Goulds Pumps
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| Type | Subsidiary |
|---|---|
| Industry | Manufacturing |
| Founded | 1848[1] |
| Founder(s) | Seabury S. Gould |
| Headquarters | Seneca Falls, New York, U.S. |
| Products | Industrial pumps |
| Parent | ITT Industries |
| Website | http://www.goulds.com |
Goulds Pumps, Inc. is a United States manufacturer of industrial pumps based in Seneca Falls, New York. It was founded by Seabury Gould in the 1840s. The company is now owned by ITT Industries.
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[edit] History
[edit] Downs, Mynderse & Company
In 1848, Seabury S. Gould purchased interests in Downs, Mynderse & Company, a Seneca Falls manufacturer of wooden pumps founded four years earlier.[2] The company produced the world's first all metal pump in 1849 and was incorporated in 1864 as Downs & Co. Manufacturing Company. Just prior to the American Civil War, the company fell on hard times and began manufacture of knitting machines, which it then used to produce socks and components of long underwear. After the death of Abel Downs in 1869, the three remaining partners incorporated the business as Goulds Manufacturing Company.
[edit] Goulds Companies
In 1926, the company's name was changed to Goulds pumps, Incorporated.
On April 21, 1997, ITT Industries announced the acquisition of Goulds pumps for a purchase price of $815 million in cash.[3]
[edit] Notes
- ^ Sveiby, p. 142
- ^ "History of Goulds". ITT Industries. http://www.gouldspumps.com/download_files/history/goulds_history.stm. Retrieved 2008-06-26.
- ^ "ITT Industries Makes $815 Million Bid for Goulds pumps". The New York Times. April 22, 1997. http://query.nytimes.com/gst/fullpage.html?res=9903E4DB153EF931A15757C0A961958260. Retrieved 2008-06-26.
[edit] Bibliography
- Sveiby, Karl Erik (1997). The New Organizational Wealth. Berrett-Koehler Publishers. ISBN 1576750140.
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