Word: thornbrough
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Another sophomore, Mike Millis, will fill the number five spot behind Hawkins in today's match, with classmate Wayne Thornbrough playing in the sixth position. Senior letterman Bob Seelert will be playing in the seventh slot...
What saved the firm was the intervention in 1956 of Argus Corp. Ltd.. an aggressive Canadian investment trust. Argus, after getting a controlling interest in the company, put in as president Albert A. Thornbrough. a onetime farm boy from Kansas who was one of the assets Massey acquired when it merged with British Inventor Harry Ferguson's tractor company in 1953. Thornbrough promptly set the company on a new course. North American farms, he reasoned, were now so heavily mechanized that they must be considered a "mature" market. The real growth opportunity lay in the rest...
...Design. Massey already had a global network of distributors and assembly plants. But Thornbrough thought that M-F could make more money and keep better control of its product if it built its own manufacturing organizations around the world. In 1959 M-F took over Perkins. Ltd. of Peterborough, England, a company from which it had been buying 160,000 diesel engines a year. It quickly followed that with the purchase of the Standard Motor Co's tractor factories, in Coventry. England, and in France, then expanded into Italy, South Africa. India and Brazil. Today the company operates...
...result of Thornbrough's accent on overseas markets has been spectacular: Massey-Ferguson is now No. 1 in farm implement sales in Britain, France and Scandinavia and accounts for virtually the entire tractor market in such emerging nations as Ghana, Ceylon and Nigeria. Thornbrough has also revitalized Massey's U.S. distribution system with aggressive new dealers and installed a centralized computer control system to keep track of spare parts across the continent. M-F has climbed from seventh place in North American implement sales in 1957 to third (after Deere & Co. and International Harvester) today...
...working to acquire the tractor plant of England's Standard Motor Co. Ltd., and the diesel engine facilities of England's F. Perkins Ltd. The firm has expanded its operations in France, doubling its stockholdings in Standard-Hotchkiss, a French tractor maker, to 50%. But energetic Al Thornbrough still looks to the U.S. for the even bigger market that Massey-Ferguson must have before it can shuck all its troubles. He has purchased Mid-Western Industries of Wichita, Kans., a leader in the light industrial-equipment field, doubled the size of the Detroit tractor plant. Before long...