Genealogy
Apr. 16, 1870
  • Fred A. Poor, Portec's founder, born in Andover, Maine
1887
  • Poor begins business career with Adams Express Company
1892
  • Poor joins Hall Signal Company of Chicago
1900
  • Poor joins the Weber Rail Joint Company, Chicago
1904
  • Continuous Rail Joint Company Ltd. is formed in Canada
1905

 

  • Continuous Rail Joint Company merges with Weber Rail Joint Company and Independent Supply Company of Chicago to form the Rail Joint Company of New York
1906
  • Poor patents one of the first successful rail anchors and forms the Railway Specialty and Supply Company with R.N. Baylies, Fred Preston and Philip W. Moore on April 12. He continues on with the Rail Joint Company
1910
  • Name of Railway Specialty and Supply Company changed to P&M Company (after Preston and Moore). Now largest supplier of rail anchors in the world.
  • Fred Poor leaves the Rail Joint Company to become President of P&M Company
1912
  • P&M Company Ltd. (Portec Rail Products Ltd.) formed in Canada
1919
  • P&M (England) Ltd. (Portec Rail Products UK Ltd.) formed in association with Lt. Col. L.P. Winby
1928
  • Name of P&M Company changed to Poor and Company.
  • Common stock listed on New York Stock Exchange
1929
  • Fred Poor purchases the Rail Joint Company for which he once worked
1930
  • Establishment of P&M (Australia) Pty. Ltd. subsidiary
1950
  • Pioneer Engineering Works purchased by Poor & Company. Entry into construction equipment business
Aug. 20, 1953
  • Fred Poor dies
1967
  • Brandon Equipment Company, Inc. (Shipping Systems) purchased
1968
  • Poor & Company changes name to Portec, Inc.
  • Fry & Company (Flomaster) purchased by Portec
  • Paragon purchased by Portec Inc.
1969
  • P&M Co. (England) Ltd. changes name to Portec (UK) Ltd. and relocates offices from London, England to Wrexham, Wales
1975
  • Portec acquires Railway Maintenance Corporation (RMC)
1976
  • Portec acquires Hawley Forge Manufacturing Company
1977
  • Portec acquires Midwest Freight Car Company
1978
  • Portec acquires Kolberg Manufacturing Corp.
  • Portec purchases Georgia Railcar facility
1982
  • Portec establishes Automated Systems Division to furnish guided vehicles for factory and warehouse automation
1984
  • Portec sells Railcar Division to Thrall Car
1989
  • Portec Railway Maintenance Products Division opens rail joint and lubrication products manufacturing facility in Huntington, West Virginia
  • Portec closes Troy, New York, rail joint manufacturing facility
  • Portec sells Railway Maintenance Equipment Division (RMC) to Fairmont (now Fairmont-Tamper Corp.) and closes Pittsburgh manufacturing facility
1993
  • Portec UK purchases Torvale Fisher Ltd. (mechanical handling facility)
1994
  • Portec acquires the Count Recycling Systems and Innovator Manufacturing
1996
  • Portec Railway Maintenance Products Division acquires the Moore & Steele (M&S) railway lubrication product line
1997
  • Portec sells construction equipment division (Kolberg and Pioneer product lines) to Astec Inc.
  • Portec Rail Products Inc. is established as a private company following the acquisition of all Portec Inc. railroad-related business units
  • Portec Rail UK Ltd. acquires Whitehough Engineering Co. (hydraulic lubricators)
1998
  • Portec Inc. becomes a private company engaged in materials handling by merging J. Richards Industries and manufacturing with the Flomaster Division
  • Portec Rail Products Inc.'s Canadian division, Portec Rail Products Ltd., rebuilds and automates Quebec rail anchor manufacturing facility
1999
  • Portec Rail Products (UK) Ltd. acquires Conveyors International
2000
  • Plant expansions are completed for Portec, Rail Products Ltd. spike manufacturing facility in St. Jean, Quebec and Portec Rail Products (UK) Ltd. material handling products in Wrexham, Wales.
2002
  • Portec Rail Products (UK) Ltd. unit, Conveyors International, acquires the assets and product lines of Quodeck, a manufacturer of turnkey equipment solutions for the fashion and garment industry.
2003
  • Portec Rail files S-1 registration statement with SEC relative to initial public offering of stock on the NASDAQ
2004
  • Portec Rail completes initial public offering and is traded on the NASDAQNational Market System (NMS) under the symbol “PRPX”
  • Salient Systems, Inc. is acquired, a developer of railway electronic wayside data collection and data management systems
  • Portec Rail acquires Kelsan Technologies Corp. a developer of wheel/rail interface friction control products
  • Portec Rail introduces a new logo featuring a rolling "P"
2006
  • January – Acquired certain assets and inventory of Kaybe Ltd. in the UK and integrates with existing material handling operation located in Leicester, England
  • April – Acquired 100% of the outstanding common stock of Coronet Rail Ltd. a manufacturer of insulated rail joints and track fasteners based in Sheffield, England
  • April 12 – Portec Rail celebrates the 100th anniversary of the founding of its earliest organizational ancestor the Railway Specialty and Supply Company
  • October - Acquired the railroad product line assets of Vulcan Chain Corporation, a Detroit, Michigan manufacturer of freight securement products and integrates with the Shipping Systems Division
  • Began implementation of a business reorganization plan which consolidated our rail and material handling operations in the United Kingdom from four locations into two, one at our Sheffield England facility (rail) and the other at our Leicester, England facility (material handling)
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Former Troy New York plant manufactured the armor plating for the Civil War's ironclad monitor
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