Marion Power Shovel Company

Marion Power Shovel Company designed, manufactured and sold steam shovels, excavators and dragline excavators for use in the construction and mining industries.

Founded in Marion, Ohio in August, 1884 by Henry Barnhart, Edward Huber and George W. King as the Marion Steam Shovel Company, the company grew through sales and acquisitions throughout the twentieth century. The company changed its name to Marion Power Shovel Company in 1946 to reflect the industry's change from steam power to diesel power. The company ceased to be an independent entity when it was sold, becoming the Marion division of Dresser Industries, Inc. in 1976. In 1992 Dresser spun off the Marion division and certain other assets into a holding company that would eventually become known as Global Industrial Technologies, Inc. Global put the Marion division up for sale in 1997 and Bucyrus International, Inc. purchased the division for US$40.1 million. Bucyrus integrated the Marion division's products into the Bucyrus product line, then closed the Marion, Ohio, facility.

Marion Power Shovel lives on as a brand owned by Bucyrus, which manufactures OEM parts and provides technical service for Marion branded machines that are still in use. Marion Power Shovel's historical corporate files and archives are split between Bowling Green, Ohio's Historical Construction Equipment Association and the Marion County Historical Society in Marion, Ohio.

Read more about Marion Power Shovel CompanyOsgood Company Acquisition, Acquired By Dresser, Then Bucyrus

Other articles related to "marion power shovel company, marion power shovel, company":

Marion Power Shovel Company - Acquired By Dresser, Then Bucyrus
... The Marion Power Shovel Company was refinanced by management in the late 1960s with only the signature guarantee of the primary stockholder, billionaire Henry Hillman, of Pittsburgh, PA and PNC Bank fame ... purchased Marion Power Shovel for approximately US$250 million ... The company grew from 1,500 employees in 1974 to over 3,200 employees by 1978 under the direction of Putt McDowell during the massive growth in coal mining demand of the late 1970s ...

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