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Schlegel Corporation history
Schlegel Corporation company history timeline
Schlegel Canada Inc. was established in 1931.
There were many technical difficulties, including specification changes, but full production began by the summer of 1943.
In 1973 it was announced that Schlegel Illinois.
In 1976 a pair of entrepreneurs, Mack Sons and Bill Schlegel, founded a small construction and mining equipment manufacturing company in Albuquerque, New Mexico – the company known today as Mega Corp.
By 1976 they had left WW Steel and formed their own business - Magnum Industries.
In 1980, Bill and Mack sold Magnum and pursued other business opportunities.
In 1983, a group of investors led by Bill Schlegel and Jack Rust, owner of Rust Tractor, the Caterpillar dealer in New Mexico, re-purchased Magnum and Bill returned as company president.
In 1984, Mega added coal haulers and bottom-dump haulers to the product line.
In 1988 Schlegel had manufacturing facilities in twelve countries.
The UK-based BTR plc purchased Schlegel Corporation in late 1988 through a subsidiary.
In 1993 the UK subsidiary reported that it was upgrading to infrared ovens to bond the low-friction coating to its car window seals, reducing time and energy used in the process.
In July 1995 it was announced that BTR, parent of US-based Schlegel Corporation and manufacturer of automotive component businesses such as Metzeler and Dunlop, was establishing a joint venture in New Delhi, India.
In 1995 BTR rebranded the product line to BTR Sealing Systems.
In November 1997 UniPoly S.A, bought 32 companies from BTR, including the Schlegel Sealing and Shielding Group.
In 1997 the Schlegel operations were acquired by UniPoly S.A. in a BTR management buy-out.
The deal was a management buy-out in which UniPoly Group was formed to take over most of the rubber products business of BTR PLC. As of 2001 its main operations were UniPoly Enerka (conveyor belts), UniPoly Hiflex Netherlands (fluid handling) and UniPoly Schlegel Holdings.
In 2001 the banks that had funded the buy-out installed Michael Teacher as chief executive in an effort to turn around the struggling business.
In March 2006 Lupus Capital bought the Schlegel Building Products Division from Unipoly.
In 2006, Jim Kunz became General Manager, and later President, of Mega and continued to grow the company’s product portfolio and geographic markets.
Upon Jack's retirement in 2006, Bill and Randy purchased Jack’s portion of the business.
He became a partner with Bill and Randy in 2007.
Lupus Capital plc changed its name to Tyman plc in February 2013.
In February 2014 Schlegel International completed acquisition of Vedasil, a Brazilian manufacturer of pile weatherseals.
Rochester Specialty Products became a permanent subsidiary of Right Lane Industries in December 2018.
It has a surprisingly extensive scope, including all Member States of the European Union along with the UK post-Brexit in 2019, as the GDPR will be also incorporated into UK law.
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Schlegel Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Freudenberg Performance Materials L.P. | 1983 | $76.0M | 249 | - |
| Elevate Textiles | 1923 | $750.6M | 3,000 | 46 |
| OMNOVA Solutions | 1999 | $759.9M | 2,100 | 10 |
| Homepage - Yocream | 1976 | $120.0M | 249 | - |
| AMFINE CHEMICAL | - | $83.0M | 125 | 2 |
| Ach Food Companies | 2013 | $1.0B | 3,500 | 7 |
| RSCC Wire & Cable | 1996 | $97.0M | 375 | - |
| Nutramax Laboratories Consumer Care, Inc. Online Store | 1992 | $110.0M | 50 | 27 |
| Clariant | 1995 | $6.9B | 17,901 | 40 |
| Henkel | 1970 | $21.5B | 9,000 | 507 |
Schlegel Corporation history FAQs
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Schlegel Corporation may also be known as or be related to Schlegel Corporation and Schlegel Manufacturing Company, Schlegel Corporation.