While the firehose was a welcome innovation among the nation ’s firefighters, poor financing led to several reorganizations within the company. The company ’s first product was a cotton-covered firehose designed to withstand the high pressures and low temperatures that often caused leather hoses to burst. Goodrich experienced a shaky start during its first decade. After completing a two-story factory on the banks of the Ohio Canal, Goodrich was in business as the first rubber company west of the Allegheny Mountains. On December 31, 1870, Goodrich formed the partnership of Goodrich, Tew & Company with his brother-in-law Harvey W. The group received a favorable report, and it loaned Goodrich the money he needed to move west. Perkins back to New York with Goodrich to examine his operations there. After his visit a group of 19 potential investors sent George T. Akron ’s citizens were as anxious to attract business as Goodrich was to develop it. After listening to a stranger praise a canal town in Ohio called Akron, he investigated it for himself. Goodrich was not impressed with the company ’s prospects in New York and he considered moving it west, where a growing population and economy offered plenty of opportunities for expansion. They soon acquired full ownership of the company and Goodrich took over as its president. ![]() In 1869 the partners found themselves investors in a small operation called the Hudson River Rubber Company. After the war Goodrich pursued a career in business and entered into a real estate partnership with John P. Born in Ripley, New York in 1841, Goodrich pursued an education in medicine and served as an assistant surgeon in the Union Army during the U.S. Company Originsīenjamin Franklin Goodrich followed a circuitous route into the rubber industry. The company continues to strengthen its aerospace and specialty chemicals business groups. Goodrich finally divested itself of its tire business in 1987, emerging as a leaner, more profitable company. ![]() Convinced that its future lay in chemicals and plastics, the company ’s directors embarked on a long and often difficult restructuring plan. auto industry ’s decline in the 1970s curtailed the demand for tires. The company prospered during the postwar era but faced difficulties when the U.S. ![]() In the early 20th century Goodrich used its experience in the rubber industry to diversify into chemicals and plastics, and it spearheaded the development of synthetic rubber technology during World War II. tire makers as a leader in product development and innovation. Throughout most of its history Goodrich built its business on rubber production, gaining a reputation among U.S. BFGoodrich has manufacturing operations and aircraft service centers in eight countries. In addition, it produces chlor-alkali and olefins products. The company also manufactures specialty plastics and specialty additives products for a variety of end-user applications. With operations in eight countries, the BFGoodrich Company manufactures and supplies a wide range of systems and component parts for the aerospace industry, and provides maintenance, repair, and overhaul services on commercial, regional, business, and general aviation aircraft. Public Company Incorporated: 1870 as Goodrich, Tew & Company Employees: 14,160 Sales: $2.2 billion (1996) Stock Exchanges: New York SICs: 2800 Chemicals and Allied Products 4020 Kinross Lakes Parkway Richfield, Ohio 44286 U.S.A.
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