|
1908 |
The Louis G. Freeman Company
is incorporated in the State
of Ohio. |
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|
1915
|
Founder Louis G. Freeman
begins transfer of control
and ownership of the company
to his sons and daughters. |
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|
1920s
|
Freeman develops equipment
to simultaneously trim and
perforate shoe uppers
accurately, making the
production of “wing tips”
and other perforated shoes
cost effective. The Company
begins a period of rapid
growth moving several times
to larger quarters in
downtown Cincinnati. |
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|
1930s
|
This decade sees the
development of a larger and
faster trim and perforating
machine that is so popular
around the world that
“Freeman Machine” becomes
the generic name in the shoe
industry for any machine
that cuts and perforates. To
accommodate continuing
growth, the Company moves to
a 60,000 sq ft building at
1819 Freeman Avenue in the
West End. |
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|
1940s
|
The war brings a virtual end
to shoe machinery production
and the U.S.Government asks
the Company to become a
subcontractor to Cincinnati
Milling Machine Co making
parts for military aircraft.
After the war, business
booms as the Company fills
pent up demand for its
products. |
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|
1950s
|
The Company establishes die
shops in a number of shoe
centers to meet the demand
for the perforating tools
that are used in the
”Freeman Machine”. In 1951,
as demand soars, competitors
are licensed to manufacture
these dies as well. |
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|
1964
|
Louis G. Freeman Jr., the
youngest of the founder’s
children, takes over
leadership of the company. |
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|
1965
|
Louis G. Freeman III joins
his father in the business.
An employee stock purchase
plan is initiated to
transfer ownership of the
company from Freeman family
members to employees. This
first step begins the
reinvention of the Company.
|
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|
1970s
|
Globalization of the shoe
manufacturing business
begins in earnest. The shoe
industry in the United
States begins a slow,
irreversible slide to
virtual extinction and
Freeman begins the difficult
task of changing from a
product driven Company to
one that is more customer
focused. This essential and
important step in the
reinvention of the Company
leads to diversification of
both its customer and
product base. To facilitate
expansion into new markets,
the Company acquires Fremont
Tool & Die Co, a
manufacturer of precision
cutting dies located in
Fremont, OH. |
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|
| |
The Louis G. Freeman Company
moves to a new 69,000 sq.
ft. building in Erlanger,
KY, near the Greater
Cincinnati Airport, to be
“closer” to its increasingly
international customers. |
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|
1990s
|
The Company name is
shortened to “Freeman
Company,” reflecting
increasingly broad employee
ownership. |
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|
| |
The Company begins to
manufacture thermoform
tooling at the Fremont Plant
as a natural extension of
its sharp edge product line
for this industry. |
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|
1997
|
The Company invests in a
new, multi-million dollar
facility in Fremont, OH to
accommodate the overwhelming
acceptance of Freeman
tooling by major
thermoformers producing food
packaging. Six out of the
ten largest quickly become
customers. |
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|
2002
|
The acquisition of the
Schwabe cutting press brand
with a large international
customer base, and the
formation of a partnership
with a leading Taiwanese
press manufacturer to make
its presses, allows Freeman
to accelerate the
globalization of its
business. This final key
step in the reinvention of
the business allows the
Company to offer the most
comprehensive line of
cutting presses in the
world, but at the same time
adds considerably to the
complexity of the business. |
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|
|
2006
|
The Board of Directors
determines that the Company
has now evolved into two
distinct and rapidly growing
businesses, die cutting and
thermoforming, each bidding
for limited financial and
management resources. To
achieve maximum potential
and customer satisfaction at
each business, the Board
sells the cutting press and
miscellaneous other
businesses based in Erlanger
to the Company’s CEO, Greg
DeFisher and several other
Erlanger employees. The
Company moves its
headquarters to the Fremont,
Ohio facility where it
continues to produce
thermoform tooling, cutting
dies, and folding equipment. |
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|
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Larry Mears, Senior Vice
President, becomes the new
CEO of Freeman Co. The
response of customers sends
the backlog of orders to
record highs. Management
responds to this vote of
confidences by implementing
an ambitious capital
equipment and human resource
acquisition program to meet
expanding production
requirements. Continued
investment in technology and
people ensure Freeman
remains the industry leader
for another 100+ years. |
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