Beloit Corporation
Beloit Corporation began in 1858 as a foundry in the Wisconsin city of Beloit and ended in 2000 when it filed for bankruptcy and parts of it were acquired by Metso Paper, a part of Metso Corporation. The Italian affiliate became PMT Italia under the control of the Nugo Group. For much of its history, the trading name was Beloit Iron Works , but it became simply "Beloit Corporation" in 1962. History In its early phases, the business offered a variety of iron-based machinery products. It traded under the names of its founders, as Merrill and Houston Iron Works . It was bought by four of its employees in 1885 and become Beloit Iron Works. [1] In 1897 and 1900 the company exported its first paper machines to Japan and China respectively. [2] In the last two decades of its history, the corporation was the only producer of pulp and paper machinery and systems in North America. [ citation needed ] 1858 Orson E. Merrill opens his shop in Beloit, Wisconsin. 1859 Orson M...