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Justin Brands history
Justin Brands company history timeline
H. J. Justin came to Texas from Lafayette, Indiana in 1879 where he had been a boot repairman.
Her father, H.J. "Daddy Joe" Justin, came to West Texas from Indiana in 1879, carrying with him hope for a new life.
In 1887, the railroad came through Nocona, Texas, just south of Spanish Fort.
When a railroad was built in Nacona, Texas in 1889, the Justins moved there to capitalize on the larger market opportunity.
At the age of 12, in 1906, Miss Enid started working in her father's shop.
When the founder died in 1908, sons John, Earl, and Samuel took charge and renamed the company H.J. Justin & Sons.
In 1908, Justin told his two oldest sons, John and Earl, that they would become equal partners in the family business.
After "Daddy Joe" died in 1918, other members of the family wanted to move the business to Fort Worth.
Nocona Boot Company was founded by Miss Enid Justin in 1925.
Accompanied by her sister, Miss Enid made her first sales trip into West Texas in 1926. "The roads looked like cattle trails in those day's" she said. "And for good reason, they were cattle trails.
Fourteen cowboys and one cowgirl took off at 9 AM on March 1,1939, from Nocona and the first rider reached San Francisco at 2 PM on March 24th.
By 1949, Justin had accumulated enough money--and moxie&mdashø acquire a controlling stake in the struggling family business.
The new style appealed not only to rodeo riders and ranchers, but also to what would come to be called "urban cowboys." John Justin Jr. was appointed president in 1951.
The company merged with Acme Brick Company in 1968 to become First Worth Corporation.
In 1972, the enterprise was renamed Justin Industries, Inc.
In 1972, John Justin Jr. was elected president and chairman of the board, and the company’s name officially changed to Justin Industries, Inc.
By 1980, Acme's 19 plants in six southwestern states manufactured nearly 50 percent of the region's face brick, giving it a ten percent stake nationwide.
In 1982, brickmaking profits were not sufficient to offset an operating loss of $8.9 million in the footwear division, resulting in the company's first-ever overall loss, a $6.3 million shortfall.
As it turned out, 1982's bootmaking lapse preceded a much-needed housecleaning.
In the last half of the decade, Acme's sales declined by more than ten percent to less than $114 million in 1989.
The dilemma actually began in 1989, when Barry Rosenstein and Perry Sutherland formed JTN Acquisition Corp. and purchased six percent of Justin's outstanding shares.
By the fall of 1990, they had doubled their stake in the company and secured $112 million in junk bond financing to back an $18 per share buyout offer.
Thoroughly repulsed, Rosenstein and Sutherland withdrew their bid in March 1991.
The addition of American Tile Supply Company, a 1994 acquisition, also benefited this segment of Justin's business.
Footwear sales, however, did not fare nearly as well, declining from a historic high of $295.2 million in 1993 to $186.5 million in 1996. Its sale of more than 750 million bricks in 1996 established a new company record and pushed divisional revenues to more than $260 million that year.
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Justin Brands competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Zodiac of North America, Inc. | 1970 | $6.6M | 22 | 6 |
| Isringhausen Imports | - | $35.2M | 125 | - |
| Maytag | 1893 | $4.7B | 2,500 | - |
| Marquez Brothers Foods | 1981 | $220.0M | 600 | - |
| Mountain Valley Spring Water | 1871 | $57.0M | 101 | - |
| Sign-Zone | 1999 | $43.6M | 375 | - |
| GEHR | 1965 | $31.0M | 200 | - |
| Full Compass Systems | 1977 | $150.0M | 200 | - |
| Cinder Block | 1989 | $440,000 | 6 | - |
| Bulova | 1875 | $164.0M | 500 | - |
Justin Brands history FAQs
Zippia gives an in-depth look into the details of Justin Brands, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Justin Brands. The employee data is based on information from people who have self-reported their past or current employments at Justin Brands. 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 Justin Brands. The data presented on this page does not represent the view of Justin Brands and its employees or that of Zippia.
Justin Brands may also be known as or be related to Justin Brands, Justin Brands Inc, Justin Brands Inc. and Justin Brands, Inc.