Gould Electronics

Last updated
Gould Electronics GmbH
Industry Semiconductors
Founded1928;97 years ago (1928)
Defunct2014;11 years ago (2014)
Fateclosed by its corporate owner, JX Nippon Mining & Metals
Headquarters Eichstetten, Germany
Area served
United States, Asia, Europe
OwnerJX Nippon Mining & Metals
Parent JX Holdings
Website www.gould.com

Gould Electronics Inc. was a manufacturer of electronics and batteries that branched into other fields before being partially absorbed in 1988 by Nippon Mining (now JX Holdings) and closed by them in 2014. [1] The company had it's origins in several battery manufacturers who were consolidated in the period under the ownership of the National Battery Co.

Contents

History

Gould had its origin in a number of companies, including both the Gould Storage Battery Corporation (founded 1899) and the National Lead Battery Company (founded 1920 in Saint Paul, Minnesota). Gould Storage Battery had been founded by Charles A. Gould and was a 100% owned subsidary of his Gould Coupler Company based in Depew, New York. During the World War I the company along with Exide had manufactured batteries for US Navy submarines. [2] During the 1920's they would pivot into producing batteries for the automotive industry.

In 1928 the National Lead Battery company reincorporated in Delaware as the National Battery Co. and two years later bought the Gould Storage Battery Company for $225,000. [3] [4] In 1947 National Battery acquired the Storage Battery Divison of Philco and merged it into its Gould Storage Battery subsidiary. [5] In 1950 the company renamed itself as Gould-National Batteries, Inc. [6] [7] In 1969 Gould-National merged with Clevite, [8] this resulted in the renaming of the company to Gould Inc. and the entering into the semiconductor industry. Gould Inc. would move its headquarters from St. Paul's to Rolling Meadows, Illinois after the merger. [9] Having acquired Systems Engineering Laboratories Gould became involved in the Superminicomputer computer business.

From 1977 to the mid-1980s the company owned the Modicon brand of programmable logic controller, today owned by Schneider Electric. This was in a phase where the company became a mini-conglomerate, with a diverse portfolio of industrial interests. In 1983 the original Battery business which had made up nearly the entirety of the business before diversification in the late 1960's was sold to a group of investors. [10] This would become GNB Batteries Inc. (the initials based off original Gould-National Batteries name) and would be acquired by Pacific Dunlop in 1987 [11] before finally becoming part of Exide in 2000. [12]

In 1985, Gould, Inc. employed 21,000 worldwide and had sales of 1.4 billion, most of which came from its electrical and electronics products and components, and its defense systems. [13]

Gould's non-defense businesses were acquired in 1988 by Nippon Mining (now JX Holdings). As part of the U.S. government approval of the 1988 deal, Nippon Mining was required to divest the Gould divisions then doing work for the Department of Defense, including the Computer Systems Division. [14] Later, in 1989, Encore Computer Corporation (about 250 employees) bought the computer division (about 2500 employees) from Nippon Mining.

Gould would report losses over the next couple of years and in 1993 Nippon Mining decided to liquidate Gould Inc. and to divide the assets between two new companies, namely Gould Electronics Inc. (Copper Foil manufacture for Electronics industry) and Gould Instrument Systems Inc. (test and measurement equipment). [15] GIS Inc. was subsequently purchased by ThermoSpectra for $25.6 million in May 1995. [16]

At some point it became headquartered in Eichstetten, Germany.

Sports sponsorship

The Gould sponsored IndyCar used to win the 1979 Indianapolis 500 Indy500winningcar1979.JPG
The Gould sponsored IndyCar used to win the 1979 Indianapolis 500

During the late 1970s, Gould served as a sponsor for Penske Racing in American open wheel racing. [17] This included being the primary sponsor of the winning car of the 1979 Indianapolis 500.

Closure

In July 2014, Gould's then current corporate parent, JX Nippon Mining & Metals Corporation (a part of JX Holdings), announced that it would be closing down the company as a part of JX Nippon Metals & Mining's restructuring, involving closing down several facilities in Japan, the Philippines, and in Germany, where Gould was headquartered. The restructuring was in response to, according to their press release about Gould's closure, "a shrinking market in Europe, high overcapacity and an ongoing erosion of prices, partly triggered by subsidized manufacturers from China and other Asian countries." [18]

Gould is the current owner of a lead-contaminated parcel of land in Throop, Pennsylvania, which it bought in the early 1980s from the former Marjol Battery and Equipment Company.[ citation needed ]

The CGI title credits of the 1980s television show Amazing Stories was created using a Gould Powernode 9080 computer.

References

  1. ↑ "Gould Electronics closes shop". evertiq.com. 2014.
  2. ↑ Lenton, H. T. (1973). American submarines. Garden City, N.Y., Doubleday. ISBN   978-0-385-04761-6.
  3. ↑ International directory of company histories. Vol. 14. Detroit, Mich. : St. James Press. 1996. pp. 206–209. ISBN   978-1-55862-655-3 . Retrieved 14 March 2025.
  4. ↑ "GOULD COUPLER CO. SELLS BATTERY UNIT; Subsidiary of Concern Formed by Jay Gould and Depew Passes to National Battery". The New York Times. 15 July 1930.
  5. ↑ "Gould to Build Philco Batteries". The New York Times. 29 June 1947.
  6. ↑ "$1,581,349 EARNED BY GOULD-NATIONAL; Battery Concern Equals $4.72 for Six Months, Compared to $4.17 the Year Before". The New York Times. 13 December 1950.
  7. ↑ "Certificate of amendement of the Certificate of Incorporation". Ohio Business Details & Filings.
  8. ↑ Abele, John J. (22 March 1969). "GOULD ACQUIRES CLEVITE SHARES; Companies' Boards to Study a Final Plan for Merger". The New York Times.
  9. ↑ Larson, Don W. (1979). Land of the giants : a history of Minnesota business. Minneapolis : Dorn Books. p. 2. ISBN   978-0-934070-03-4.
  10. ↑ "GOULD INC. TO SELL BATTERY OPERATIONS (Published 1983)". 24 May 1983.
  11. ↑ "COMPANY NEWS; GNB Battery Sale (Published 1987)". 6 October 1987.
  12. ↑ "COMPANY NEWS; EXIDE TO ACQUIRE GNB TECHNOLOGIES, A BATTERY BUSINESS (Published 2000)". 11 May 2000.
  13. ↑ "Gould Electronics History - Zippia". www.zippia.com. 2020-08-27. Retrieved 2021-07-07.
  14. ↑ Markoff, John (31 August 1988). "Gould To Be Acquired By Nippon Mining". New York Times. Retrieved 22 April 2016.
  15. ↑ Pollack, Andrew (8 September 1993). "$865 Million Write-Off Over Gould". The New York Times.
  16. ↑ "THERMO INSTRUMENT SYSTEMS INC - FORM-10Q". U.S. Securities and Exchange Commission. Retrieved 15 March 2025.
  17. ↑ Katz, Michael (May 22, 1978). "Penske and Co.: Big Wheels at Indy". The New York Times . Retrieved September 3, 2024.
  18. ↑ Gould Electronics' website (captured on 2/19/2015 by the Wayback Machine), , Gould Electronics announces plant closure by the end of 2014, followed by liquidation of the company
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