Swagelok Company Company History Timeline

(218 Jobs)
1948

His climb to billionaire status began when he bought out his business partner's half of Crawford Fitting Co. for $2,000 in 1948.

1986

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.

1990

He first appeared on the Forbes 400 in 1990 with a fortune of $600 million.

1995

As Forbes editor Randall Lane wrote in 1995, "But maybe nobody knows what is in Fred Lennon's mind and in his will.

1997

In the 1997 issue, the last before he died, that fortune had grown to $1 billion.

1998

And with that riddle left unsolved, when Lennon died at the age of 92 in July 1998 so did all the attention that his wealth and politics had generated.

2002

Enter William Lennon, Fred's grandson, who in 2002 took his aunt Catherine Lozick, Fred Lennon's daughter, to probate court in Cuyahoga County.

2003

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.

2008

Roughly half of those assets come from the Lozicks, the other half comes from Swagelok, which in 2008 began donating $3 million to the foundation annually.

2012

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.

Founded
1947
Company Founded
Headquarters
Solon, OH
Company Headquarter
Founders
Fred Lennon
Company Founders

Swagelok Company Jobs Nearby

Swagelok Company Jobs

Swagelok Company Similar Companies

Company NameFounded DateRevenueEmployee SizeJob Openings
Kennametal1938
1938$1.9B10,000164
Leggett & Platt1883
1883$4.8B20,000271
Nucor1940
1940$22.6B26,001866
Parker Hannifin1917
1917$13.7B57,1701,999
Franklin Electric1944
1944$1.3B5,60069
Acme United1867
1867$142.5M552-
Hubbell1888
1888$4.6B19,700519
A. O. Smith1904
1904$3.0B15,100106
Whirlpool1911
1911$20.4B78,000487
Dover1955
1955$7.1B29,000709
Find Jobs from Similar Companies
Personalize your job search. Where would you like to work?
0 selections

Swagelok Company Similar Companies Jobs