Acme Brick
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Acme Brick Company | |
Type | Subsidiary of Berkshire Hathaway |
---|---|
Founded | 1891, Bennett, Texas, USA |
Headquarters | Fort Worth, Texas, USA |
Key people | Dennis Knautz, President and CEO |
Industry | Manufacturing and Distribution |
Products | Brick, Tile, Concrete Block, Glass Block Systems, and Cut Natural Stone |
Employees | 2,913 (as of 4/19/2006) |
Slogan | If you don't see the Acme name, you're not getting Acme quality. |
Website | www.brick.com |
Acme Brick Company is an American manufacturer and distributor of brick and masonry-related construction products and materials. Founder, George E. Bennett (October 6, 1852 - July 3, 1907), chartered the company in Alton, Illinois as the 'Acme Pressed Brick Company' on April 17, 1891. The company grew to become the largest American-owned brick manufacturer by the mid-20th century, was the first of its type to offer a 100-year limited guarantee to its customers, and was acquired by Berkshire Hathaway, Inc. on August 1 2000.
Contents |
[edit] History
- In 1890, Acme Pressed Brick Company was established fifteen miles southwest of Weatherford near present-day Farm Road 113, in southwestern Parker County, TX. The company town that evolved from the establishment of the manufacturing plant was called 'Bennett'. The community included Acme Brick homes (for 100 employees and their families), a church, a public school, and a general store.
- In 1916, Acme Pressed Brick stockholders elected new officers, applied for a Texas charter, began doing business as Acme Brick Company, and dissolved the company chartered in Illinois. Walter R. Bennett (George E. Bennett's son) was elected the first president of the newly renamed Acme Brick Company.
- In 1968, a merger of the Acme Brick Company and the Justin Boot Company resulted in the formation of the First Worth Corporation.
- In 1972, First Worth Corp. changed its name to Justin Industries, Inc., a 'parent' corporation who would grow to acquire many 'children' companies.
- In 1976, Featherlite (then known as Kingstip-Featherlite) was acquired. Featherlite began as a Texas-based, privately held company in 1949. Featherlite began acquiring concrete block companies in 1953 and continued it's expansion over the years - now operating 7 block producing facilities and 2 cement bagging facilities in Texas and 3 other locations.
- In 1981, as housing starts hit a 35-year low, Acme built inventory: 400 million brick were manufactured by the year's end.
- In 1984, record housing starts propelled Acme to record sales years in 1983 and 1984.
- In 1987, Acme began stamping its logo on one end of select residential brick. This tradition in brand recognition continues today.
- In 1993, Troy Aikman, Hall of Fame quarterback for the Dallas Cowboys football team, became an Acme Brick spokesperson - initially in radio and print advertising, and later on television.
- In 1994, American Tile Supply, a tile distributor and retailer in Texas, was acquired.
- In 1997, Fort Worth-based Innovative Building Products, developer and manufacturer of a mortarless installation system for glass block windows, skylights, shower enclosures, and floors, was acquired.
- In 2000, the Justin Industries Board of Directors approved the sale of the publicly traded company to Warren Buffett and Berkshire Hathaway. The boot companies and the building companies were split to form Justin Brands and Acme Building Brands as separate entities. At the time of the acquisition, Acme Building Brands was 'parent' to the following four 'child' companies:
- Acme Brick Company, the leading domestically owned United States manufacturer of face brick.
- Featherlite Building Products Corporation, the leading Southwest producer of concrete masonry products.
- American Tile Supply Company, a major Texas distributor of ceramic and marble floor and wall tile.
- Justin Brands - Justin Boot Company®, Nocona Boot Company®, Tony Lama Company®, and Chippewa Shoe Company®.
- In 2001, Acme Brick set a new company record for shipments - exceeding 1 billion company-manufactured bricks shipped.
- In 2003, Acme Brick's residential products started carrying the Good Housekeeping Seal.
- On October 6, 2006 (October 6th was also the birthday of Acme's founder, George Bennett), Acme Brick broke ground for the company's new headquarters building to be located in southwest Fort Worth. Completion of the 77,000 square foot, three-story building is expected to be fall 2007.
[edit] Manufacturing plants
Acme Brick manufactures brick (primarily for U.S. customers) at plants located in six states:
- Clarksville, Arkansas (known as Acme's Eureka Brick Plant)
- Fort Smith, Arkansas
- Jonesboro, Arkansas (known as Acme's Wheeler Plant)
- Malvern, Arkansas (Acme has 3 plants in Perla; Perla Westgate, Perla Eastgate, and Acme's Ouachita Plant)
- Castle Rock, Colorado (known as Acme's Denver Brick Plant)
- Kanopolis, Kansas
- Weir, Kansas
- Holly Springs, Mississippi
- Oklahoma City, Oklahoma
- Tulsa, Oklahoma
- Bridgeport, Texas
- Denton, Texas
- Elgin, Texas (Acme has 2 plants in Elgin)
- Garrison, Texas
- Malakoff, Texas (known as Acme's Texas Clay Plant - Acme has 2 plants in Malakoff)
- McQueeney, Texas
- Millsap, Texas (Acme's first plant - also known as the 'Bennett Plant')
- Sealy, Texas
[edit] Sales offices
Acme Brick sells manufactured and purchased products from sales offices located in ten states:
- Arkansas (Fort Smith, Jonesboro, North Little Rock, Russellville, and Springdale)
- Colorado (Castle Rock)
- Kansas (Olathe and Wichita)
- Louisiana (Alexandria, Baton Rouge, Lafayette, Lake Charles, Monroe, New Orleans, and Shreveport)
- Mississippi (Holly Springs)
- Missouri (Joplin, Maryland Heights, and Springfield)
- New Mexico (Las Cruces)
- Oklahoma (Oklahoma City and Tulsa)
- Tennessee (Jackson and Memphis)
- Texas (Abilene, Amarillo, Austin (Round Rock), Bryan, Beaumont, Corpus Christi, Denton, Euless, Houston, Lubbock, Longview, Midland, San Antonio, San Angelo, Temple, Texarkana, Tyler, Waco, and Wichita Falls)
[edit] References
- Lehr, Edwin E. (1998). Colossus in Clay: Acme Brick Company: the story of the largest American owned brickmaker. The Donning Company Publishers. ISBN 1-57864-040-7.
- Handbook of Texas Online. "BENNETT, TEXAS (Parker County)". Retrieved 3 October 2006.
[edit] External links
Insurance | Applied Underwriters Inc. • Central States Indemnity Company • GEICO • General Re • Kansas Bankers Surety Company • Medical Protective • National Indemnity Company • United States Liability Insurance Group • Wesco Financial |
Materials and Construction | Acme Brick • Benjamin Moore & Co. • Clayton Homes • ISCAR Metalworking • Johns-Manville • MiTek • Precision Steel Warehouse, Inc. • Shaw Industries |
Furniture | CORT Business Services • Jordan's Furniture • Larson-Juhl • Nebraska Furniture Mart • RC Willey Home Furnishings • Star Furniture |
Apparel | Fruit of the Loom • Russell • Garan • Fechheimer Brothers • Acme Boots • H.H. Brown Shoe Group • Justin Brands |
Transportation | NetJets • FlightSafety International • Forest River • McLane Company • XTRA Corporation |
Food | Dairy Queen • The Pampered Chef • See's Candies |
Other | Ben Bridge Jeweler • Blue Chip Stamps • Borsheim's Fine Jewelry • The Buffalo News • Business Wire • CTB Inc. • MidAmerican Energy Holdings Company • World Book Encyclopedia |
Board of Directors | Warren Buffett • Charlie Munger • Howard Graham Buffett • Malcolm Chace • Bill Gates • David Gottesman • Charlotte Guyman • Donald Keough • Thomas S. Murphy • Ronald Olson • Walter Scott, Jr. |
Annual Revenue: $81.663 billion USD • Employees: 180,000 • Stock Symbol: NYSE: BRKA • Web site: www.berkshirehathaway.com |