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Inductotherm Group history
Inductotherm Group company history timeline
Rowland motor patent 1868
On his 15th birthday, Rowan’s mother presented him with his first car - a broken down 1923 Dodge - on the condition that he take it apart and rebuild the engine.
Little known outside of its area, Glassboro was founded in 1923, a small state-funded school with few sources of private money, mostly known for its teaching programs.
Rowan left Ajax in 1952 to take a job as an engineer and plant manager with Marine Manufacturing & Supply, a New Brunswick hardware and deck machinery manufacturer for ships.
One day in 1953 Foley telephoned Rowan to see if he could make an induction furnace for Harcast.
Rowan purchased a 1955 Ercoupe starting “InductoAir,” proving Inductotherm’s commitment to delivering the fastest, most economical, and best sales and service to their customer.
1961 The company moves to the Rancocas campus.
1963 Consarc is formed.
According to a 1983 company profile published in the Philadelphia Inquirer, "It bought up small companies in related fields.
1992 Henry Rowan donates $100 million to Glassboro State College.
In 1997 revenues totaled about $780 million, a 15 percent increase over the prior year.
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