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Cheney Brothers history
Cheney Brothers company history timeline
The family-owned and operated company, founded in 1925 will build a 427,000-square-foot, $55 million facility on 52 acres at Legacy Park, off Interstate 95 and Becker Road, which the city refers to as its jobs corridor.
Just three months after the 1929 stock crash, the value of Cheney’s on-hand finished goods dropped by $6 million.
The company role in housing ended with the fall of the silk empire in the early 1930's.
Even these measures could not restore company finances, and in 1935 Cheney Brothers applied for reorganization under a new federal bankruptcy law.
In 1938 the company partnered with DuPont and the Army Air Force to develop a new parachute, which was produced by Cheney’s newest subsidiary—Pioneer Parachute.
In 1955 J.P. Stevens and Co. of New York bought Cheney for $5 million, liquidated large portions of the mill’s property to the town of Manchester and slashed Cheney’s workforce from 2,600 employees to 600.
In 2002, the Town of Manchester purchased nine acres of the Great Lawn for open space to preserve this historic site.
Construction is expected to start in the first quarter of 2022 and take about 16 months, officials said
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Cheney Brothers competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Farner Bocken | 1939 | $70.0M | 750 | - |
| Boyds Philadelphia | 1938 | $28.0M | 67 | - |
| SupHerb Farms | 1992 | $6.6M | 125 | - |
| Labatt Food Service | 1968 | $1.3B | 2,500 | 105 |
| Peapod | 1989 | - | 4,600 | - |
| l j zucca | 1947 | $1.4M | 34 | - |
| Fresh Direct Holdings Inc | 2000 | $378.6M | 1,800 | 37 |
| Bassham Foods | - | $37.0M | 300 | 6 |
| Cash-Wa Distributing | 1934 | $160.0M | 3,000 | 41 |
| S. Abraham & Sons | - | $21.4M | 300 | - |
Cheney Brothers history FAQs
Zippia gives an in-depth look into the details of Cheney Brothers, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cheney Brothers. The employee data is based on information from people who have self-reported their past or current employments at Cheney Brothers. 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 Cheney Brothers. The data presented on this page does not represent the view of Cheney Brothers and its employees or that of Zippia.
Cheney Brothers may also be known as or be related to Cheney Bros., Inc., Cheney Brothers, Cheney Brothers Inc, Cheney Brothers Inc. and Cheney Brothers, Inc.