Industry | Manufacturing |
---|---|
Predecessor | American Asphalt Paint Company Marietta Paint and Color Company |
Founded | 1940 |
Defunct | 1961 |
Fate | Merged with the Glenn L. Martin Company |
Successor | Martin Marietta |
Headquarters | Chicago, Illinois |
The American-Marietta Corporation was an American industrial conglomerate based in Chicago, Illinois, with numerous subsidiary companies across the Continental United States. It specialized in construction materials and industrial chemicals such as synthetic resins, adhesives, paints, and varnishes [1] and was a former constituent of the Fortune 500.
It was originally founded in 1913 as the American Asphalt Paint Company by Grover M. Hermann of Callicoon, New York, and his business partner Charles Phelan, [2] who was killed in an automobile accident in 1931. [3]
In 1940, the company merged with the Marietta Paint and Color Company of Marietta, Ohio, to become American-Marietta, with Hermann as president and director. [4] The company entered the Fortune 500 in 1955 at #257. [5] By 1960, the company's total income was $372 million and had reached #137.
At 70, Grover Hermann sought to retire. After negotiations in 1960 with George M. Bunker, chairman of the Glenn L. Martin Company, an agreement was made to merge American-Marietta with Martin. [2] The two companies formally merged in October 1961 to form Martin Marietta, with Hermann becoming Chairman of the Board of the new company until his retirement in 1975. He died in 1979. [6] In 1995 Martin Marietta went on to merge with Lockheed Corporation to form Lockheed Martin. [7]
In 1959, American-Marietta acquired Superior Stone, an aggregates company founded in Raleigh, North Carolina. After the merger with Martin, the aggregates division continued as Martin Marietta Materials, Inc.. In 1996, following Martin's merger with Lockheed, Martin Marietta Inc. was spun off as a wholly independent company currently trading as Martin Marietta Materials.
The Lockheed Corporation was an American aerospace manufacturer. Lockheed was founded in 1926 and merged in 1995 with Martin Marietta to form Lockheed Martin. Its founder, Allan Lockheed, had earlier founded the similarly named but otherwise-unrelated Loughead Aircraft Manufacturing Company, which was operational from 1912 to 1920.
The Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C. area. Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists as of January 2022.
The Glenn L. Martin Company - also known as The Martin Company from 1957 to 1961 - was an American aircraft and aerospace manufacturing company founded by aviation pioneer Glenn L. Martin, which operated from 1917 to 1961. The Martin Company produced many important aircraft for the defense of the US and allies, especially during World War II and the Cold War. During the 1950s and '60s, the Martin Company moved from the aircraft industry into the guided missile, space exploration, and space utilization industries.
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Wright-Martin Aircraft Corporation was a short-lived aircraft manufacturing business venture between the Wright Company and Glenn L. Martin.
The Martin Marietta Corporation was an American company founded in 1961 through the merger of Glenn L. Martin Company and American-Marietta Corporation. In 1995, it merged with Lockheed Corporation to form Lockheed Martin.
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Daniel Michael Tellep was an American aerospace businessman. He died on November 26, 2020. He served as CEO and chairman of the board of the Lockheed Corporation from 1989 to 1995 and CEO of Lockheed Martin Corporation in 1996. Mr. Tellep joined Lockheed in 1955 and served as President of Lockheed Missiles & Space Company Inc., a wholly owned subsidiary of Lockheed, from 1984 to 1988. He served as group president-missiles and space systems from 1986 to 1988. Mr. Tellep served as chairman of the board of Lockheed Martin Corporation until 1996. Mr. Tellep served as Director of Wells Fargo Bank National Association of WFC Holdings Corporation and has been its Director since 1996. He served as Director of First Interstate Bancorp since 1991. He served as a Director of Edison International, Scecorp and Southern California Edison Company, a subsidiary of Edison International since 1992. Mr. Tellep held two degrees from the University of California, Berkeley and has completed studies at Harvard Business School.
Martin Marietta Materials, Inc. is an American company and a member of the S&P 500 Index. The company is a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks and foundations.
Lockheed Martin Aeronautics Company is a major unit of Lockheed Martin with headquarters at Air Force Plant 4 in Fort Worth, Texas.
CHS Inc. is a Fortune 500 secondary cooperative owned by United States agricultural cooperatives, farmers, ranchers, and thousands of preferred stock holders. Based in Inver Grove Heights, Minnesota, CHS owns and operates various food processing and wholesale, farm supply, financial services and retail businesses. It also distributes Cenex brand fuel in 19 midwestern and western states as one of North America's largest c-store networks. It is a co-owner of Ventura Foods, a vegetable oil processor.
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The Baltimore-based Research Institute for Advanced Studies (RIAS), not to be confused with the better-known Institute for Advanced Study in Princeton, New Jersey, was among the several centers for research in the mathematical and physical sciences established throughout the United States after World War II. In recognition of the critical role that fundamental scientific research played in the outcome of that war. Although not as well known as other similar institutes, such as the IAS mentioned above, or the RAND Corporation, it nevertheless made significant contributions to the sciences of systems and control theory, and various branches of mathematics, during its 18-year existence.
Lockheed may refer to:
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services. The company was founded in 1924 as Van Waters & Rogers. It was also formerly known as Royal Vopak and later Univar. The company changed its name to Univar Solutions following the acquisition of Nexeo Solutions in 2019.
The Worthington Corporation was a diversified American manufacturer that had its roots in Worthington and Baker, a steam pump manufacturer founded in 1845. In 1967 it merged with Studebaker and Wagner Electric to form Studebaker-Worthington. This company was in turn acquired by McGraw-Edison in 1979.
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