Siegler Corporation: Difference between revisions
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==History== |
==History== |
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The |
The management team transformed the low-tech space heater company into a viable corporate platform for acquiring multiple successful small companies. This strategy of "buying growth" coupled with sound management proved successful. At the end of its first year the corporation listed on the [[New York Stock Exchange]]. |
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The Siegler Corporation quickly distinguished itself as one of the first |
The Siegler Corporation quickly distinguished itself as one of the first ''conglomerates''. These were a new breed of business entities that were characterized by a variety of diverse business interests or operating divisions held or controlled by a central management. This management component was typically the only thing these divisions had in common. Examples of conglomerates are LTV ([[Ling Temco Voight]]), TRW ([[Thomson Ramo Wooldridge]], and [[AMF]]. |
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Siegler continued its program of non-hostile acquisions of target companies. |
Siegler continued its program of non-hostile acquisions of target companies. In 1956-1957 when it added Hallamore Electronics of [[Anaheim, California]], and the corporate offices followed to Southern California. |
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[[Lear Siegler]] was created as a result of a merger between the Siegler Corporation (Los Angeles) and Lear Avionics Inc. (Santa Monica) that was concluded in 1961, though leadership was substantially from the Siegler side of the merger. |
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During the post [[WWII]] era, the [[United States]] was locked into a military, political and scientific competition with the [[U.S.S.R]] and to a lesser degree with communist [[China]]. The Americans had built and used the first atomic bomb and pre-eminence in all things notable was regarded as "proof" of the superiority of the capitalist/democratic system. The Soviet launch triggered a "space race".<ref>http://history.nasa.gov/sputnik/sputnik.wav</ref> |
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==See also== |
==See also== |
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[[Lear Siegler]] |
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==References== |
==References== |
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Revision as of 03:39, 11 January 2008
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The Siegler Corporation was created by a group of investors in 1952 in Chicago, Illinois (incorporated in Delaware) and began operations following the acquisition of the Siegler Heater Corporation in Centralia, Illinois. John G. Brooks (Echo Products, Zenith Radio, and US Army Air Corps) headed up the new enterprise. (Northwestern University Evanston, Illinois).
History
The management team transformed the low-tech space heater company into a viable corporate platform for acquiring multiple successful small companies. This strategy of "buying growth" coupled with sound management proved successful. At the end of its first year the corporation listed on the New York Stock Exchange.
The Siegler Corporation quickly distinguished itself as one of the first conglomerates. These were a new breed of business entities that were characterized by a variety of diverse business interests or operating divisions held or controlled by a central management. This management component was typically the only thing these divisions had in common. Examples of conglomerates are LTV (Ling Temco Voight), TRW (Thomson Ramo Wooldridge, and AMF.
Siegler continued its program of non-hostile acquisions of target companies. In 1956-1957 when it added Hallamore Electronics of Anaheim, California, and the corporate offices followed to Southern California.
Lear Siegler was created as a result of a merger between the Siegler Corporation (Los Angeles) and Lear Avionics Inc. (Santa Monica) that was concluded in 1961, though leadership was substantially from the Siegler side of the merger.
See also
References
- Planning for Growth and Profit: The Success Story of Lear Siegler, Inc, Newcomen Society (1970) ASIN: B000K5P39I
- Fifty times around the sun: History of Lear-Siegler, Smiths Defense Systems North America, by Gordon L Olson, Public History Services (1994) ASIN: B0006QR4UW