plastics founder almon farrel headquarters ansonia connecticut united states number of employees 300 website http www.farrel.com the farrel corporation is an american manufacturing company based in ansonia connecticut . today they manufacture process equipment for the plastics industry and employ roughly 300 people . 1 contents 1 history 2 references 3 pictures 4 external links history edit farrel was founded in 1848 as a foundry by almon farrel . during the american civil war they produced bayonets and cannon barrels . in 1927 farrel foundry merged with birmingham iron foundry of derby connecticut . during the 1920s farrel birmingham began creating gears for use in us navy propulsion systems in buffalo new york . 2 in 1941 the navy contracted with farrel birmingham and general motors to begin manufacturing a rapid reversal gear system that would allow vessels to reverse engines without first slowing down . in 1942 farrel birmingham received the e award from the navy for their efforts . 3 in 1963 farrel birmingham adopted the current name of farrel corporation and began manufacturing process equipment for plastic plants . during the 1970s and 1980s farrel went through several owners . 4 in 1986 a group of private equity investors including rolf liebergesell charles s. jones and alberto shaio acquired the company from emhart corporation which later merged with black & decker for 1.0 million plus assumption of debt . at the ceo s direction charles s. jones s firm divested the roll grinder products division the railroad products division the steel extrusion division and a 25 % equity stake in the italian pomini enterprise . then farrel under liebergesell s direction focused exclusively on its core operations of plastic and rubber equipment . by 1991 under the leadership of al shaio head of sales revenue doubled to 105 million with 5.4 million in operating income . 5 in 1992 charles s. jones led farrel s ipo on nasdaq underwritten by paine webber and first albany for a pre money valuation of 52.1 million giving the original investors a 52.1 x return in less than six years with an irr of 92.1 % . following the acquisition charles s. jones led the acquisition of farrel s major competitors including rockstedt ohg in germany francis shaw rubber machinery ltd. and prc fabrications ltd in the united kingdom and skinner engine in erie pennsylvania . in 2009 farrel was acquired by the hf machinery group division of l. possehl & co. of l beck germany . today the company is led by alberto shaio who was part of the initial investor group . references edit farrel corporation company profile . manta . retrieved 2007 10 11 . farrel company records finding aid . archives & special collections at the thomas j. dodd research center university of connecticut . retrieved 2007 10 11 . plant 5 farrel birmingham and the rapid reverse engine . the buffalo history works . retrieved 2007 10 11 . history of the farrel corporation . farrel corporation . retrieved 2007 10 11 . fact finding.org pdf . pictures edit farrel foundry ansonia ct external links edit farrel corporation official website fact finding.org s 1 filing retrieved from https en.wikipedia.org w index.php title farrel corporation & oldid 728799240 categories companies based in new haven county connecticutcompanies established in 1848 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 7 july 2016 at 18 50 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view