bins and pallets used in bakery, beverage, dairy, recycled material/waste collection, food service, agriculture and meat processing applications.
Norseman’s diverse product line, strong customer relationships and industry knowledge are consistent with ORBIS’ vision and expertise.” 2010 As part of Menasha Corporation, ORBIS launches its first Annual Sustainability Report, with ORBIS' annual accomplishments related tol sustainability.
To address that, current President and CEO Michael B. Polk announced the "Growth Game Plan" in 2011, a long-term proposal to grow profitability.
The company announced in late 2011 that it would also close the distribution center, ending nearly 100 years of manufacturing in Wooster.
That number represents an increase of 5.4 percent, from $21.9 million to $36.2 million, in operational income compared to the same period in 2013.
2014: Acquires bubba brands, maker of reusable drinkware
CNBC report on Q1 2014 sales
2014 ORBIS launches the Pally, a pallet and dolly combination designed for retail distribution.
2017 ORBIS Europe launches the GitterPak, an all-plastic collapsible reusable container designed to replace metal gitter boxes and steel bins.
2018 ORBIS Europe launches the IonPak, the first bulk packaging solution to safely transport lithium ion batteries.
2019 ORBIS launches the XpressBulk, a fully reusable bulk merchandising solution that is retail-ready.
"Butler Manufacturing Company ." International Directory of Company Histories. . Retrieved April 15, 2021 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/butler-manufacturing-company
Rate Bins Corporation's efforts to communicate its history to employees.
Bins Corporation jobs
Do you work at Bins Corporation?
Does Bins Corporation communicate its history to new hires?
Bins Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Blue Diamond Group | - | $710,000 | 6 | 1 |
| TRIPLE H ELECTRICAL SERVICES LIMITED | 1972 | $20.0M | 20 | - |
| C&A | 1976 | $5.5B | 10,001 | - |
| B&M Stores | 1978 | $6.2B | 32,000 | 3 |
| Business Furniture, LLC | 1922 | $66.3M | 100 | - |
| Rw | - | - | - | 36 |
| PW Companies | 2007 | $24.6M | 218 | 5 |
| A & E Stores | 1973 | $160.9M | 1,500 | 1 |
| B&R Stores | 1964 | $380.0M | 2,200 | 8 |
| Turtle | - | $1.6M | 25 | - |
Bins Corporation history FAQs
Zippia gives an in-depth look into the details of Bins Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bins Corporation. The employee data is based on information from people who have self-reported their past or current employments at Bins Corporation. 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 Bins Corporation. The data presented on this page does not represent the view of Bins Corporation and its employees or that of Zippia.
Bins Corporation may also be known as or be related to Bins Corp and Bins Corporation.