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Hach history
Hach company history timeline
Since Hach’s founding in 1947, it has steadily grown to become an industry leader with products all around the globe.
Sales came to about $700,000 and net income to about $80,000 in 1964.
In 1968 it was reincorporated in Delaware as Hach Chemical Co., with Clifford Hach president and treasurer and Kathryn Hach as vice-president.
Company assets amounted to $2.8 million at the end of fiscal 1969, when there were 137 employees.
Foreign countries accounted for approximately 12 percent of sales in fiscal 1969.
When the first "Earth Day" was observed in 1970, rallies were held in major cities, and an estimated 10 million schoolchildren participated in "teach-in" programs.
Hach, in 1970, was manufacturing and selling a line of instruments, ranging in price from $200 to $2,000, designed to determine specific water impurities.
In fiscal 1970 instruments accounted for about 56 percent of sales, with chemical reagents and portable test kits splitting the remainder roughly evenly.
In 1972 Hach formed an international subsidiary and issued more stock, raising close to $5 million, two-thirds of it for expansion, including a new warehouse and more space for electronic assembly.
At the end of fiscal 1975, when Hach had net income of $1.1 million on sales of $9.4 million, the company had achieved compound annual earnings growth averaging 25 percent over five years even though the national economy had fallen into recession during this period.
Hach, in 1975, had a product line of more than 3,500 items, with the instruments now selling for $400 to $4,000.
Hach also acquired Fann Instrument Corp. in 1976 for $1.75 million in cash and notes.
In 1977 Hach purchased Carle Instruments, Inc., of Fullerton, California, paying $1.86 million in cash for this manufacturing company, which produced gas chromatography instrumentation used in analyzing a wide range of compounds.
Clifford Hach took the position of chairman and chief executive officer in 1977, and Kathryn Hach became president and chief operating officer the following year.
In 1978 Hach moved its instrument division and its corporate headquarters to a site next to the airport in Loveland, Colorado.
Hach also acquired Fann Instrument Corp. in 1976 for $1.75 million in cash and notes. It was sold in 1980 to Dresser Industries, Inc. for about $3.2 million.
Also in 1985, it leased a Loveland building in an industrial complex to make the plastic components used in its operations.
Nevertheless, in 1985 it bought about 25 percent of the outstanding shares in a privately negotiated transaction.
Many workers could not meet these demands, so in 1989 Hach began offering a basic math course, and it later added a basic writing course.
After Clifford’s death in 1990 Hach-Darrow was the company’s sole CEO, and Hach Corporation was the largest woman-operated business in the state, with annual sales in excess of $100 million.
In August 1993 Lawter, which now owned 28 percent of the shares, announced an agreement to acquire the rest for $146 million worth of its own stock.
Hach was about 42 percent owned by its founding family in 1995.
Hach Corporation was sold to the Danaher Corporation in 1999 for $355 million.
The information contained in this biography was last updated on June 12, 2020.
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Hach competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Teledyne Technologies Incorporated | 1960 | $5.7B | 10,850 | 435 |
| Dionex Corporation | 1968 | $590.0M | 1,500 | - |
| Avery Dennison | 1935 | $8.8B | 32,000 | 260 |
| Beckman Coulter | 1935 | $3.7B | 12,000 | - |
| Varian Medical Systems | 1948 | $3.2B | 10,000 | 12 |
| Corning Incorporated | 1851 | $13.1B | 51,500 | 654 |
| Lam Research | 1980 | $14.9B | 14,100 | 118 |
| Dover | 1955 | $7.7B | 23,000 | 449 |
| Danaher | 1969 | $23.9B | 80,000 | 1,801 |
| McKesson | 1833 | $309.0B | 80,000 | 505 |
Hach history FAQs
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Hach may also be known as or be related to Hach, Hach Co., Hach Company and Hach Company, Inc.