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Mueller Industries history
Mueller Industries company history timeline
Since its inception in 1917 as Mueller Metals Company and later Mueller Brass Company in Port Huron, Michigan, the company has been a leader in the development of new products and innovative manufacturing processes.
Since 1917, Mueller Industries companies have built a well-earned reputation for providing high-quality products.
By 1927, Mueller was firmly established in the plumbing business and was producing a full line of fittings and valves produced in its own foundry.
Perhaps the company’s most important innovation came in 1930 when the company introduced the revolutionary Streamline solder-type fitting.
He bought, and later sold, Sheet Aluminum Corporation, of Jackson, Mississippi, and in March of 1958, he acquired American Sinteel Corporation, a Yonkers, New York, manufacturer of powder metal parts.
In addition, Riggin opened an impact extrusion facility in Mary sville, Michigan, in 1958.
Mueller continued to grow, reporting profits of $2.35 million on sales of $80.8 million in 1963.
In 1969, after Horwitz invested $17 million in Mueller’s interests and $16 million in the copper mine, USSRAM’s sales reached an all-time high of $170 million, while income hit a record $12 million.
By 1976, however, slow housing starts had led to a performance that, while acceptable, was nowhere near what it might be in a boom economy.
In 1977 Victor Posner, chairman of Sharon Steel Corp., offered to buy UV Industries.
Under the Posner regime, Mueller remained profitable, and in 1983 the company’s Canadian subsidiary in Strathroy, Ontario, began manufacturing metric fittings.
In 1986 it was rumored that Sharon would sell Mueller to Quantum for $55 million, but that exchange never took place.
Norman, James R., “Pulling Sharon Steel off the Scrap Heap,” Forbes, August 20, 1990.
In 1990 Mueller acquired U-Brand Corporation, an Ashland, Ohio, company whose plants in Ashland and Upper Sandusky, Ohio, manufactured plastic valves, pipe couplings, steel pipe nipples, malleable iron pipe fittings, iron castings, and plastic pipe fittings for wholesalers and hardware stores.
The stock initially traded on the NASDAQ exchange, but the company gained a listing on the New York Stock Exchange in February 1991.
Almost all of the 1991 loss was due to a revaluation of assets, coupled with costs related to the bankruptcy proceeding and restructuring of the business following the reorganization.
Karp’s efforts paid off handsomely—for the year ended 1992, earnings were up significantly, reaching $16.6 million on sales of $517.3 million.
During 1993 the Quantum Fund sold the bulk of its stake to the public through a secondary offering.
The move, completed in May 1996, was taken in order to place the head office closer to Mueller’s core manufacturing operations in Tennessee and Mississippi.
The company achieved sales of about $20 million in 1996.
In August Mueller acquired B&K Industries, Inc., an Elk Grove Village, Illinois-based importer and distributor of residential and commercial plumbing products with sales in 1997 of about $50 million.
Mueller recorded its sixth straight year of revenue growth and its eighth consecutive year of earnings growth in 1999.
In August 2002 the company completed the divestment of its noncore assets with the sale of Utah Railway to Genessee & Wyoming, Inc. for $55.4 million.
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Mueller Industries competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Flowserve | 1997 | $4.6B | 17,000 | 210 |
| ATCO Rubber Products | 1961 | $166.0M | 1,200 | - |
| Vitro America | - | - | - | - |
| Bonded Materials Co | - | $3.5M | 35 | - |
| Fabral | 1967 | $127.0M | 200 | 1 |
| Metal Sales | 1963 | $230.0M | 450 | 24 |
| The Tapco Group | - | $10.0M | 137 | - |
| Earthcore | 1989 | $227.0M | 150 | - |
| McElroy Metal | 1963 | $210.0M | 750 | 25 |
| SealMaster | 1969 | $124.0M | 50 | - |
Mueller Industries history FAQs
Zippia gives an in-depth look into the details of Mueller Industries, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Mueller Industries. The employee data is based on information from people who have self-reported their past or current employments at Mueller Industries. 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 Mueller Industries. The data presented on this page does not represent the view of Mueller Industries and its employees or that of Zippia.
Mueller Industries may also be known as or be related to Mueller Industries, Mueller Industries Inc, Mueller Industries LLC and Mueller Industries, Inc.