Jones and Laughlin Steel Company
American firm (1852–1968) / From Wikipedia, the free encyclopedia
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The Jones and Laughlin Steel Corporation , also known as J&L Steel or simply as J&L, was an American steel and iron manufacturer that operated from 1852 until 1968. Beginning as the American Iron Company, founded in 1852 by Bernard Lauth and Benjamin Franklin Jones, a few miles (c 4 km) south of Pittsburgh along the Monongahela River.[2] Lauth's interest was bought in 1854 by James Laughlin.[3] The first firm to bear the name of Jones and Laughlin was organized in 1861, and headquartered at Third & Ross in downtown Pittsburgh.[4][5]
Quick Facts Formerly, Company type ...
Formerly | American Iron Company |
---|---|
Company type | Private |
Industry | Steel production |
Founded | 1852 (1852) in Pittsburgh, Pennsylvania, U.S. |
Founders | Bernard Lauth Benjamin Franklin Jones |
Defunct | 1968 (1968) |
Fate | Acquisition |
Headquarters | Pittsburgh, Pennsylvania |
Revenue | $903.6 million (1968[1]) |
$35.8 million (1968[1]) | |
Total assets | $1,092.8 millon (1968[1]) |
Total equity | $703.9 million (1968[1]) |
Number of employees | 39,531 (1968) |
Parent | LTV Steel |
Footnotes / references Financials via the Fortune 500's 1968 historical database. 1968 was J&L's final year before its acquisition.[1] |
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