Syracuse China stands the test of time
CNY Business Journal (1996+), Jul 16, 2004 by Spohr, George
Libbey's documentation shows that Syracuse China's salesmen gave away more than 2,500 samples of its products in an effort to capture market share. It worked, because orders came in well before production started. As the company marked its 100th anniversary in 1971, processes of change already under way both inside and outside of the business shaped its entry into a second century as an industry leader, Libbey says. During its first century, the ownership of Syracuse China had been vested principally in heirs to the original Onondaga Pottery Co., ownership. At that point, after four generations of direct involvement in the business, family ownership ended. New management purchased the assets of the old company and formed the new Syracuse China Corp. on Sept. 30, 1971.
In 1978, shareholders of Syracuse China Corp. voted to merge with Canadian Pacific Investments, Ltd. (CPO, a multibillion dollar corporation with successful worldwide investments in oil and gas resources, mines and minerals, forest products, iron and steel, real estate, hotels and food services, financial services, and other diversified businesses.
As a wholly owned subsidiary of CPI, Syracuse China retained its corporate identity as well as the management team that had successfully operated the business. Syracuse China Corp. prospered despite intensifying challenges from overseas competition.
The company expanded its presence by acquiring the Mayer China Company in 1984 and Shenango Pottery in 1988, Libbey says. The Syracuse China Co. closed both Pennsylvania plants and made the ware of all three companies at its Syracuse plant by the early 1990s.
In 1989, redirecting its assets into its core businesses, CPI put the Syracuse China Co. on the market. The Susquehanna-Pfaltzgraff Company of York, Pa., outbid more than 20 investors for the highly regarded pottery. After six years of ownership, the Pennsylvania firm returned to its retail-oriented roots by selling the' Syracuse China Co., paving the way for its sale to Libbey.
Connors says Libbey's purchase of Syracuse China was a natural fit, because Libbey - a glassmaker - profits by bundling its own wares with Syracuse China products.
Libbey made all of its company documentation about Syracuse China available for the Onondaga Historical Association Museum's exhibit.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions



