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Beloit Corporation began in 1858 as a foundry in the Wisconsin city of and ended in 2000 when it filed for bankruptcy and parts of it were acquired by, a part of. The Italian affiliate became under the control of the Nugo Group. For much of its history, the trading name was Beloit Iron Works, but it became simply 'Beloit Corporation' in 1962.History In its early phases, the business offered a variety of iron-based machinery products. It traded under the names of its founders, as Merrill and Houston Iron Works. It was bought by four of its employees in 1885 and become Beloit Iron Works.In 1897 and 1900 the company exported its first paper machines to Japan and China respectively.In the last two decades of its history, the corporation was the only producer of pulp and paper machinery and systems in North America.
1858 Orson E. Merrill opens his shop in Beloit, Wisconsin. 1859 Orson Merrill and George Houston form the Merrill & Houston Iron Works.
1860 Merrill & Houston make their first paper machine parts. 1862 Merrill & Houston make their first complete paper machine. 1882 Ownership changed several times during the last 20 years. In 1882, even while building 14 paper machines, Merrill& Houston went into receivership. 1883 Merrill & Houston builds 8 paper machines. 1884 Merrill & Houston builds 5 paper machines.
Beloit Jones Manual 2017
1885 J. Rexford of Janesville, Wisconsin offers a successful bid of $20,000 for the assets of Merrill & Houston Iron works.Four ex employees of Merrill and Houston combine to form a new company. They name the new company Beloit Iron Works. The new company has 10 employees and 4 working officers. 1886 Beloit Iron Works work force increases to 48 persons.
Beloit Jones Manual Pdf
1889 Beloit Iron Works work force increases to-100 persons. Fred Messer, the president dies.