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SSL Americas, Inc. history
SSL Americas, Inc. company history timeline
Founder William M. Scholl died in 1968, and his heirs incorporated Scholl Inc. as a public company to settle his estate.
Founder William M. Scholl died in 1968, and his heirs incorporated Scholl Inc. as a public company to settle his estate. Its first public stock offering was in 1971.
In 1978, the company was sold to Schering-Plough Corp., a large New Jersey maker of pharmaceuticals.
1987: Non-United States operations of Scholl are sold to British firm, which takes the name Scholl plc.
By early 1993, many of LIG's new businesses were in the red, but Woltz managed to cover up this fact, misleading investors.
The company had to take a $220 million charge in 1994 for its discontinued operations, and ended up in the red by some $37 million.
Though the company's sales were up as much as 10 percent for 1994, operating profits were eaten away by the high cost of promotion and distribution.
1998: Seton Scholl is formed out of Seton Healthcare and Scholl plc.
In 1999, the British Office of Fair Trade announced its second investigation in five years into LIG's trading practices in England, where the company held 70 percent of the condom market.
1999: Seton Scholl buys London International; new company is named SSL International plc.
Operating costs also ate into SSL's profits, and in 2002 the company had to issue a warning that it would not meet its profit goals, and it would have to lay off workers.
SSL's launch of Flight Socks in 2002 was one of its most successful new products for Doctor Scholl's.
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SSL Americas, Inc. may also be known as or be related to SSL Americas Inc and SSL Americas, Inc.