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IVC Technologies history
IVC Technologies company history timeline
In 1939, T.C. Rathbone published a paper called ‘Vibration Tolerance‘ in the magazine Power Plant Engineering.
The first notable use of this seismograph was in 1944 to measure the ground vibration effects of the first atomic test blast in New Mexico.
Vibra-Tech Engineers, Inc. began in 1949 as a partnership under the name of Vibration Engineering Company.
Arthur S. Edell and E. Joseph Edell, brothers, founded American Vitamin Products, Inc., a manufacturer and distributor of vitamins, minerals, and nutritional supplements, in 1955, with the latter becoming its president.
GeoSonics, Inc. traces its history to 1971 with the formation of Philip R. Berger & Associates, Inc.
Industrial Vibration Consultants was founded in 1984 by Jeffrey Epperson.
In 1988, Philip R. Berger & Associates, Inc. transferred its operations to GeoSonics, Inc.
It made its initial public offering of stock in 1994, raising $6.3 million, following which Arthur Edell retained nearly 38 percent of the stock.
1994: The company makes its initial public offering of stock on the NASDAQ exchange.
1995: Merger with American Vitamin Products, Inc. greatly expands the scope of the company.
In 1995, Vibra-Tech Engineers, Inc. and GeoSonics, Inc. formed an alliance specializing in seismograph manufacturing, vibration services, noise control and blasting seismology.
Capsule production began in early 1996, under the direction of the company's Intergel division.
Hall's president, Andrew Pinkowski, thereby became, with his wife, Rita, a major shareholder of the consolidated company, which now took the name IVC Industries, Inc. It also raised International Vitamins' revenues by about $40 million; for fiscal 1996, sales reached $104.16 million, although net income was only $296,000.
IVC Industries made another significant acquisition in 1997, when it purchased the Vitamin Specialties division of HealthRite, Inc. for about $2.7 million.
IVC Industries, in January 1998, announced its new LiquaFil line, comprised of a full spectrum of some 40 soft gelatin encapsulated vitamins, herbs, and nutritional supplements.
IVC Industries suffered a severe reversal of fortune in 1999.
IVC's net sales for fiscal 1999 dropped to $107.34 million, and the company sustained a net loss of $7.04 million.
Despite the reverse stock split, by April 2001, IVC's stock was habitually trading below $1 a share, and as a result it was dropped from the NASDAQ Small Cap Market and relegated to the OTC Bulletin Board system.
IVC Industries was distributing more than 700 products in 2001 and was manufacturing about five billion tablets, capsules, and soft gels a year.
In 2007 Industrial Vibration Consultants, Inc. became IVC Technologies to better reflect their core business which is providing high quality, dependable, multi-technology solutions to their customers nationwide.
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IVC Technologies may also be known as or be related to IVC Technologies and Industrial Vibration Consultants Inc.