Five businessmen who make toy balloons launch Wooster Rubber Co.
Wooster Rubber Co. makes its first public stock offering.
Corporate name becomes Rubbermaid Inc. to capitalize on the strength of the brand name.
Stanley Gault, a General Electric executive and son of one of the five founders of Wooster Rubber Co., arrives in January as vice chairman.
Little Tikes Co. of Hudson, Ohio, is acquired. Rubbermaid is selected as one of Fortune's most admired corporations.
Business Monthly magazine names Rubbermaid one of the best-managed companies in America. The firm establishes specialty products and office products divisions.
President Walter Williams resigns suddenly and is succeeded by CEO Wolfgang R. Schmitt.
Rubbermaid turns 75 but is plagued by increased competition, increased demands from retailers and skyrocketing raw-materials costs. A two-year restructuring plan reduces the firm's blue-collar workforce globally by more than 1,200 people — including 300 in Wooster.
Newell Co. announces an agreement to buy Rubbermaid for about $6.3 billion in stock and assumed debt.
Source: Wire services