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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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| 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 | 1 |
| 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 | 38 |
| Bassham Foods | - | $37.0M | 300 | 6 |
| Cash-Wa Distributing | 1934 | $160.0M | 3,000 | 41 |
| S. Abraham & Sons | - | $21.4M | 300 | - |
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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.