Net income US$ 1.3 billion (1999) Number of employees 70,400 (1999) Headquarters Morristown Predecessor Allied Corporation | Traded as NYSE: ALD Founded 1985 Defunct 1 December 1999 | |
Revenue US$ 15.1 billion (1999) | ||
AlliedSignal was an American aerospace, automotive and engineering company created through the 1985 merger of Allied Corp. and Signal Companies. It subsequently purchased Honeywell for $15 billion in 1999, and thereafter adopted the Honeywell name and identity.
Contents
History
The Allied Chemical & Dye Corporation originated with the 1920 merger of five chemical companies: Barrett Chemical Company (est. 1858), General Chemical Company (est. 1899), National Aniline & Chemical Company (est. 1917), Semet-Solvay Company (est. 1895), and the Solvay Process Company (est. 1881), with the backing of chemist William Nichols, who became concerned about dependence on the German chemical industry during World War I, and financier Eugene Meyer. It acquired the Eltra Corporation in 1979.
The company renamed itself the Allied Chemical Corporation in 1958, then simply the Allied Corp. in 1981. Allied merged with the Bendix Corporation in 1983, beginning the company's involvement in aerospace.
The Signal Companies traced their history to the Signal Gasoline company, founded by Samuel B. Mosher in 1922. It renamed itself to Signal Gas & Oil in 1928 to reflect its expanding businesses; by the 1950s, Signal was the largest independent oil company on the West Coast of the United States and Mosher held large stakes in American President Lines and Flying Tiger Line. In 1964, Signal merged with the Garrett Corporation, an aerospace company, and the combined company adopted "The Signal Companies" as its corporate name in 1968.
The merger of Allied and Signal made aerospace the new company's largest business sector. The combined company adopted the name Allied-Signal on September 19, 1985. It dropped the hyphen to become AlliedSignal in 1993 to reinforce a one-company image and signify the full integration of all of its businesses. In 1999, AlliedSignal acquired Honeywell and took its more-recognizable name. The acquisition was meant as a final triumphant move to cap off a long career by AlliedSignal's CEO, Larry Bossidy.
Product range
As of 2006, its automotive products included Fram Filters, Autolite Spark Plugs and Prestone Anti-Freeze. The Bendix Corporation had purchased both the Fram and Autolite brands from other companies in 1973. The Prestone brand was acquired in the late 1990s.
Honeywell (before the merger) was an international controls company that developed and supplied advanced technology products, systems and services to aviation and space companies and industry. The product lines of the two companies were complementary, the only principal overlap being avionics.
Membership in DJIA
AlliedSignal was a member of the Dow Jones Industrial Average for all of its existence until February 19, 2008.