Fairbanks-Morse
Fairbanks, Morse and Company was an American manufacturing company in the late 19th and early 20th century. Originally a weighing scale manufacturer, it later diversified into pumps, engines, windmills, coffee grinders, radios, farm tractors, feed mills, locomotives, and industrial supplies until it was purchased by Penn Texas in 1958.[1]
Predecessor
Fairbanks scales, Eclipse Windmill
Saint Johnsbury, Vermont, United States (1823)
Purchased by Arcline Investment Management from Enpro Industries Inc. as of 1/21/2020
Fairbanks Scales, Fairbanks Morse, Fairbanks Nijhuis
World
Scales, Windmills, Engines, Tractors, Radios, Pumps, Locomotives.
There are three separate corporate entities that could be considered successors to the company, none of which is a complete and direct descendant of the original company. All claim the heritage of Fairbanks Morse and Company:
Corporate disposition[edit]
Fairbanks Morse and Company merged with Penn-Texas Corporation in 1958 to form Fairbanks Whitney Corporation. Fairbanks Whitney was reorganized as Colt Industries in 1964, taking the name from Colt Manufacturing, the maker of firearms and an asset of Penn-Texas. In 1988, the Fairbanks Morse Pump division was sold off to private investors to become Fairbanks Morse Pump. It was subsequently purchased by Pentair as part of an acquisition of General Signal Pump Group in 1997. In 1988, the scale business was sold off by Colt Industries and became Fairbanks Scales, still an independent company.
In 1990, Colt Industries sold its firearms business to C.F. Holdings Corp as Colt's Manufacturing Company, Inc. and became Coltec Industries, Inc., which later became a subsidiary of EnPro Industires, Inc. EnPro was then the parent company of Fairbanks Morse Engine until January 21, 2020, when Fairbanks Morse was sold to Arcline Investment Management.
As a result, there are now three companies using either the Fairbanks or Fairbanks Morse trademarks, with lineage to the original Fairbanks Morse and Company. Fairbanks Scale and Fairbanks Morse Pump claim lineage back to E & T Fairbanks Company.