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Yorktowne Inc history
Yorktowne Inc company history timeline
Elkay was founded in 1920 by Leopold Katz, his son Louis, and a tinsmith named Ellef Robarth.
The Yorktowne Hotel opened in 1925 at South Duke and East Market streets.
In a sign of the depreciating value, the authority purchased the hotel for $1.8 million, just north of the $1.175 million it took to build it in 1925 and less than half of the $4.3 million the hotel was originally listed at by Starwood.
Elkay reached a key moment in its history in 1935 when it offered its first stainless steel sink, the earliest models constructed out of a light gauge of metal, encased in a wooden frame.
Elkay was already well established in the stainless steel sink business, but it further strengthened its hold with a production breakthrough in 1948, when it began to die draw stainless steel bowls.
In 1970 it introduced a three-compartment stainless steel sink that proved highly popular.
In 1979 Elkay moved the corporate offices to its present site in Oak Brook, Illinois.
The company had started out small, producing just four stainless steel sinks a day, but by 1990 it was in a position to pursue a growth strategy, diversifying into the production of composite sinks and opening warehouses throughout Mexico.
Halsey Taylor was acquired in 1991, adding to Elkay's water cooler segment.
Founded in 1992, Yorktowne Roofing & Siding has been serving residential and commercial customers for almost 30 years.
Edl was named president of the newly formed Elkay Cabinet Group, which in 1995 recorded combined sales of $75 million.
Elkay added further to its cabinet assets in May 1996 with the purchase of MasterCraft Cabinets. As a result, Elkay with $165 million in sales in 1996 became the seventh largest cabinet maker in the United States, as determined by Wood & Wood Products.
In 1996 the partnership built a new water cooler manufacturing plant in Malaysia to service the venture.
In 2000 it opened a new 100,000-square-foot distribution center in Bolingbrook, Illinois, which played a major part in Elkay's efforts to improve efficiencies and bolster margins.
McCarthy, Kevin M., "Elkay Manufacturing in No Danger of Going Down Drain," Manufacturing Today, September/October 2002.
In late 2004 it acquired Phylrich International, maker of decorative plumbing products, a deal that expanded Elkay's faucet collections.
In 2005, the Marriott in downtown Lancaster was built, and with it opened up a lot of businesses in the surrounding area.
Around 2013, his real estate company, Susquehanna Real Estate, was contracted to make recommendations on the Hotel Sterling in Wilkes Barre.
He was aware the YCIDA wanted to buy the hotel, and, in the months before his death in 2016, was a strong proponent of the move, Kay said.
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Yorktowne Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Canyon Creek Cabinet | 1981 | $25.0M | 25 | - |
| R.D. Henry & Company | 1981 | $45.0M | 350 | - |
| 3C Store Fixtures | 1975 | $28.0M | 350 | - |
| Kent Moore Cabinets | - | $100.5M | 200 | - |
| Wood-Mode | 1942 | $1.8B | 11,000 | - |
| Elkay Manufacturing | 1920 | $640.0M | 2,500 | - |
| American Woodmark | 1980 | $1.6B | 10,500 | 59 |
| Garden Highway | 2003 | $47.0M | 350 | - |
| iFit | 1977 | $1.0B | 3,263 | 8 |
| Batesville Casket | 1884 | $640.0M | 3,460 | 4 |
Yorktowne Inc history FAQs
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Yorktowne Inc may also be known as or be related to Yorktowne Inc, Yorktowne Inc. and Yorktowne, Inc.