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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