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Syratech Corporation history
Syratech Corporation company history timeline
Towle filed for protection from its creditors under Chapter 11 of the federal bankruptcy code in March 1986.
The former company derived from Robert Wallace, who manufactured the first spoons made in the United States of German or nickel silver in 1835. It bought money-losing Wallace International Silversmiths from Katy Industries Inc. in September 1986.
Florence reacquired four Towle units--Towle Canada, Towle Hong Kong, Towle Retail, and the Silversmiths division--in July 1990 for $20 million and merged them into Syratech.
Of $127.7 million in sales in 1991, tableware and giftware accounted for 65 percent, furniture and accessories for 35 percent.
Sterling silver and silverplated giftware products, including holloware, were being manufactured in North Dighton, Massachusetts. (The Newburyport plant was closed in 1994.) Products were also being purchased from about 160 foreign manufacturers.
In 1995 Syratech sold Syroco to Marley plc, a British company, for $140 million.
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Syratech Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| FLAVORx | 1994 | $1.8M | 30 | - |
| Janome America | 1921 | $14.0M | 92 | 1 |
| Chamilia | 2002 | $31.5M | 200 | - |
| Sportcraft | 1926 | - | 45 | - |
| Wicked Fashions, Inc. | - | $125.0M | 400 | - |
| Hy-Lite, a U.S. Block Windows | 1996 | $19.0M | 100 | - |
| Specialized Marketing International | 1970 | $9.5M | 75 | - |
| Carolee | 1972 | $320,000 | 6 | - |
| Curtis Circulation Company | 1946 | $91.5M | 81 | - |
| K&M Associates | 1959 | $8.5M | 90 | - |
Syratech Corporation history FAQs
Zippia gives an in-depth look into the details of Syratech Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Syratech Corporation. The employee data is based on information from people who have self-reported their past or current employments at Syratech Corporation. 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 Syratech Corporation. The data presented on this page does not represent the view of Syratech Corporation and its employees or that of Zippia.
Syratech Corporation may also be known as or be related to Syratech and Syratech Corporation.