Clark Equipment Company was an American designer, manufacturer, and seller of industrial and construction machinery and equipment.
| Predecessor | George R. Rich Manufacturing Company |
|---|---|
| Founded | 1916 |
| Founder | Eugene B. Clark |
| Headquarters | , United States |
| Parent |
|
History
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Clark's predecessor was the George R. Rich Manufacturing Company, founded in 1903 in Chicago, Illinois by executives of the Illinois Steel Company.[1] The company moved to Buchanan, Michigan in 1904 when that city's chamber of commerce advertised a financially sound deal with respect to industrial rent and power supply.[1] Eugene B. Clark, an Illinois Steel employee at the time, determined that the metallurgy of Rich Manufacturing's principal product, a railroad rail drill named the Celfor Drill, was faulty, and also found fault with both the management and basic operations, which he ultimately corrected after the two parties established him becoming an equal partner.[1] In 1916 he merged Rich Manufacturing, which by then had been renamed Celfor Tool, and Buchanan Electric Steel Company, an offshoot of the former, and formed Clark Equipment Company, named after Clark.[1]
In 1919 a division called Clark Trucktractor Company was formed. This still exists as Clark Material Handling Company.[2] From the 1920s until the 1960s, Clark made strategic acquisitions that opened access to new markets. In 1953 it purchased the Michigan Power Shovel Co and developed a new division dedicated to large scale earthmoving equipment.[3] Further notable acquisitions included Hancock Manufacturing Company from Lubbock, Texas, in 1966, which manufactured scraper bowls.,[4] and Melroe Manufacturing Co. (now known as Bobcat Company).[5]
Since Clark was one of the participants in the development of the PCC streetcar in the 1930s, they produced 80% of the bogies for this type of trolleycar. In 1935–1936, Clark built a one-of-a-kind aluminum body trolley for a PCC streetcar that ran in Brooklyn and Queens, New York, until 1956.[6] This trolley is preserved at the Trolley Museum of New York and is listed on the New York State Register of Historic Places.[7]
In 1954, Clark Equipment opened a plant in Valinhos, Brazil, to produce gears and truck transmissions for the South American Market. That plant also produces lifts and construct machinery.[8] The Brazilian plant was sold to Eaton Corporation.[9]
It continued to grow as a company, but in the 1960s and again in the 1980s, many were sold. In 1982 the company sold its wheel loader and dozer division to Volvo.[10]
In 1995, Clark was acquired by Ingersoll Rand.[11] Also in 1995, Ingersoll Rand sold Clark Equipment's mechanical test laboratory which still operates as Clark Testing today in Buchanan, Mi.[12] In 1996, Ingersoll Rand donated two tons of Clark archives to the Berrien County Historical Association, and the Berrien County 1839 Courthouse Museum is now the Clark archives repository.[13]
In 2007, Ingersoll Rand sold Clark Equipment Company to Doosan International of South Korea. The sale included the Construction Equipment Group of Ingersoll Rand.[14] In July 2021, Doosan Infracore was acquired by Hyundai Heavy Industries, which paid approximately $722.45 million for a 30%, controlling stake in the company. Doosan Infracore will become a subsidiary of the newly created Hyundai Genuine group.[15]
See also
editReferences
edit- ^ a b c d Farquhar-Boyle, Allyson S. "Clark Equipment Company". Encyclopedia.com.
- ^ "History". Clark. Archived from the original on January 7, 2017. Retrieved August 4, 2020.
- ^ Drew, Nick (December 9, 2016). "Clark Michigan wheel loader history". Earthmovers Magazine.
- ^ Contrafed Publishing (March 9, 2015). "Classic Machines: Hancock's elevating scraper pioneer". Contractor Magazine. Retrieved September 21, 2021.
- ^ Macpherson, James (May 18, 2007). "Ingersoll Rand Wants to Sell, Spin Off Bobcat Company : CEG". Construction Equipment Guide. Associated Press.
- ^ Jennings, Evan (October 1, 2014). "Brooklyn & Queens Transit PCC No. 1000". Trolley Museum of New York.
- ^ Mitchell, Paula Ann (September 24, 2013). "Kingston-based trolley car gets NY historic designation". Daily Freeman. Retrieved October 3, 2013.
- ^ United States Bureau of Educational and Cultural Affairs (1966). Resources Survey for Latin American Countries. U.S. Government Printing Office. p. 175.
- ^ UPI (March 11, 1987). "Eaton plans purchase of Clark". UPI.
- ^ Contrafed Publishing (January 13, 2021). "The Clark-Michigan 180 Wheel Dozer". Contractor Magazine. Retrieved September 23, 2021.
- ^ Dodson, Paul (May 26, 1995). "Purchase of Clark stock ends buyout". South Bend Tribune. p. C6.
- ^ Peltz, James F. (April 10, 1995). "Ingersoll-Rand Takeover Offer Accepted by Clark : Equipment: The two machinery makers expect the deal will raise their fortunes in the increasingly prosperous field". Los Angeles Times.
- ^ "The Collections and Archives". The Berrien County Historical Association. Archived from the original on March 4, 2008. Retrieved April 1, 2008.
- ^ "Clark Equipment Announces Cash Tender Offer And Related Consent Solicitation for Its Notes". Trane Technologies. September 18, 2007.
- ^ McLoud, Don (August 19, 2021). "Hyundai Buys Doosan's Construction Equipment Division". Equipment World. Retrieved September 16, 2021.
Bibliography
edit- Farquhar-Boyle, Allyson S. "Company History: Clark Equipment Company". Answers.com. Retrieved March 31, 2008.
- Rodriguez, Ginger G. "Hoover's Profile: Ingersoll-Rand Company Limited". Answers.com. Retrieved March 31, 2008.
Further reading
edit- Clark Equipment Company (1953). 1903–1953 First Fifty Years: Clark Equipment Company.
External links
edit- The World of Clark (promotional film). Produced by Schulze MacLaren Ltd. Part 1 Part 2 Part 3 Part 4
