Anchor Coupling Bio
1933: The company began small scale operation in Waukegan, IL.
1938: Anchor Coupling Inc. was formed by Charles L. Conroy and Walter Fritsch. They were former employees of Eastman Manufacturing.
1941: Company moved to Libertyville IL. Anchor receives government contract to make hose assemblies. Building was 50’ x 145’.
1946: Anchor Coupling adjust to post war economy. Advertises Government surplus for sale of 40,000 feet of 3/8 hydraulic hose.
1950’s Anchor Coupling specializes in high pressure OEM hose assemblies. In addition, they develop a network of distributors.
1956: Anchor Coupling and Borg Warner were in negotiations for the sale of the business for just over 4 million dollars. Anchor chose not to sell the business that led to a 5-year legal battle.
1961: Borg Warner trial began. Two days later, Walker Fritsch, major shareholder, died. The trial was halted. A settlement of 1,000,000 was agreed. Charles Conroy, owner, died in 1962.
1962: New president elected Anchor becomes a publicly traded corporation.
1963: Anchor Coupling acquires the Eastman Atlantic and Eastman Pacific hose assembly plants.
1964: Anchor Coupling Canada created
1975: Amerace Corporation purchases major share of stock. Anchor Coupling continues
1981: Anchor Coupling and Swan Hose merge.
1983: Amerace decides to discontinue all hydraulic hose coupling facilities. Anchor Coupling is sold to Goodyear. Goodyear purchases two hose coupling plants. Hose assembly locations are not sold to Goodyear.
1984-1987: The Anchor Coupling name was not used by Goodyear. Goodyear got out of the hydraulic hose and fittings business in 1987. The hose coupling plants were sold.
1988: Hydraulic Engineering Inc. of Jacksonville, Florida purchased HCMI from Goodyear. HCMI was the hose coupling plant. HCMI was then renamed to Anchor Coupling.
1992/1993: Hydraulic Engineering sold Anchor Coupling to Caterpillar. Caterpillar still owns the trademark name and operates Anchor Coupling locations for their own use.