Nalge Company Subsidiary Of Sybron Corp

Nalge Company Subsidiary Of Sybron Corp

Address: 75 Panorama Creek Dr Rochester Ny 14625, Rochester

Address: New York, 0, United States

Telephone: ,585-586-8800

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Description

Sybron International Corp. is a leading manufacturer of products for the laboratory and professional orthodontic and dental markets in the United States and abroad. The enterprise has acted as a holding company since its inception in 1968. In 1995 Sybron was operating through four subsidiaries: Nalge Co., Erie Scientific Company, Barnstead/Thermolyne Corporation, andSybron Dental Specialties.

Sybron's roots can be traced back to the founding of the Nalge Co., in 1949, in Rochester, New York. Emanuel Goldberg founded the company to produce one thing:polyethylenepipettejars used in laboratories. From pipette jars, Nalge quickly expanded to produce a wide array of plastic items for industrial and laboratory use. By the mid-1960s Nalge, which is credited with pioneering the use of plastic in laboratory and industrial applications, was producing 180 different products in nearly 700 sizes. Because of its strength in its niche, Nalge became a takeover target for larger, more diversified companies.

In 1966 Goldberg agreed to sell his enterprise to Ritter-Pfaudler Corp., of Rochester, New York--Goldberg remained president of the company and operated it relatively autonomously until 1976. In 1968 Ritter-Pfaudler merged with a company called Taylor Instrument Co. The new organization was named Sybron Corp., which was effectively a holding company for the diversified subsidiaries. Throughout the 1970s and 1980s Sybron bought and sold numerous companies that complemented varying business strategies, but Nalge remained a core subsidiary. By 1976, the year that founder Goldberg retired, Nalge boasted a work force of 250 and more than 240 products. Marshall Hyman took over as president of the Nalge subsidiary in 1976.

Besides Nalge, Sybron added a variety of businesses to its portfolio. By the mid-1980s, in fact, Sybron encompassed a diversified group of nearly 20 companies, most of which were engaged in the manufacture of various dental, laboratory, and specialty industrial products. The organization's sales and assets had rapidly ballooned and Sybron had become a Fortune 500 company. Its financial performance, however, began to wane. In fact, by the mid-1980s Sybron had become bloated and inefficient. The headquarters staff had swollen to a beefy 240 and Sybron had committed itself to more than $315 million in long-term debt.

In 1986 Sybron was purchased, by way of a leveraged buyout (LBO), by LBO specialist Forstmann Little & Co. in New York City. In cooperation with Sybron management, Forstmann purchased the company and initiated an aggressive restructuring program. Over a period of 18 months the new owners slashed corporate headquarters staff to just 24, jettisoned 12 entire operating divisions, and cut Sybron's debt load to just $65 million. By late 1987 Sybron had become a smaller, leaner, more profitable company specializing in the manufacture of laboratory and dental products. New management also took Sybron private again and, because of the elimination of many of its subsidiaries, quashed its Fortune 500 status


Products
  • Binoculars
  • Barometers
  • Fluid mechanics
  • Hygrometers
  • Pumping machinery
  • Scientific apparatus
  • instruments Thermometers
  • Dental chairs
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