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GMI Holdings Inc history
GMI Holdings Inc company history timeline
The company began efforts to promote its product, first demonstrating it at the 1923 New York automobile show.
The town boosters lined up shareholders to provide the funding the company needed to build a manufacturing plant in the small town. It was at a demonstration in 1923 at the Indiana State Fair in Indianapolis that members of the Hartford City, Indiana, Chamber of Commerce saw Johnson's door and invited him to make an appearance at Hartford City's annual fall fair.
In April 1924 the 1,000-square-foot facility was completed and Overhead Door relocated its primary manufacturing operation from Detroit to Hartford City.
In 1926 the company introduced the first electric opener for commercial doors.
In addition to providing his mechanical skills Johnson also served as president of the company until 1935, when Forest McKee succeeded him.
When America was at war in the 1940's, the Alliance factory produced everything from fuse caps and voltage regulators to canteen handles and generators.
The technology would be extended to residential doors in 1950.
In 1954, the Alliance Manufacturing Company first produced its own garage door opener unit.
They began to sell their automatic doors in 1960, installing the first one in a hotel restaurant in Corpus Christi.
In 1966 the company acquired a West Coast manufacturer that added rolling metal doors to its slate of products.
Also in 1968 Overhead Door added hydraulic lift gates for trucks and trailers by acquiring Watson-Atlas Co.
1970: Horton Automatics is acquired.
Sanwa was founded in Hyogo, Japan, in 1956. Its relationship to Overhead Door dated back to 1974, when the two companies forged a technical alliance.
Because of this expansion, the company posted record results in 1984, with revenues of $381 million and profits of $16.6 million.
The goal was to become a Fortune 500 company by the end of 1985.
The two companies reached a settlement in 1987, costing Dallas $5.9 million and cutting into earnings for the year.
He returned to what had become Dallas Corporation as chief operating officer and director in 1987 and prepared to succeed Haugh.
The Genie assets were sold to GMA Holdings in 1990.
To reduce its debt load of some $120 million, Overhead Door proposed a $90 million bond offering in the fall of 1992.
By the time Overhead Door Corporation purchased the company in 1994, the Genie name had become a symbol of trust and reliability for millions of customers around the world who sought out the brand from professional dealers, home centers, hardware stores, and wholesale clubs.
In addition, there were changes at the top at Overhead Door in 2000.
2003: Novoferm group is acquired.
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GMI Holdings Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bryant Security | - | $5.9M | 100 | - |
| The Whalen Company | 1962 | $37.3M | 100 | 1 |
| Gateway Group One | 1979 | $750.0M | 3,000 | 2 |
| CIS Security | 1986 | $39.0M | 540 | 6 |
| Masters Co Inc | 1996 | $3.2M | 86 | 5 |
| The Murphy Company Inc. | 1909 | $150.0M | 750 | 129 |
| Pro-Pet llc | 1996 | $1.1M | 18 | 9 |
| Excaliber Inc | 1992 | $260.0M | 790 | - |
| ISM | 1989 | - | 376 | - |
| United Security | 1992 | $36.0M | 132 | 89 |
GMI Holdings Inc history FAQs
Zippia gives an in-depth look into the details of GMI Holdings Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about GMI Holdings Inc. The employee data is based on information from people who have self-reported their past or current employments at GMI Holdings Inc. 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 GMI Holdings Inc. The data presented on this page does not represent the view of GMI Holdings Inc and its employees or that of Zippia.
GMI Holdings Inc may also be known as or be related to GMI Holdings Inc and GMI Holdings, Inc.