Ball Corporation:
Ball Corporation – is an American company headquartered in Broomfield, Colorado, that is best known for its early production of glass jars, lids, and related products used for home canning. Since its founding in Buffalo, New York, in 1880,[2] when it was known as the Wooden Jacket Can Company, the Ball company has expanded and diversified into other business ventures, including aerospace technology, and became the world’s largest manufacturer of recyclable metal beverage and food containers.
The Ball brothers renamed their business the Ball Brothers Glass Manufacturing Company, incorporated in 1886. Its headquarters, as well as its glass and metal manufacturing operations, were relocated to Muncie, Indiana, by 1889. The business was renamed the Ball Brothers Company in 1922 and the Ball Corporation in 1969. It became a publicly traded stock company on the New York Stock Exchange in 1973. Ball exited the home canning business in 1993. (Alltrista, a former subsidiary of Ball Corporation, spun off as a separate company and was renamed Jarden Corporation. Jarden is licensed to use the Ball registered trademark on its line of home-canning products, including glass jars and lids.)
Early years
In 1880, Frank C. and Edmund B. Ball, two of the five Ball brothers, borrowed $200 from their uncle, George Harvey Ball, founder and first president of Keuka College, to buy the Wooden Jacket Can Company, a small manufacturing business in Buffalo, New York. Soon, the three other brothers (William, Lucius, and George) joined Frank and Edmund in Buffalo. (Years later, the brothers reciprocated their uncle’s early assistance by providing financial support to Keuka College.)
The Ball brothers’ company made tin cans encased in wooden jackets to hold kerosene, paints, or varnishes.Because the acid used to refine kerosene caused corrosion in tin, the brothers decided to use glass for the inserts of the wood-jacketed cans.[citation needed] Initially, they bought the glass containers from a factory in Poughkeepsie, New York.Around 1885 a group of Belgian glassblowers who were passing through Buffalo encouraged the Ball brothers to build their own factory.The Ball brothers purchased land in East Buffalo, where they built a two-story brick building for the stamping works and a one-story frame factory for the glass works. Although a fire destroyed an early glass factory in Buffalo, the brothers rebuilt and expanded the business. To keep the new factory’s furnace operating at ull capacity, the company introduced new products and made improvements to its glass and metal manufacturing processes.
Around 1884, when the brothers discovered that the patent covering the Mason Improved fruit jar had expired, their company began manufacturing canning jars in their glassworks. The Ball brothers’ “Buffalo” jars, which ranged in size from half-gallon to pint and midget, manufactured during a part of 1884, 1885, and 1886. Jar lids were produced in their metal fabricating factory. The Ball Company’s logo was embossed onto the surface of the jars, which were made of either amber or aqua (blue-green) glass.
On February 13, 1886, the company incorporated as Ball Brothers Manufacturing Company. About the same time the factory in Buffalo was destroyed by fire in 1886, the brothers began to consider relocating their business closer to natural gas supplies.While on a business trip in Cleveland, Ohio, Frank heard about the natural gas boom in Findlay, Ohio. After visiting the town, he told Edmund about the economic advantages of using natural gas instead of coal for manufacturing glass. Edmund visited several towns in the gas fields, including Muncie, Indiana. The two brothers decided to make a more extensive trip to investigate the possibility of establishing a glass factory closer to an abandoned supply of natural gas. They briefly had doubts about extending beyond Buffalo, but decided to explore the use of natural gas as a means of expanding their glass-making business.
Frank and Edmund first visited in Fostoria, Ohio, where they were enthusiastically welcomed. The next stop was Bowling Green, Ohio. After a night in town, Edmund returned to Buffalo, but Frank remained. After Frank had been in Bowling Green for about a week, he received a telegram from James Boyce, a Muncie businessman. Frank, who had become weary of Bowling Green, was ready for a change and “decided to run down to Muncie and see what they had to offer.”As Frank recalled his early discussions with Muncie’s town leaders, “There was nothing about the town that particularly appealed to me, but the men were all courteous, kind, and businesslike.Frank agreed to a proposal that offered the Ball brothers 7 acres (2.8 hectares) of land for a factory site, a gas well, and $5,000 in cash to encourage the move to Muncie. In addition, city officials agreed to provide a railroad connection to the brothers’ new facilities. By September 1887 construction had begun on the Muncie factory and the Ball brothers began plans to relocate their glass manufacturing operations from New York. Frank remained in Muncie to get the factory up and running, while Edmund closed the glass factory in Buffalo, then moved to Muncie to join Frank. Their brothers, William and George, remained in Buffalo to operate the stamping works and a factory in Bath, New York.
In 1888 the company opened its first glass manufacturing facility in Muncie.On February 18 fires were started in the new factory’s furnace; on March 1 its first glass products were made.The first products to be manufactured in the new factory in Muncie were oil containers and lamp chimneys, not fruit jars. By 1889 the Ball company’s headquarters and its glass and metal manufacturing operations had relocated to Muncie.[3][19] The other Ball brothers moved to Indiana in the 1890s. George relocated to Muncie in 1893, William arrived in 1897, and Lucius, a company shareholder and a physician, moved to Muncie in 1894.
In the late nineteenth century, the company continued to grow and prosper, but not without experiencing some challenges. Fires at its Muncie factories and warehouses in 1891 and 1898 damaged its facilities, but they were rebuilt. Despite the economic panic of 1893, the company was able to produce 22 million fruit jars for the year beginning in September 1894, and 37 million jars by 1897. When natural gas supplies in the area began to diminish, the Ball brothers installed gas converters to use Indiana coal in their factories and continued manufacturing operations. The company’s F. C. Ball machine, patented in 1898, introduced mass production into its glass-blowing process and gave it a competitive market advantage. By 1905 the company was producing 60 million canning jars per year and had acquired other glass manufacturers, expanding its operations to include seven factories in addition to its main facilities at Muncie.
Diversification
Ball remained a family-owned business for more than ninety years. Renamed the Ball Brothers Company in 1922, it is best known for manufacturing fruit jars, lids, and related products for home canning. The company also entered into other business ventures. Because the four main components of their core product line of canning jars included glass, zinc, rubber, and paper, the Ball company acquired a zinc strip rolling mill to produce metal lids for their glass jars, manufactured rubber sealing rings for the jars, and acquired a paper mill to fabricate the packaging used in shipping their products. The company also acquired tin, steel, and later, plastic companies.
The Ball company faced additional challenges and opportunities during the Great Depression and World War II. Prior to 1933, Ball was the largest domestic manufacturer of home canning jars. In 1939 it manufactured 54 percent of all the canning jars made in the United States. However, a drop in demand for the jars during the 1930s led the Ball brothers to begin manufacturing other types of jars and bottles for commercial use and expand into other lines of business. During World War II the company’s operations were converted to produce shells and machine parts for the military. After the war, Ball’s glass-making business was hindered by an antitrust case in which the company was one of several defendants. The legal case was appealed to the U.S. Supreme Court. The final decision, which was handed down in in 1947, restricted Ball’s ability to acquire other glass manufacturers and other businesses producing glass-making machinery without prior court approval. In 1949 the decreasing demand for canning jars caused the company to suffer its first net operating loss. With legal restrictions on the company’s ability to expand its glass-making business and declining demand for its canning jars, Ball company executives decided that in order to grow it had to further diversity its holdings.
In the 1950s the Ball company entered the aerospace industry. Laboratories for the Ball Brothers Research Corporation were established at Boulder, Colorado, and in Muncie. The company began manufacturing aerospace equipment in 1959. Its OSO-1 (Orbiting Solar Observatory) satellite, designed and built for the National Aeronautics and Space Administration (NASA) with $1.4 million in grants, launched into space on March 7, 1962, at Cape Canaveral, Florida. Its success let to additional contracts to build more satellites, a total of seven, but not without some losses. An explosion killed three workers and damaged the company’s OSO-2 satellite in 1964.
The company continued to expand into other areas such as avionics, aerospace systems, and metal beverage and food containers. Renamed the Ball Corporation in 1969, it acquired Jeffco Manufacturing Company, a maker of recyclable aluminum beverage cans, and became the largest producer of recyclable beverage cans in the world. Although glass production in Muncie ceased in 1962, it continued at other Ball plants until its final until its final glass manufacturing operations were sold in 1996.
Ball Corporation’s stock went public on July 13, 1972.[citation needed] It became a publicly-traded stock company on the New York Stock Exchange in 1973. The stock began trading at $26 per share on the NYSE on December 17, 1973, using the trading symbol BLL.[citation needed]
Ball no longer produces its glass canning jars. In the early 1990s Ball exited the home-canning business, when it established a subsidiary named Alltrista, which consisted of seven smaller Ball subsidiaries that included the Ball jar and other canning-related products. When Altrista Corporation became a separate company in April 1993, Ball shareholders received one share of Alltrista stock for every four shares of Ball stock. Altrista was renamed Jarden Corporation in 2001. Jarden retains the license to use the Ball registered trademark on its line of home-canning products, a part of Jarden’s branded consumables business. (Jarden produces lids for several brands of fruit jars at its Muncie plant and its jars are made by a variety of glass producers.[citation needed])
In 1998 the Ball Corporation moved its corporate headquarters from Muncie to Broomfield, Colorado, where its oversees global operations as a manufacturer of plastic and metal food and beverage containers, as well as a manufacturer of equipment and supplier of services to the aerospace industry