Our
History
Lamson & Sessions emerged during the
industrial boom following the Civil War in
Connecticut, where water power and skilled workers
prompted the conversion from agriculture to industry. In 1865 at
Mt. Carmel, Connecticut, a partnership was formed to take
over Mt. Carmel Bolt Company. In 1866, the Lamson
brothers (Isaac, and Thomas) teamed up with Samuel
Sessions and operations commenced in Southington,
Connecticut. With a total of seven people, the Company produced
thirty items in the carriage bolt, tire bolt and nut
product lines.
Sales trips
to the Midwest enticed Samuel Sessions to move the
Company in 1869 to the banks of the Cuyahoga River in
Cleveland, Ohio. In this area of expanding markets;
less competition; good sources of raw material; steam
power and transportation, he envisioned growth and prosperity
for the Company. The partnership was incorporated in the
State of Ohio in 1883 and named The Lamson &
Sessions Co.
As the demand
for fasteners grew between 1921 and 1955, Lamson &
Sessions responded through increased operations and an
aggressive acquisition campaign. In 1928, the Company
went public, selling shares of common stock on the
Cleveland Stock Exchange. Today, Lamson & Sessions
(LMS) is listed on the New York Stock Exchange and the Pacific Stock
Exchange.
During World
War II, the Company was one of the largest single
manufacturers of nuts and bolts in the United States.
Through the 1960s and 1970s, Lamson & Sessions
continued to expand in the fastener industry through
acquisition. In addition, the Company expanded beyond its
traditional fastener business through the acquisition of
manufacturing companies in industries such as:
industrial and aerospace specialty fasteners,
automotive accessories, metal stamping, doors for railroad
cars, truck frames, industrial heat exchangers, aluminum
castings and freight cars.
In 1981, as
a result of increasing foreign competition and a
strategic shift, the Company sold its industrial
fastener division to Russell, Burdsall & Ward
(RB&W) Corporation of Cleveland, Ohio. In 1986, the
company acquired The Carlon Company from the Thyssen-Bornemisza
Group (TBG).
Carlon was
founded in Cleveland, Ohio during the late 1940s as
Carter Products Corporation, producing stamped metal
products. The shortage of steel following World War II
prompted Carter to move into the manufacture of extruded
plastic products. With this new focus, Carter changed its name to
Carlon Products Corporation. In the early 1950s, Carlon
manufactured polyethylene pipe used primarily for
fresh air supply, piping and waste-water pipe in coal
mine applications. Additionally, Carlon was one of the
first manufacturers of the hula hoop. During the
mid-1950s when the hula hoop craze swept the country, Carlon was
producing more than 50,000 hula hoops per day! In 1962,
Carlon was purchased by Continental Oil Company and
the focus began to turn toward plastic sewer pipe
products and plastic conduit for the electrical, power
and communications industries.
The purchase
of Carlon in 1986 was part of a strategic plan embarked
upon by Lamson & Sessions to reconfigure the
Company from a manufacturer of metal products to a
producer of plastic products incorporating expertise
in extrusion and injection molding technology and a strong
market position. Carlon would ultimately become the "core"
business of Lamson & Sessions and a program was
developed and implemented to divest all "non-core"
businesses, hence, the divestiture of Midland Steel
Products in 1994 followed by the sale of Valley-Todeco
in 1995. In 1996, the Company acquired Dimango
Products to complement the product line in its retail home
improvement business. The Company's objective, through
its mission
statement and underlying strategic
drivers, was to achieve world-class levels of
customer satisfaction.
After the
purchase of Carlon in 1986, the Company realized that
new product development would be one of the major keys
to the Company's long-term success and, in 1991,
created a Technical Center in Cleveland, Ohio. This
facility's main objective would be to focus on new product
development as well as continuous improvement of
current products and manufacturing processes in
support of the Company's core business. The Technical
Center currently houses a modern testing laboratory and the newest
generation of computerized three-dimensional design
equipment. The engineers interface with the marketing
managers and others in developing new products through
company-wide processes.
To complement
its new product development efforts, Lamson &
Sessions implemented a Total Quality Pursuit (TQP)
program to improve quality throughout the Company.
Through this program, the Company is dedicated to excellence
in meeting and/or exceeding the needs of its
customers.
In 1994,
however, the Company kicked off its most ambitious
initiative. The TOPPS (Technology, Organization,
People and Processes for Solutions) project
encompassed a dramatic culture change through new business processes
with the implementation of an Enterprise Resource
Planning (ERP) System. By year-end 1997, the Company
had successfully implemented one of the most complex
ERP systems in the world.
In 2000,
Lamson & Sessions acquired two more companies,
Pyramid Industries, Inc. and Ameriduct Worldwide, Inc.
These acquisitions propelled the Company to a market
leadership position in the telecommunications
industry, specifically serving the telecommunications infrastructure
market. The acquisitions were successfully
incorporated into Lamson & Sessions' business
stream during 2001 with marketing responsibility for
the product lines placed under Carlon's auspices. As a matter
of strategy, the core competency in thermoplastic processing
remains the common tie through our three business
segments:
• Carlon
provides electrical and telecommunications raceway
systems, nonmetallic enclosures, outlet boxes and
electrical fittings to the electrical and
telecommunications infrastructure markets. Major customers served
are electrical contractors and distributors, original
equipment manufacturers, electric power utilities,
cable television, telephone and telecommunications
companies. Examples of the applications for the
products included in this business segment are multi-cell duct
systems and high density polyethylene ("HDPE") conduit,
serving the telecommunications infrastructure and
electrical construction markets.
• Lamson
Home Products provides a wide variety of
electrical products to home centers, hardware stores
and mass merchandisers for the "do-it-yourself" home
improvement market. The products included in this business
segment are electrical outlet boxes, liquidtight conduit,
electrical fittings, chimes and lighting controls.
Armed with a market leadership position, a
well-recognized brand strength, a strategic vision
focusing on value-added/growth opportunities and a
continuing commitment to customer satisfaction, complemented by
the ongoing pursuit of "total quality," positions Lamson
& Sessions for long-term growth in sales and
earnings.
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