Company:Blaw-Knox
Blaw-Knox is a manufacturer of road paving equipment. The company was created in 1917 from the merger of Blaw Collapsible Steel Centering Company and the Knox Pressed and Welded Steel Company. Blaw-Knox was sold to new owners in 1968, changed owners a few times thereafter, and continues as the Volvo Blaw-Knox brand of paving equipment, sold to Volvo Construction Equipment since 2007.
Early history
In 1906, Jacob B. Blaw created the Blaw Collapsible Steel Centering Company, located in New Jersey, to manufacturer his patented steel form used to construct improved concrete circular tubes for sewers and tunnels.[1] In 1909, Luther Knox created the Knox Pressed and Welded Steel Company to manufacture steel products used in high temperature applications. In July 1917, the firms merged to form the Blaw-Knox Company.[1][2]
Blaw-Knox added the construction of radio towers to its operation in 1927, and soon developed the distinctive diamond-shaped Blaw-Knox Tower design of vertical, medium wave radio towers.[1] Several are now listed on the US National Register of Historic Places.[3][4]
In 1929, Blaw-Knox purchased the A. W. French & Company paving equipment company, which manufactured machines that produced concrete roads, a natural extension of the Blaw-Knox expertise in concrete and steel works.[1]
Paving equipment
As highway construction moved away from rigid concrete construction, Blaw-Knox began making highway pavers for the new method of flexible asphalt paving (tarmac).
In 1931 Blaw-Knox introduced a form-riding finisher for asphalt paving. By 1932 they released the first self-propelled non-form riding finisher for the placement of stones and asphalt.[5] Until this time it had been common to pave roads using formwork on either side of the pavement. These new machines were essentially a self-propelled tailgate spreader that closely followed the asphalt truck. In 1943 they introduced the first road widener. In 1954 they introduced the first wheel-driven, rather than track-driven, paver.[5] The front wheels rode on the prepared base, while the rear drive wheels rode on the new asphalt pavement. The screed was mounted between these wheels and was able to average out irregularities. In 1956, they developed the first auto-grade-and-slope pavers.[5]
Blaw-Knox went on to establish a broad line of paving machines for the US and UK markets. The UK employed a distinctly different paving method, applying a deeper mat of asphalt than was common in the US, which resulted in a marked reduction in paving speed.
The Blaw-Knox UK design and manufacturing division was eventually based at Rochester, Kent, in southeast England, on the former site of the Short Brothers flying boat factory.
Changes in ownership
Blaw-Knox was purchased by White Consolidated Industries (WCI) in May 1968.[2] The Blaw-Knox Construction Equipment Corporation name was used for the new WCI subsidiary.
In April 1994, WCI sold the Blaw-Knox unit, based in Mattoon, Illinois, to Clark Equipment Company for US$144 million ($248 million today).[6]
In March 1995, Ingersoll-Rand offered $1.34 billion ($2.2 billion today) in a hostile takeover bid for Clark Equipment Company.[7] Clark cited its Blaw-Knox unit as a reason for the U.S. Federal Court to stop the takeover, claiming that Ingersoll-Rand would be breaking violate Federal antitrust laws since Ingersoll-Rand already controlled a significant share of the paving equipment business, having purchased the Germany paving equipment company ABG in 1990, while Blaw-Knox owned a major share of the U.S. paving market (which would grow to 50% of all new pavers bearing the Blaw-Knox brand by 2006).[7][5] A few days later, in April 1995, Clark accepted a higher $1.5 billion ($2.5 billion today) offer from Ingersoll-Rand, who became owners of Blaw-Knox and all other Clark companies.[8] Ingersoll-Rand soon sold the UK design and manufacturing division to Babcock, while keeping the North American operations of Blaw-Knox as a stand-alone unit in its road construction equipment division.
In February 2007, Ingersoll-Rand accepted an offer of $1.3 billion ($1.6 billion today) from Volvo for the road construction equipment division, including the Blaw-Knox brand and the ABG brand.[9][10][11]
References
- ↑ 1.0 1.1 1.2 1.3 Berry, Thomas. "The Blaw-Knox Company, 1918-1962 and n. d.". Historical Construction Equipment Association. http://archives.hcea.net/index.php?p=collections/findingaid&id=153&q=%22Allis-Chalmers%22+HD20+crawler+tractor. Retrieved 2017-11-08.
- ↑ 2.0 2.1 Annual Reports of Pittsburgh Area Public Companies Carnegie Library of Pittsburgh Retrieved 2017-11-08.
- ↑ "WSM Radio Tower Gets Historic Designation". WSMV-TV. 2011-04-13. http://www.wsmv.com/story/14821844/wsm-radio-tower-gets-historic-designation-4-13-2011. Retrieved 2017-11-08.
- ↑ "Weekly list of actions taken on properties: 3/14/11 through 3/18/11". National Park Service. 2011-03-25. http://www.nps.gov/history/nr/listings/20110325.htm. Retrieved 2017-11-08.
- ↑ 5.0 5.1 5.2 5.3 "History of Volvo ABG". Volvo Construction Equipment. 2017. https://www.volvoce.com/great-britain/en-gb/smt/products/asphalt-pavers/history-of-volvo-abg/. Retrieved 2017-11-08.
- ↑ Staff Writers (1994-04-21). "COMPANY NEWS; CLARK BUYING ELECTROLUX CONSTRUCTION-EQUIPMENT UNIT". The New York Times. https://www.nytimes.com/1994/04/21/business/company-news-clark-buying-electrolux-construction-equipment-unit.html. Retrieved 2017-11-08.
- ↑ 7.0 7.1 Staff Writers (1995-03-31). "COMPANY NEWS; INGERSOLL SAYS CLARK IS SUING TO STOP TAKEOVER". The New York Times. https://www.nytimes.com/1995/03/31/business/company-news-ingersoll-says-clark-is-suing-to-stop-takeover.html. Retrieved 2017-11-08.
- ↑ Peltz, James F. (1995-04-10). "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. http://articles.latimes.com/1995-04-10/business/fi-53095_1_clark-deal. Retrieved 2017-11-08.
- ↑ Staff Writers (2007-02-27). "Volvo Buys Ingersoll-Rand Unit". Forbes. https://www.forbes.com/2007/02/27/volvo-ingersoll-rand-markets-equity-cx_cn_rs_0227markets39.html#6e3513863411. Retrieved 2017-11-08.
- ↑ Volvo Construction Equipment - History - Ingersoll Rand Volvo Retrieved 2017-11-08.
- ↑ "Volvo Construction Equipment’s first 175 years (1832-2007)". Volvo. 2007-11-03. p. 9. https://www.volvoce.com/-/media/volvoce/global/global-site/this-is-volvo-ce/brochures/volvo-ce-175-years-book-1832-2007.pdf?v=ooIxPw. Retrieved 2017-11-08.
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