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Standard Companies history
Standard Companies company history timeline
With the help of Chemical Bank, American Standard undertook a $1 billion refinancing program in 1993.
Early 1993 saw competitor Dibrell Brothers seek a merger with Standard Commercial; any tentative agreements reached, however, were scrapped the next year by Standard.
By 1994 the company's sales and earnings were growing in all three major business lines.
Referring to 1994 as a "year of unprecedented difficulty," president and CEO J. Alec G. Murray pledged to divest those interests not crucial to Standard's role as wool and tobacco.
However, in March 1995, Standard decided to sell its wool trading and processing business.
Consistent Growth As a Public Company: 1995-99
Operating income for the first quarter of 1995 was up 43 percent, and sales increased 24 percent.
A fourth segment, the Medical Systems Group, was formed in 1997 to focus on new diagnostic technologies.
In 1997 American Standard established the Medical Systems Group as a new business to focus on new diagnostic technologies.
Sales in 1997 reached the $6 billion level after American Standard rejected a $4 billion buyout bid from industrial conglomerate Tyco International Ltd. at the beginning of the year.
In 1998 sales reached $6.7 billion.
1999 — On April 16, StanCorp Financial Group, Inc., the holding company of Standard Insurance Company, begins trading on the New York Stock Exchange as SFG.
2000 — StanCorp Financial Group, Inc., opens a New York subsidiary: The Standard Life Insurance Company of New York.
The year 2004 marked the 100th anniversary of the company.
2006 — The Standard celebrates its 100-year anniversary by sponsoring 10,000 employee volunteer hours, 12 months of nationwide community involvement activities and the creation of The Standard Charitable Foundation.
In 2007, Bain Capital purchased American Standard Global Bath and Kitchen business while Sun Capital bought over American Standard Americas, which led to the creation of American Standard Brands that included the integration of Elijer, Crane Plumbing and Fiat, all Sun Capital companies.
In 2007, American Standard Companies divided, allowing Trane to renew its business focus and leadership in integrated HVAC services and solutions.
Furthering its transformation into a multi-brand commercial manufacturer that serves customers in diverse global markets, Ingersoll Rand acquired Trane in June 2008.
17 TODAY Fresh Ideas For a New Generation In 2013, American Standard joined the LIXIL Group of Japan, one of the world’s leading building products companies.
In 2014 Standard Companies joined forces with United States LBM. The partnership with United States LBM aforded Standard with greater buying power and a platform for future growth.
19 TODAY Good Design Award 2014 American Standard wins 2014 Good Design Award for its Acacia Evolution basin mixer.
2015 — Employee Giving Campaign raises $2.2 million for schools and nonprofits.
Standard Companies continued it's growth pattern with the acquisition of Muskegon, Mich. based Keene Lumber Company in 2016.
2016 — Merger between The Standard and Meiji Yasuda becomes final.
2018 — Employee Giving Campaign raises $4.7 million for schools and nonprofits.
© 2019 Standard Companies | Terms of Use | Privacy Notice | Do Not Sell My InfoServing Grand Rapids, Ada, Sparta, Grand Valley, Holland, Montague & Ludington
2020 — Employee Giving Campaign raises $5.9 million for schools and nonprofits.
At 1.79 million, demat accounts opened in June fewest since Feb 2021
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Standard Companies competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Boise Technologies | - | $530,000 | 7 | 29 |
| VSM Sewing Inc | - | $170.0M | 800 | - |
| The Northeast Group | 1989 | $66.0M | 50 | 11 |
| Ocean Garden Products | 1957 | $9.7M | 50 | - |
| Takara Belmont Usa, Inc | - | $31.0M | 100 | - |
| General Binding Corporation | 1947 | $840.0M | 3,600 | - |
| Systel Business Equipment | 1981 | $75.0M | 17 | 28 |
| F. Schumacher & Co. | - | - | - | 26 |
| Longust Flooring Company, LLC | - | $1.5M | 50 | - |
| Manufacturing | 1969 | $1.0M | 7 | - |
Standard Companies history FAQs
Zippia gives an in-depth look into the details of Standard Companies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Standard Companies. The employee data is based on information from people who have self-reported their past or current employments at Standard Companies. 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 Standard Companies. The data presented on this page does not represent the view of Standard Companies and its employees or that of Zippia.
Standard Companies may also be known as or be related to Standard Companies and The Standard Companies Inc.