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Scott Fetzer Company; Company type: Subsidiary: Industry: Manufacturing: Predecessor: George H. Scott Machine Co., Scott & Fetzer Machine Co., Scott & Fetzer Co. Founded: 1914: Founder: George H. Scott and Carl S. Fetzer: Headquarters
- 1914
- Warren Buffett
- George H. Scott and Carl S. Fetzer
THE HISTORY OF SCOTT FETZER COMPANY. Our parent, The Scott Fetzer Company, began as a machine shop in 1914 in Cleveland, Ohio, founded by George Scott and Carl Fetzer. In the 1960s, it began a program of expansion and acquisition.
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In 2006, Western Plastics became a dedicated plastics plant to The Kirby Company. The Kirby Company’s history dates back to 1914 with a business partnership between George H. Scott and Carl S. Fetzer in Cleveland, Ohio.
The SCOTT AND FETZER CO., a major diversified conglomerate, began in 1914 when George H. Scott and Carl S. Fetzer organized the George H. Scott Machine Co. located at 118 Noble Ct.
- Origins
- Key Dates
- Change of Ownership in 1986
- Digital Age
- New Millennium
- Principal Subsidiaries
- Further Reading
Scott Fetzer was founded in a barn in 1914 as The Scott & Fetzer Machine Company, a joint effort of George H. Scott and Carl S. Fetzer, who would go on to produce automotive parts. Together, the men built a machinist shop producing tools and dies that became known for their precision. During World War I, the Cleveland-based Scott & Fetzer manufactu...
1914:
1. The Scott & Fetzer Machine Company, a manufacturer of parts and tools, incorporates.
1925:
1. Scott Fetzer releases the Kirby Scott & Fetzer Sanitation System.
1964:
1. An acquisition spree begins.
Up to this point, Scott Fetzer was prospering rather quietly. In the four quarters leading up to December 1984, sales had risen 17 percent and earnings were up 45 percent. In the takeover craze of the 1980s, however, Scott Fetzer could not go unnoticed. Financier Ivan Boesky began accumulating shares of the company before the spring of 1984, when S...
If Scott Fetzer had been an independent company, it would have ranked close to the top of the Fortune 500 in 1990 in terms of return on equity. Despite costs of moving and a small decrease in unit volume, World Book earnings improved. A new Kirby vacuum cleaner was introduced and did very well. However, earnings overall for Kirby did not grow as qu...
On December 31, 2000, Scott Fetzer's CEO and chairman, 76-year-old Ralph E. Schey, retired. Schey was succeeded by Kenneth J. Semelsberger, who had worked closely with Schey as the chief financial officer, group vice-president, and division president for Scott Fetzer. As the U.S. economy slumped after the September 11, 2001, terrorist attacks on th...
The Kirby Company; World Book Inc.; Campbell Hausfeld; Carefree of Colorado; Cleveland Wood Products; Douglas Products; ECM; France; Halex; Kingston; Meriam Instrument; Northland; Powerwinch; Quikut; ScottCare; Scot Laboratories; Stahl; United Consumer Financial Services; Wayne Home Combustion Systems; Wayne Water Systems; Western Enterprises; West...
Bianco, Anthony, "The Warren Buffet You Don't Know," Business Week, July 5, 1999, p. 54. Cahill, Joseph B., "Here's The Pitch," Wall Street Journal, October 4, 1999, p. A1. Dorr, Robert, "Critics Charge Omaha, Neb., Firm's Vacuum Seller with Pressure Tactics," KRTBN Knight-Ridder Tribune Business News, October 12, 1999. Gordon, Evelyn, "Encyclopedi...
Entrepreneurs George Scott and Carl Fetzer teamed up in 1914 to create The Scott Fetzer Company and their combined legacy lives on to this day. By focusing on long-term investments and sustainability, Scott Fetzer remains a leading manufacturer of high-quality products for the home, family and industries, including advancements in healthcare ...
Scott Fetzer was founded in a barn in 1914 as The Scott & Fetzer Machine Company, a joint effort of George H. Scott and Carl S. Fetzer, who would go on to produce automotive parts. Together, the men built a machinist shop producing tools and dies that became known for their precision.
