Global Fastener News

1985 FIN -Bethlehem Steel Bows Out of Fastener Manufacturing With Sale of 1882 Pennsylvania Plant

July 25
00:00 2011

FEATURE

June 27, 1985 FIN – Bethlehem Steel Corporation has bowed out of the fastener industry.
 

The Bethlehem, Pennsylvania, steelmaker announced it has reached a preliminary agreement to sell a major portion of its 100-acre Lebanon, Pennsylvania, plant as an ongoing operation to a group headed by Minnesota businessman Lawrence J. Poe.

 

The Lebanon operation began in 1882 as the Pennsylvania Bolt & Nut Company. Bethlehem Steel Corporation acquired the plant in 1917 from the former American Iron & Steel Manufacturing Company.

 

The sale is conditional on the approval of both Urban Development Action Grant funding and financial support through…

For the fastener history of Bethlehem fastener production and hundreds of articles from the pages of Fastener Industry News from 1979 to present, click on the FASTENER HISTORY section of GlobalFastenerNews.com. More stories are added weekly.

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