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ZERO Manufacturing history
ZERO Manufacturing company history timeline
A Small Business Administration loan, however, kept the business afloat, and in 1957, Zierold received new help in the form of a $250,000 investment by Alfred Reddock, a venture capitalist.
After Reddock agreed to join the company's board of directors, Zierold gained the credibility it needed to go public, which it did in 1959.
In 1969, Zero purchased the Halliburton luggage-making operations from the Halliburton oil service company.
By 1973, Zero again turned profitable, earning $600,000 on sales of $22 million.
When Hill retired in 1985, Godbold took over as chief executive officer.
Sales, which neared $200 million in 1990, fell to $160 million.
“Utah Proves to Be the Right Place for Revitalizing Profits,” Barrons, October 11, 1993.
Zero also began a new wave of acquisitions, including the 1993 purchase of J.H. Sessions & Sons of Connecticut, which manufactured case hardware such as handles and hinges and other materials for annual sales of $4 million.
The company bought Cambridge Aeroflo Inc., which made electronic thermal controls, in July 1996.
Total revenues reached $206 million in fiscal year 1996, producing net earnings of nearly $17 million.
Several more acquisitions followed in the first half of 1996.
Zero also sold a business in 1996—Anvil Cases Inc., best known for making rugged, fabricated cases for musical instruments.
EG&G Birtcher Inc., a maker of specialized hardware for the electronics industry, was bought out in September 1997.
Record sales and earnings continued in the fiscal year ended March 31, 1998, when revenues reached $258.7 million.
A much larger deal followed in 1998, when Zero Corporation became a subsidiary of Applied Power Inc. (APW), a publicly traded manufacturer of enclosures for electrical and electronic equipment.
APW sold Zero’s Utah operations in February 2002.
Galvin, Andrew, “Managing to Become Owners; A Trio of Supervisors Proposed Helping an Anaheim Steel-Enclosure Business Grow So That They Then Can Buy It,” Orange County Register, April 28, 2003, Tech.
In June 2006, Zero Corporation got a new CEO, Stephen Henderson.
"Zero Corporation ." International Directory of Company Histories. . Encyclopedia.com. (June 21, 2022). https://www.encyclopedia.com/books/politics-and-business-magazines/zero-corporation-0
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ZERO Manufacturing competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bud Industries | 1928 | $17.5M | 120 | - |
| Zierick Manufacturing | 1919 | $12.5M | 50 | - |
| Home Products International | 1952 | $220.0M | 750 | - |
| Grindmaster-UNIC-Crathco | 1911 | $14.0M | 75 | - |
| Alpha Wire | 1922 | $85.0M | 375 | - |
| Tyrolit | - | $635.4M | 4,401 | - |
| Columbus McKinnon | 1875 | $1.0B | 2,651 | 67 |
| Hoffco Incorporated | 1983 | $3.8M | 14 | - |
| Regal Ware | 1911 | $107.3M | 127 | 24 |
| Wells Lamont | 1907 | $280.0M | 1,400 | - |
ZERO Manufacturing history FAQs
Zippia gives an in-depth look into the details of ZERO Manufacturing, including salaries, political affiliations, employee data, and more, in order to inform job seekers about ZERO Manufacturing. The employee data is based on information from people who have self-reported their past or current employments at ZERO Manufacturing. 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 ZERO Manufacturing. The data presented on this page does not represent the view of ZERO Manufacturing and its employees or that of Zippia.
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