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Delaware's economy shifted to a manufacturing base in the late 19th century, led by the transformation of the DuPont Company. [1] Modern growth in the financial workforce has overtaken the manufacturing sector in the state's economy. The Delaware General Corporation Law provides a flexible and stable framework for national incorporation. [2]
Greif, Inc. is an American manufacturing company based in Delaware, Ohio. Originally a manufacturer of barrels , [ 1 ] the company is now focused on producing industrial packaging and containers. In 2018, the company ranked 642 on the Fortune 1000 .
In 1987, Stout Environmental, Inc. ("Stout") was formed as a Delaware corporation. [6] It was acquired by Republic Industries in 1992. In April 1995, Republic Industries spun off the business into an entity known as Republic Environmental Systems, which was merged with Century Surety Company (which was part of Alliance Holding Corporation) into a newly formed entity, International Alliance ...
Flxible was purchased by Rohr Industries in 1970, and a new factory and corporate headquarters were built in Delaware, Ohio, in 1974, with the original factory in Loudonville, Ohio, being used to manufacture parts and sub-assemblies. Flxible was sold to Grumman Corporation in 1978 and became known as Grumman Flxible.
Delaware acquired its status as a corporate haven in the early 20th century. Following the example of New Jersey, which enacted corporate-friendly laws at the end of the 19th century to attract businesses [5] from New York, Delaware adopted on March 10, 1899, a general incorporation act aimed at attracting more businesses.
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Denison Hydraulics Inc., originally known as the Cook Motor Co., was founded in 1900 in Delaware, Ohio, as a manufacturer of heavy duty industrial gasoline engines. The main problem was that they were big, heavy, and only single-cylinder. For example, a typical 50 hp engine weighed 3 tons. After World War I, Mr. Cook wanted to retire. Bill ...