Kearney & Trecker

Paper Summary:

This paper discusses the history of the American machinery company Kearney & Trecker and the current condition of the company. For forty years from its creation in 1935 to the merger with the Cross Company in 1975, Kearney & Trecker was one of the largest and most successful businesses in the industry and made machines which are still popular today. The writer discusses the global expansion of the company after the merger, and their acquisition by Giddings and Lewis in 1991, when they suffered financial difficulties. The acquisition proved to be beneficial and led to substantial growth and profitability. The paper concludes that today, Giddings & Lewis still utilize the Kearney & Trecker brand.

Outline:
Introduction
History and Overview of Kearney & Trecker
Merger of the Cross Company and Kearney & Trecker
Acquisition of Cross & Trecker by Giddings and Lewis
Current Condition and Future of Company
Conclusion

From the Paper:

"Overall, it appears that Kearney & Trecker provided the machinery necessary to develop and sustain American industry for many years. The company's founders were entrepreneurs who developed a product and were able to create a business that served industry for many years. However, like many machinery companies the prospect of a merger became inevitable. The next section of the discussion will focus on the merger that took place in 1975."

Sample of Sources Used:

• Giddings & Lewis Inc. 20 Aug 2007. http://www.answers.com/topic/giddings-lewis-inc?cat=biz-fin
• Giddings & Lewis Machine Tools, Company profile. 20 Aug 2007. http://cf.us.biz.yahoo.com/ic/13/13572.html
• Giesen, Lauri "C&T eyeing Taiwan plant for low-cost tool parts - Cross & Trecker Corp". American Metal Market. Sept 30, 1986. FindArticles.com. 21 Aug. 2007. http://findarticles.com/p/articles/mi_m3MKT/is_v94/ai_4426021
• Retrofit of a Kearney & Trecker MM180. 20 Aug 2007. http://www.machinemate.com/KTRetrofit.pdf

More papers on Kearney & Trecker:

• Book Review # 121935 : "The New Peasant Class"
• Analytical Essay # 121937 : "Women's Economic Ventures"
• Essay # 32481 : "Bear Flag Rising"

APA Citation:

MLA Citation: