The Full Wiki

GenCorp: Wikis

Advertisements
  

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

From Wikipedia, the free encyclopedia

GenCorp Inc.
Type Public (NYSEGY)
Founded 1915
Headquarters Sacramento, California
Key people J. Scott Neish, Interim President, Interim Chief Executive Officer, Vice President, and President, Aerojet-General Corporation
Industry aerospace and defense and real estate.
Revenue $624 million (2005)
Net income loss of $230 million (2005)
Employees ~3000
Website www.gencorp.com

GenCorp is an American technology-based manufacturer based in Sacramento, California. Established in 1915, GenCorp was formerly the General Tire and Rubber Company.

The name change was implemented in 1984 when GenCorp was formed as a parent holding company for General Tire's various businesses. Its main subsidiaries were General Tire; broadcaster RKO General; Diversitech General, a manufacturer of tennis balls and polymer products including automotive soundproofing and home wallpapers; and defense contractor Aerojet. Through its RKO General subsidiary, the company also held a stake in Frontier Airlines; RKO bottlers, which operated Pepsi-Cola distributorships; and several resorts and hotels, including the Westward Look resort in Tucson, AZ.

Faced with a hostile takeover attempt, GenCorp shed some of its long-held units in the late 1980s. The company sold RKO General's broadcast properties beginning in 1987, after protracted license renewal proceedings that stemmed from widespread lying to advertisers and regulators. GenCorp also sold its former flagship, General Tire, to German tire maker Continental AG in order to concentrate on Aerojet. In 1999, GenCorp spun off its Decorative & Building Products and Performance Chemicals businesses into a separate, publicly-traded company called OMNOVA Solutions, Inc.

GenCorp's two remaining businesses, as of 2008, are Aerojet and Real Estate. [1]

External links

References

Advertisements

Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message