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Swagelok Company history
Swagelok Company company history timeline
His climb to billionaire status began when he bought out his business partner's half of Crawford Fitting Co. for $2,000 in 1948.
They are best known for creating the Swagelok compression tube fitting in 1959, a commonly used fitting type for the connection of metal tubing. (en)
Eles são mais conhecidos por criar o acessório de tubo de compressão Swagelok em 1959, um tipo de acessório comumente usado para a conexão de tubos de metal. (pt)
The company outgrows its Cleveland facility and, in 1964, breaks ground for a new home in Solon, a suburb of Cleveland.
Documents from that case, obtained by FORBES, show that in 1986, Fred Lennon set up a trust for the benefit of Lozick that would contain the vast majority of the assets in his estate.
He first appeared on the Forbes 400 in 1990 with a fortune of $600 million.
As Forbes editor Randall Lane wrote in 1995, "But maybe nobody knows what is in Fred Lennon's mind and in his will.
In the 1997 issue, the last before he died, that fortune had grown to $1 billion.
In May 2003, Lozick settled, agreeing to pay each of Fred Lennon's grandchildren, William included, $1.25 million, up from a reported $50,000 apiece in the original estate.
The couple owns property in both Ohio and Florida and runs the Edward A. and Catherine L. Lozick Foundation, which had $16.2 million in assets in 2011.
The Lozicks have also carried on Fred Lennon's tradition of donating to the Republican Party, including giving the maximum allowed donation of $61,600 to the RNC in 2012.
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Swagelok Company competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Leggett & Platt | 1883 | $4.4B | 20,000 | 83 |
| Nucor | 1940 | $30.7B | 26,001 | 410 |
| Parker Hannifin | 1917 | $19.9B | 57,170 | 593 |
| Acme United | 1867 | $194.5M | 552 | - |
| Hubbell | 1888 | $5.6B | 19,700 | 291 |
| A. O. Smith | 1904 | $3.8B | 15,100 | 49 |
| Whirlpool | 1911 | $16.6B | 78,000 | 133 |
| Dover | 1955 | $7.7B | 23,000 | 480 |
| IDEAL INDUSTRIES | 1916 | $500.0M | 1,225 | 6 |
| Rexnord | 1891 | $1.9B | 8,000 | - |
Swagelok Company history FAQs
Zippia gives an in-depth look into the details of Swagelok Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Swagelok Company. The employee data is based on information from people who have self-reported their past or current employments at Swagelok Company. 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 Swagelok Company. The data presented on this page does not represent the view of Swagelok Company and its employees or that of Zippia.
Swagelok Company may also be known as or be related to Swagelok, Swagelok Company and The Swagelok Co.