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This period was marked by an almost insatiable demand for Federal-Mogul’s products. The company’s engine bearings and motorboat propellers became star performers in the ever-changing product lineup. In addition, Federal-Mogul acquired other manufacturing companies, diversified operations and increased output. These combined efforts catapulted Federal-Mogul onto the FORTUNE 500 list and a new level of success.
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Important dates:
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1941
Federal-Mogul became the world’s largest manufacturer of motorboat propellers. |
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1947
The company opened a new research facility in Ann Arbor, Michigan, as total sales reached $85 million and employment hit 6,200. |
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1949
Federal-Mogul celebrated its 50th anniversary.
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1955
The company merged with the Bower Roller Bearing Company — a producer of straight and tapered roller bearings — and became Federal-Mogul-Bower Bearings, Inc.
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1956
This newly formed entity debuted on the FORTUNE 500 list at number 350 as total sales reached $100 million.
Acquisitions in this time period included: Hyde Windlass Co., National Formetal Co., Bearings Company of America, National Motor Bearing Co., National Seal Co. and Arrowhead Rubber Co.
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