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Libbey company history timeline

1826

He now became the first agent, or general manager, for New England Glass, a position he held until 1826.

In 1826, however, Jarves left to found the Boston and Sandwich Glass Company.

1849

By 1849 New England Glass became the largest glassmaker in the world, employing 500, with the value of goods produced growing to $500,000.

1864

In 1864 a former employee, William Leighton, developed a soda lime formula to replace lead in the making of glass.

1870

In 1870, William L. Libbey joined the New England Glass Company as an agent and sales manager, and four years later, his son Edward Drummond Libbey joined as a clerk.

1871

Leading the independent company as chairman and CEO was John Meier, a man with 24 years of experience with the Libbey Glass Division. It was originally founded in 1871 as The Onondaga Pottery and over the course of its history earned a strong reputation for its high quality dinnerware and ability to adjust to changing tastes in American dining.

1872

The son was Edward Drummond Libbey, who had gone to work for his father at New England Glass in 1872 as a chore boy, apparently as a way for the father to convince the son to enroll at Harvard University, which young Libbey had refused to do.

1874

1874William L. Libbey & Edward D. Libbey William L. Libbey takes over operations of the New England Glass Company, with his son, Edward Drummond Libbey 1874

In fact, when the business began to operate at a loss and the directors voted in 1874 to close the company, Libbey convinced them to continue.

1878

William L. Libbey took over the company in 1878 and renamed it the New England Glass Works, Wm.

1880

In 1880, Edward became partner with his father in the firm and change the name to New England Glass Works, Wm.

1880: Company is renamed W.L. Libbey and Son, Proprietors.

1883

In 1883, Edward Drummond Libbey gained full control of the company when is father died.

1888

In 1888, William's son, Edward Drummond Libbey, moved the company to Toledo, Ohio.

1893

1893: Libbey Pavilion at Chicago's Columbian Exposition leads to period of strong growth.

1896

Although Edward Libbey remained the company's largest stockholder, he withdrew from active participation in its affairs in 1896, choosing instead to devote most of his time to the businesses created to exploit Owens's inventions.

1903

After designing machines to produce light bulbs, tumblers, and lamp chimneys, Owens in 1903 invented the automatic bottle blowing machine, one of the most important advances in the history of glassmaking, resulting in a variety of glass products that now became affordable to the masses.

1904

1904 1904St Louis World’s Fair Libbey exhibits brilliant cut glass at the Louisiana Purchase Exposition World’s Fair in St Louis, Missouri.

1920

Edward Libbey continued to hold a controlling interest in Libbey Glass until 1920, three years before his death, when the business was reorganized as the Libbey Glass Manufacturing Company.

1929

Owens-Illinois was the result of the 1929 merger of the Owens Bottle Machine Company and the Illinois Glass Company.

1931

Unfortunately, a poor decision in 1931 to attempt to reestablish the Libbey name in the fine art glass market more than offset these positive developments.

1933

With the repeal of prohibition in 1933, the demand for glassware products from restaurants and bars grew even greater.

1933: Business is sold to Owens-Illinois.

1935

A poorly timed introduction of high-end art glass during the Great Depression proved to be a costly mistake for the company, and it was sold to Owens-Illinois Glass Company in 1935.

1944

In 1944 the company was folded into Owens-Illinois and began operating as the Libbey Glass Division of the parent corporation.

1945

Pre-packed sets of eight tumblers, "Hostess Sets," introduced in 1945, were especially successful, and by offering a variety of changing styles and designs, Libbey Glass became a major force in popular-priced glassware.

1993

In April 1993, Owens-Illinois announced that it would sell the Libbey Glass division for an estimated $225 million.

Libbey would be spun off as an independent company, and would make its initial public offering on the New York Stock Exchange in June 1993.

In 1993 the division was spun off into an independent venture again, as Libbey Inc.

1994

Net income reach $30 million, a 12.5 percent bump over 1994's 26.7 million.

1995

1995: Syracuse China is acquired.

1997

In 1997 Libbey expanded its international presence and broadened its product lines when it agreed to purchase a 49 percent interest in Mexico's top glass tableware supplier, Vitrocrisa, a subsidiary of Grupo Vitro S.A., the country's largest glassmaker.

2001

In 2001 Libbey agreed to buy the Anchor Hocking glass business from Newell Rubbermaid Inc. for more than $330 million.

2004

In 2004, it was the United States' largest manufacturer of glass dinnerware, with plants in Louisiana, California, and Ohio, as well as in the Netherlands.

2018

The company marked its 200th anniversary in 2018.

2019

In March 2019, Libbey announced that it had hired Mike Bauer, the former president of Master Lock Company, to replace Bill Foley as Chief Executive Officer.

2020

In June 2020, Libbey announced plans to file for Chapter 11 bankruptcy protection as the result of negative financial effects caused by the COVID-19 pandemic.

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1818
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Zippia gives an in-depth look into the details of Libbey, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Libbey. The employee data is based on information from people who have self-reported their past or current employments at Libbey. 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 Libbey. The data presented on this page does not represent the view of Libbey and its employees or that of Zippia.

Libbey may also be known as or be related to LIBBEY INC, Libbey, Libbey Inc, Libbey Inc. and New England Glass Company Libbey Glass Company Libbey-Owens-Ford.