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P&F Industries company history timeline

1961

Plastics P & F ibers Inc., the predecessor to P & F Industries, was incorporated in New Jersey and made its initial public offering of stock in 1961, when, by selling shares at $2 each, it collected $246,000 for expansion and working capital and to repay loans.

1962

Duggan, Dennis, “Plumbing and Heating Systems Ignored by Many House Buyers,” New York Times, July 22, 1962, Sec.

1965

P & F Industries acquired, in 1965, Embassy Industries, Inc., a manufacturer and distributor of baseboard heating and other heating and air conditioning elements located in Farmingdale, Long Island.

1967

P & F, in 1967, had revenues of $35.71 million and net income of $1.81 million, although Embassy was not yet profitable.

1968

Sidney Horowitz, president and treasurer, succeeded Jack Nelson as chairman and chief executive officer in 1968.

Now headquartered in Great Neck, Long Island, P & F was rapidly becoming a conglomerate and, in 1968, acquired seven businesses, including National Fence Manufacturing Co., Inc., which had factories in three states, and a producer of plumbers’ chemicals that was attached to Embassy.

1969

P & F, in 1967, had revenues of $35.71 million and net income of $1.81 million, although Embassy was not yet profitable. It added several more companies in 1969, including Triangle Sheet Metal Works, Inc., another Long Island heating, ventilating, and air conditioning contractor; three graphic arts and printing firms; and Bilnor Corp., a Brooklyn-based builder of swimming pools and accessories.

1975

Bilnor closed in 1975.

1978

By 1978 only National Fence, Embassy, Horowitz, and Triangle (including Modulaire) remained.

1984

P & F Industries acquired, in 1984, Florida Pneumatic Manufacturing Corporation, Inc., a Boynton Beach, Florida, manufacturer and importer of a broad line of pneumatic tools, parts, and accessories for sale in the automotive-aftermarket and industrial trade.

1985

P & F moved its headquarters to Farmingdale in 1985.

1986

The parent company, in early 1986, added Franklin Manufacturing Corp. of Oceanside, Long Island.

1994

1994: The company abandons contracting by selling Triangle Sheet Metal Works, Inc.

A slow recovery ensued, and P & F’s sales volume reached $44.8 million in 1994.

1999

In 1999 P & F Industries recorded record revenues of $82.7 million and record income of $4.55 million.

2022

"P & F Industries, Inc. ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/p-f-industries-inc

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Founded
1959
Company founded
Headquarters
Melville, NY
Company headquarter
Founders
Bilal Malik
Company founders
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P&F Industries may also be known as or be related to P & F Industries, P&F INDUSTRIES INC, P&F Industries, P&F Industries Inc and P&F Industries, Inc.