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29-514: In 1968, the management sold the company to Ingersoll Rand . It was later purchased in 2003 by the Timken Company . That company ceased all operations in Torrington and shut down the plants in 2006. The rest of the heavy bearing plants and needle bearing plants were eventually sold to JTEKT in 2009. Most of the factory buildings in Torrington were demolished in 2023. The Excelsior Needle Company

58-451: A business unit of Ingersoll-Rand Co., for $ 775 million in the year 2000, creating the world’s second largest pump company. (https://www.flowserve.com/en/about-flowserve/company/history/) In April 2019, Ingersoll-Rand Plc and Gardner Denver Holdings, Inc. jointly announced an agreement through which Ingersoll Rand's Industrial segment would be spun-off and merged with Gardner Denver in a Reverse Morris Trust transaction. The merger transaction

87-413: A household in the town was $ 53,850, and the median income for a family was $ 61,119. Males had a median income of $ 40,109 versus $ 31,979 for females. The per capita income for the town was $ 22,188. About 8.1% of families and 10.6% of the population were below the poverty line, including 12.8% of those under age 18 and 13.8% of those age 65 or over. As of the 2020 census, there were 39,087 people residing in

116-602: A lump sum of $ 146 million. Haverstraw, New York Haverstraw / ˈ h æ v ər ˌ s t r ɔː / is a town in Rockland County , New York , United States, located north of the Town of Clarkstown and the Town of Ramapo ; east of Orange County ; south of the Town of Stony Point ; and west of the Hudson River . The town runs from the west to the east border of the county in its northern section. The population

145-460: A significant part of the company's business by the 1920s. In the 1930s, a research engineer named Edmund K. Brown invented a new kind of needle bearing, which eventually became the majority of the company's business. After World War II , in which the US had a large need for needle bearings for military aircraft like B-29 bombers , the production of bearings became the company's central product line. By time

174-626: A subsidiary called the Torrington Swaging Company). As the company expanded further and sewing needles became less important, the executors of the company transferred the assets of the Excelsior Needle Company to a new parent company called the Torrington Company of Maine. The company became large in the ball bearing business in the 1930s. It had begun with a 1912 acquisition of a small ball bearing company, which became

203-607: The Franklin Community . Underfinanced and wracked by internal dissent, the model Owenite community folded after a mere five months of operation. According to the United States Census Bureau , the town has a total area of 27.4 square miles (71.0 km ), of which 22.2 square miles (57.4 km ) is land and 5.3 square miles (13.6 km ), or 19.19%, is water. As of the census of 2000, there were 33,811 people, 11,255 households, and 8,328 families residing in

232-874: The NY Waterway / Metro-North Railroad Haverstraw–Ossining Ferry . Short Line , part of Coach USA , provides daily service along U.S. Route 9W heading to and from the Port Authority Bus Terminal in Midtown Manhattan and West Point Military Academy or Newburgh . New York Central 's West Shore Railroad began operations along the banks of the Hudson in 1883 and until 1958 operated passenger service between Albany and Weehawken Terminal in Weehawken, New Jersey , where passengers could transfer to ferries to Manhattan . Service between West Haverstraw and Weehawken

261-583: The 800 shares in the newly created Excelsior Needle Company. By the mid-1870s, the Excelsior Needle Company was producing over 30,000 needles a day. In 1890, the Excelsior Needle Company acquired the National Needle Company, based in Springfield, Massachusetts . Around the 1890s, the company expanded and diversified, beginning to produce latch needles for knitting machines , heavy hook needles used in shoemaking , as well as spokes for bicycle wheels (in

290-546: The Denver Rock Drill Company in 1927 to form Gardner-Denver. Gardner Denver grew during the early decades of the 1900s and transformed through acquisitions. In 1943, Gardner Denver was listed on the New York Stock Exchange for the first time. In the late 1950s, merger negotiations with Dresser Industries yielded no agreement, and the same outcome occurred with Cooper-Bessemer . In 1979, Gardner Denver

319-609: The Gardner Governor Company in 1859 in Quincy, Illinois and introduced the first effective speed controls for steam engines . This innovation, known as the flyball governor , helped pave the way for the later production of other industrial products such as air compressors . By the turn of the century, the company had sold more than 150,000 governors across the United States and Canada. The Gardner Governor Company merged with

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348-1277: The International directory of company histories. Vol. 13. Ingersoll Rand Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand   plc (now known as Trane Technologies ) and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets. Based in Davidson, North Carolina , Ingersoll Rand operates in two segments: Industrial Technologies and Services and Precision and Science Technologies. Simon Ingersoll founded Ingersoll Rock Drill Company in 1871 in New York, and in 1888, it combined with Sergeant Drill to form Ingersoll Sergeant Drill Company. Also in 1871, brothers Addison Rand and Jasper Rand, Jr. established Rand Drill Company with its main manufacturing plant in Tarrytown, New York . Rand drills cleared New York's treacherous Hell Gate channel and were used in

377-435: The archdiocese announced that it could potentially be closed, the school community did a fundraising drive as the school was told it could remain open if a plan to raise $ 500,000 annually was produced. That year the school's per-student cost was $ 5,500 but it relied on archdiocese funds as it deliberately had tuition below cost, at $ 3,600, so children of working class backgrounds could attend. It had an increasing enrollment at

406-530: The construction of water aqueducts for New York City and Washington, D.C., as well as tunnels in Haverstraw and West Point, New York , and in Weehawken, New Jersey . In 1905, Ingersoll-Sergeant Drill Company merged with the Rand Drill Company to form Ingersoll Rand. In the 1920s, Ingersoll Rand supplied diesel engines for locomotives built by both General Electric and ALCO . Robert Gardner founded

435-440: The crest of South Mountain to High Tor. Halfway is Little Tor, the second highest peak on South Mountain. The town of Haverstraw was formed in 1788 while still part of Orange County, New York . Haverstraw was partitioned in 1791 to form the town of Clarkstown and the town of Ramapo and again in 1865 to form the town of Stony Point . In 1826 the town was the site of a short-lived effort to establish an Owenite colony called

464-461: The equity grant, equal to approximately 20% of its employee's pay, was one of the largest equity grants ever given to employees in an industrial company. As of July 2021, Ingersoll Rand operates with two business segments. In April 2021, a controlling interest in its High Pressure Solutions segment was sold to American Industrial Partners for $ 278 million. In June 2021, Club Car , previously Ingersoll Rand's Specialty Vehicles Technologies segment,

493-463: The population. Haverstraw has one of largest Dominican communities in the United States with Dominicans making up 32.4% of the population There were 11,255 households, out of which 37.3% had children under the age of 18 living with them, 54.4% were married couples living together, 15.0% had a female householder with no husband present, and 26.0% were non-families. 21.3% of all households were made up of individuals, and 7.8% had someone living alone who

522-631: The region was explored by Henry Hudson . A land purchase was made in this town in 1666 from local natives and confirmed as a patent in 1671. The region was known as Haverstroo , meaning "oat straw" in Dutch . During the American Revolution , it served (under the command of Col. Ann Hawkes Hay ) as an important lookout for British activities on the Hudson. A blue-marked trail, the Long Path, may be taken 2 miles (3 km) eastward from Central Highway along

551-513: The time it sold to Ingersoll-Rand in 1968, the Torrington Company had become an international company with manufacturing facilities in England, Canada, Germany, Brazil, Italy, Portugal, and Japan, as a leading producing of a broad line of anti-friction bearings. The less-profitable needle business, which had been the original basis of the company for 114 years, was forced to be abandoned by Ingersoll-Rand in 1980. * " Torrington Company ", p. 521 in

580-470: The town. Haverstraw has a council form of government. The town supervisor is Howard T. Phillips Jr., and council members are Vincent Gamboli, John J. Gould, Hector L. Soto and Isidro "Papo" Cancel. The town's services include a police department. Major highways include the Palisades Interstate Parkway , U.S. Route 9W , U.S. Route 202 , and NY Route 45 . Haverstraw is also a terminus of

609-443: The town. The population density was 1,508.3 inhabitants per square mile (582.4/km ). There were 11,553 housing units at an average density of 515.4 per square mile (199.0/km ). The racial makeup of the town was 66.24% white , 10.27% black or African American , .41% Native American , 3.21% Asian , .10% Pacific Islander , 15.65% from other races , and 4.12% from two or more races. Hispanic or Latino of any race were 31.73% of

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638-475: Was 39,087 at the 2020 census. The name comes from the Dutch word Haverstroo meaning "oats straw", referring to the grasslands along the river. The town contains three villages , one of which is also known as Haverstraw . Haverstraw village is the original seat of government for the town, hosting the area's historic central downtown business district and the densest population in northern Rockland County. In 1609,

667-452: Was 65 years of age or older. The average household size was 2.94 and the average family size was 3.43. In the town, the population was spread out, with 26.3% under the age of 18, 8.6% from 18 to 24, 31.2% from 25 to 44, 23.6% from 45 to 64, and 10.3% who were 65 years of age or older. The median age was 35 years. For every 100 females, there were 93.7 males. For every 100 females age 18 and over, there were 89.4 males. The median income for

696-530: Was acquired by C-B's successor, Cooper Industries Inc. In 1994, Cooper spun off the Gardner Denver Industrial Machinery Division as an independent company. Gardner Denver Inc traded on the New York Stock Exchange until it was acquired by private equity firm Kohlberg Kravis Roberts & Co. L.P. in 2013. Gardner Denver returned to public ownership in 2017 through an initial public offering. Flowserve purchased Ingersoll-Dresser Pumps,

725-646: Was based on a machine invented In 1864 by two men in Connecticut named Orrin Hopson and Herman Brooks, which could compress sections of steel in a way that they eventually found out was useful for producing better blanks (shaped pieces of metal) for sewing needles. In 1866, Hopson and Brooks sold the patent to the machine to seven businessmen in Wolcottville, Connecticut (a neighborhood in Torrington), for $ 5,000 and 100 out of

754-501: Was completed on February 29, 2020. When Gardner Denver completed its initial public offering in May 2017, it granted deferred stock units to substantially all permanent employees. The grant had a value of approximately $ 100 million. Following the merger in 2020, the company granted stock units worth approximately $ 150 million to substantially of its 16,000 global employees that had not already received equity-based incentive awards. The amount of

783-710: Was discontinued in 1959. The right of way is still used for freight and is known as the River Line. Conrail operated the system until its dissolution. It is now part of the CSX River Subdivision which runs between North Bergen Yard in New Jersey and Selkirk, New York . The Roman Catholic Archdiocese of New York operates Catholic schools in Rockland County. St. Peter Parish School was in Haverstraw. In 2012, after

812-443: Was originally formed in order to exploit a new process for manufacturing needles called "cold swaging," a form of swaging in which the needles were formed with their pointed ends while the metal was cold. This was useful because while early sewing machines had been invented by the mid-1800s, the needles at the time were ineffective and imprecise, hammered out similarly to how blacksmiths formed horseshoes. The Excelsior Needle Company

841-413: Was sold to Platinum Equity Advisors for $ 1.68 billion. In October 2022, Ingersoll Rand announced it would acquire Everest Group, an India-based manufacturer of blowers and vacuum systems and Airmax Groupe, a French manufacturer of compressed air systems. In February 2024, Ingersoll Rand acquired Friulair, a company out of Friuli , Italy which specializes in chillers and dryers . Ingersoll Rand paid

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