🠈 Huttig Building Products 🠊
Huttig Building Products
Huttig Building Products offers millwork and related building products. Huttig Grip creates a variety of fasteners for construction, drywall and exterior use.
Huttig's headquarters are in St Louis. The company trades on the NASDAQ with the symbol HBP. The video talks about the PrismaGuard process used to create durable doors.
Corporate Timeline
The company was founded by German immigrants who came to the US shortly before the Civil War. The company's first operations were destroyed by fire and flood but the family had banking connections that allowed the firm to survive.
The interesting part of the story was that Huttig was acquired by a industrial supply company called Crane Co.. The company was never fully integrated into its parent and was spun off in 1999.
The primary source for the timeline is Reference for Business.
- 1862: Charles F. and William Huttig opened a grocery store in Muscatine, Iowa.
- 1868: The brothers invested $30,000 to create a sawmill and lumberyard named Huttig Brothers Lumber Company.
- 1869: They acquired the mill business of Cadle and Mulford. The firm began manufacturing doors and window sashes and changed name to Huttig Brothers & Falter.
- 1870: The flood of 1870 washed away the lumber and the mill caught fire.
- 187?: When Falter left they became Huttig Brothers Manufacturing.
- 1880: The company incorporated and began expanding with the railroad.
- 1883: William Huttig established Western Sash and Door Company in Kansas City.
- 1883: Charles H went to St Louis with $40,000 in seed capital and acquired Gray and Holekamp.
- 1911: A fire destroyed the St Louis Complex. Huttig bought the William G Frye Manufacturing Company to recover. It burned as well.
- 1912: The company opened a new mill works.
- 1913: Alfred J. Siegel rose to the position of CEO.
- 1917: Seigel anticipated that the US would enter WWI. When the US entered the War, Huttig began manufacturing planes and ammo boxes.
- 1918: Huttig expanded after the war and opened 1919 a subsidiary, the Birmingham Sash & Door Company.
- 1919: Huttig opened Missoula Sash and Door in conjunction with the White Pine Sash Company of Spokane.
- 1920: Huttig opened Dallas Sash and Door Company followed by operations in Florida and Tennessee.
- Siegel wanted to merge the regional companies into a firm to be called "United States Door Company." He passed away in 1926 ending this vision.
- 1940: The company turned toward war production during WWII.
- 1945: The company expanded after the war.
- 1951: Huttig sold its milling plant in St Louis.
- 1966: Huttig acquired General Sash and Door of Tulsa.
- 1967: Huttig acquired Lumbemens Supply Company of Oklahoma City.
- 1967: Crane Co. acquired 20% of Huttig's stock.
- 1967: Crane acquired controlling interest in Huttig.
- 1968: Huttig acquired the jobbing division of McPhillips Manufacturing Company.
- 1971: Crane acquired 87% interest in Huttig.
- 1973: Huttig acquired Combs Company of Lexington, Ky.
- 1994: Crane Huttig acquired American Moulding and Millwork, of Prineville, Oregon, for $11 million.
- 1997: Crane Huttig acquired MALLCO Lumber & Building Materials Inc..
- 1998: Crane Huttig acquired Number One Supply.
- 1998: Crane Huttig acquired Consolidated Lumber Company.
- 1999: Crane spun off Huttig as a separate company which merged with the American operations of The Rugby Group PLC.
- 2003: Huttig hired Michael Lupo as CEO who reorganized management.
- 2016: Huttig acquired BenBilt Building Systems.2
- 2020: Mill Road Capital Management LLC made an unsolicited bid for the company.2
References:
- Reference for Business - Huttig (Drawn 9/24/2020)
Directory Listings:
- Phoenix Color - Hardware Stores: Huttig Building Products