History
During the early years, NASH developed vacuum stream heating systems and vacuum sewage collection systems for many of the growing USA cities. NASH also developed vacuum pumps which were applied in the manufacture of pulp and paper. During the mid-20th century, NASH continued expanding into industrial markets such as paper, power, petrochemical, general industrial and food markets.
In the early 1960s Nash discontinued sales for commercial markets–vacuum heating and sewage collection–to concentrate on the industrial markets. Constant growth continued up to the U.S. recession in 1982. During that time, NASH increased their investment in R&D rather than cutting back as many U.S. companies had done. All during early 80's, Olie Olson invented lot of modications which help company kept its lead. After Olie Olsen left, the lead edge Nash had vanished quickly. In 2002, Nash Engineering attracted private equity finance from Audax (Boston) and merged with Siemens to become Nash Elmo. A 2004 acquisition by Gardner Denver Inc. resulted in Gardner Denver Nash.
Read more about this topic: Nash Engineering Company
Famous quotes containing the word history:
“The history of all previous societies has been the history of class struggles.”
—Karl Marx (1818–1883)
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)
“Like their personal lives, women’s history is fragmented, interrupted; a shadow history of human beings whose existence has been shaped by the efforts and the demands of others.”
—Elizabeth Janeway (b. 1913)