Wednesday, July 15, 2020
All Century Club Companies Celebrating 110 Year Anniversaries Are Privately-Owned
1910: The Titanic had not yet sailed and WWI had not begun when these companies were founded. Hard to know how many other businesses began that year, but we do know the 19 who survived to celebrate their 110th anniversary this year, and none of them are public firms. Ten are 3rd or 4th generational family-owned; four are co-ops (basically customer-owned); three are either employee-owned or have some employee stock ownership plan in place. Let's hope their longevity continues for the sake of all stakeholders, including the communities in which they are located.
Acme Manufacturing, Auburn Hills MI (4th generation)
Blue Diamond Growers, Sacramento CA (co-op)
Collins Brothers Moving, Larchmont NY
Elford Inc, Columbus OH
Ellsworth Cooperative Creamery, Ellsworth WI (co-op)
Hagan Hamilton Insurance Solutions, McMinnville OR
Hallmark Cards, Kansas City MO (3rd generation; ESOP)
Henry Bierce Supply Co, Tallmadge OH (3rd generation)
Indian Trails, Owosso MI (3rd generation)
Koeze, Grand Rapids MI (4th generation)
Mead Lumber, Columbus NE (4th generation; ESOP)
Offerle Co-op Grain & Supply, Offerle KS (co-op)
Pier Fish, New Bedford MA (4th generation)
Proctor Dealerships, Tallahassee FL (3rd generation)
Remsen Farmers Cooperative, Remsen IA (co-op)
Steepleton, Lexington KY
Texas Press Clipping Bureau, Dallas TX
Toledo Ticket, Toledo OH (4th generation)
Urschel Laboratories, Chesterton IN (employee-owned)
Monday, July 6, 2020
Founded 1905, Survived to Celebrate 115th Anniversary
39 companies founded in 1905 are celebrating their 115th anniversaries this year. For some surviving this year will be a trial; our hope is that by following the longevity factors uncovered in my research (see book "Lessons from Century Club Companies: Managing for Long-Term Success") they will make it through and go on to celebrate more anniversaries in the future. 22 of these companies are generational family firms; 6 are co-ops (basically customer-owned); 5 have employee ownership; just 6 are public (and one of those is still run by the founding family). They span 18 states and many industries. Having made it through the pandemic of 1918 as well as world wars, economic depression and recessions, huge shifts in culture and technology affecting how we live and work, I'm confident most of them will still be here to celebrate their 120th anniversary in five years. Here is the list:
Agfinity, Eaton CO (co-op)
Alexander Wolf & Son, New York, NY (4th generation)
American National Insurance, Galveston TX (public; 4th generation)
Artesian Resources, Newark DE (public)
Badger Meter, Milwaukee WI (public)
Bulman Products, Grand Rapids MI
C.H. Robinson, Eden Prairie MN (public)
Columbia Restaurant, Tampa FL (5th generation)
Earlville Farmers Cooperative Elevator, Earlville IL (co-op)
E.F. Boyd & Son, Cleveland OH (3rd & 4th generations)
Farmers Elevator, Pelican Rapids MN (co-op)
Farmers Lumber, Rock Valley IA (co-op)
Frank Brunckhorst Company (Boars Head) Sarasota FL (5th generation)
Fremont Company, Fremont OH (4th generation)
G.W. Smith Lumber, Lexington NC (4th generation; ESOP)
Galatoire's, New Orleans LA (4th generation)
H-E-B, San Antonio TX (3rd generation)
Herman Miller, Zeeland MI (public, ESOP)
Holiday Bar, Grand Rapids MI (3rd generation)
Home Lumber, Ashland KS (ESOP)
Horween Leather, Chicago IL (5th generation)
Lovewell's Corner Store, Lupton MI
Manson Construction, Seattle WA (ESOP)
McKissack & McKissack, New York NY (3rd generations)
Meadowland Farmers Cooperative, Lamberton MN (co-op)
Milkins Jewelers, Wyandotte MI (4th generation)
Lang Building Supply, Brunswick GA (4th generation)
National Presto Industries, Eau Claire WI (public)
Padnos, Holland MI (3rd & 4th generations)
Red Wing Shoes, Red Wing MN (3rd generation)
Ridgway Mailing, Dallas TX
Rolland Safe & Lock, Dallas TX (3rd generation)
Stevens Worldwide Van Lines, Saginaw MI (5th generation; ESOP)
Tabatchnick Fine Foods, Somerset NJ (5th generation)
UWM Men's Shop, Salt Lake City UT (5th generation)
Ward Office Furniture, Modesto CA (4th & 5th generations)
Wheaton-Dumont Cooperative Elevator, Wheaton MN (co-op)
Wigwam Mills, Sheboygan WI (4th generation)
Yakima Federal Savings & Loan, Yakima WA
Thursday, June 18, 2020
20 Companies Celebrate 120 Years in 2020
That's a lot of 20s! 1900 saw the start of a new century and the founding of these companies, who survived to see another century. Only one of these is a public company and most (three-quarters) are generational family firms. Congratulations to these Century Club Companies celebrating their 120th anniversaries this year.
Armstrong International, Three Rivers MI (5th generation)
Bamonte's, New York City NY (4th generation) This Brooklyn restaurant was the setting for several episodes of The Sopranos
Banner Banks, Birnamwood WI
Block Communications, Toledo OH (3rd generation)
Dykstra Funeral Homes, Holland MI (3rd generation)
French Oil Mill Machinery, Piqua OH (4th generation)
Fris Supply Shop, Holland MI (4th & 5th generations)
Getz's, Marquette MI (4th generation)
Gilbert Chocolates, Jackson MI
Graniterock, Watsonville CA (5th generation)
H.H. Hankins & Brother, Bridgeton NJ (3rd generation?)
Mans Lumber, Trenton MI (4th generation)
McNerney Companies, Northwood OH (4th generation)
NEP Telephone, Forest City PA
Ralph's Restaurant, Philadelphia PA (5th generation)
Rosa Food Products, Philadelphia PA (4th generation)
Schramm, West Chester PA (4th generation)
Shiver Lumber, Americus GA (4th generation)
Weyerhaeuser, Seattle WA (public)
Wright, Lindsey & Jennings, Little Rock AR
Thursday, June 4, 2020
16 Companies Celebrate 125th Anniversaries in 2020
125 years in business means your company started in 1895 and has survived well into another century. Though 2020 has not been what any of us expected, those firms operating on longevity principles uncovered in my research ("Lessons From Century Club Companies: Managing for Long-Term Success") will likely survive another year. Ten are generational - even two of the public companies are closely held with family board members; one is employee-owned and one a co-op (basically customer-owned). So now, let's take a moment to celebrate:
Albany International, Rochester NH (public)
Capital City Bank, Tallahassee FL (3rd generation)
J.C. Newman Cigar, Tampa FL (4th generation)
Kansas City Life Insurance, Kansas City MO (public; 4th generation)
Kirlin Lighting, Detroit MI (4th generation)
Lennox International, Richardson TX, (public, 4th generation)
Lincoln Electric, Euclid OH (public)
Louis' Lunch, New Haven CT (4th generation)
McNulty's Tea & Coffee, New York City NY
Mid-Cape Home Centers, South Dennis MA
Rudolph's Meat Market, Dallas TX (3rd generation)
Rumsey Electric, Conshohocken PA (employee-owned)
Stanford Grain, Stanford IL (co-op)
Swann's Furniture, Tyler TX (4th & 5th generations)
Vowell & Sons, Martin TN (5th generation)
W.W. Fairbairn & Sons, Alanson MI (5th generation)
Monday, June 1, 2020
17 Companies Founded 1890 Celebrate 130th Anniversary
Seventeen companies founded in 1890 are still around today to celebrate their 130th anniversaries: four of them public, one 100% employee-owned and nine generational family firms. Congratulations all!
A.M. Castle & Company, Oak Brook IL (public)
Bartell Drugs, Seattle WA (2nd generation)
Church's Lumber Yards, Auburn Hills MI (4th generation)
Curtis Lumber, Ballston Spa NY (4th generation)
Emerson Electric, Ferguson MO (public)
Engquist Lumber, Harcourt IA (4th generation)
Great Lakes Dredge & Dock, Oak Brook IL (public)
Marshalltown Company, Marshalltown IA
Muskegon Awning & Fabrication, Muskegon MI
Oliver Products, Grand Rapids MI
Pomeroy Funeral Homes, Croswell MI (3rd generation)
Stifel Financial, St. Louis MO (public)
Sundt, Tempe AZ (employee-owned)
Teufel Nursery, Hillsboro OR (4th generation)
Ward Lumber, Jay NY (4th generation)
Wheelwright Lumber, Ogden UT (3rd generation?)
Whitehead's Cutlery, Butte MT (3rd, 4th & 5th generations)
Thursday, May 28, 2020
135 Years in Business is a BIG Deal!
At first glance, 135 doesn't necessarily sound like a milestone to celebrate - it's not like a 100th or 125th anniversary. But these 22 companies, which were founded in 1885, passed their 100th and 135th milestones and are still operating today. That's not an easy task. There is only one publicly-traded company in the group, but several generational family firms; these 22 companies span several industries and represent 11 different states. Let's take a few minutes to recognize the accomplishment of 125 years in business!
Belden Brick, Canton OH (4th & 5th generation)
Bemberg Iron Works, Little Rock AR (3rd generation?)
Block Drug Stores, New York City (2nd generation)
Cretors, Wood Dale IL (5th generation)
Central Michigan Paper, Ada MI
Clay City Pottery, Clay City IN (5th & 6th generations)
Cromwell Architects Engineers, Little Rock AR
E.C. Barton, Jonesboro AR (ESOP)
Gibson's Bakery, Oberlin OH (4th generation)
Havertys Furniture, Atlanta GA (public)
HLW International, New York City
Hayden & Sons Hardware, Cassopolis MI
Home Lumber, Whitewater WI (4th generation)
Humphrey's Building Supply, Tirerton RI
John Krtil Funeral, New York City
L. Sweet Lumber, Provincetown RI (3rd & 4th generations)
M.G. Newell, Greensboro NC (4th generation)
P. Flanigan & Sons, Baltimore MD (5th generation)
Randall Brothers, Atlanta GA (4th generation)
Reusch Jewelers, Petoskey MI (4th generation)
Steinkamp Home Center, Huntington IN (4th generation)
W.C. Bradley, Columbus GA (4th generation)
Wednesday, May 27, 2020
8 Companies Celebrate 140th Anniversaries in 2020
Eight companies founded in 1880 have survived world wars, economic depression and multiple recessions to celebrate their 140th anniversaries this year. If they practice the longevity factors identified in my research ("Lessons From Century Club Companies: Managing for Long-Term Success") I expect they will make it through these trying times as well.
Ball Corporation, Broomfield CO (Public)
Citizens State Bank, Lena IL
Freeport Press, New Philadelphia PA
L. S. Starrett, Athol MA (Public, 5th generation, ESOP)
Sandersville Builders Supply, Sandersville GA (3rd generation)
Shaver Transportation, Portland OR (5th generation)
Usinger's, Milwaukee WI (4th generation)
Wiederkehr Wine Cellars, Altus AR (3rd & 4th generations)
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