Dayco

{{Infobox company

| name = Dayco Incorporated

| trading_name =

| logo = Dayco-Tagline-Logo.png

| image = Dayco_Birmingham_MI_HQ.jpg

| image_size = 260px

| image_caption = Dayco World Headquarters

| founded = 1905 Dayton, Ohio, United States

| hq_location_city = Birmingham, Michigan

| hq_location_country = United States

| num_locations = 40

| area_served = Worldwide

| key_people = Craig Frohock

| industry = Manufacturing

| products =

| num_employees = 1,900

| num_employees_year = 2024

| homepage = {{url|https://www.dayco.com}}

| owner = Hidden Harbor Capital Partners

}}

Dayco Incorporated, formerly known as Dayco Products and Mark IV Industries, is an American parts supplier for construction, automotive, and industrial companies.{{cite news |last=Mattoli |first=Dana |last2=Spector |first2=Mike |title=Dayco Products Exploring Strategic Options, Including Sale |newspaper=The Wall Street Journal |location=New York |date=6 May 2015 |url=https://www.wsj.com/articles/dayco-products-exploring-strategic-options-including-sale-1430932353 |access-date=2024-05-14}} The companies annual earnings are approximately US$150 million. Its main customers include Caterpillar and General Motors.{{cite web |url=https://www.bizjournals.com/triangle/blog/techflash/2015/06/dayco-explains-closing-nc-facilities-layoffs.html |title=Dayco: Here's why we're closing N.C. facilities, laying off employees |last=Ohnesorge |first=Lauren |date=16 June 2015 |website=Triangle Business Journal |access-date=2024-05-14 |url-access=limited}}

History

Dayco was founded in 1905 as Dayton Rubber Manufacturing Co.{{cite web |url=https://www.rubbernews.com/article/20151022/NEWS/310199998/dayco-leans-on-ceo-for-stronger-operation |title=Dayco leans on CEO for stronger operation |last=McNulty |first=Mike |date=22 October 2015 |website=Rubber & Plastics News |access-date=2024-05-14 |url-access=limited}} by Col. J. C. Hooven in Ohio. The company initially made products such as garden hoses out of natural rubber. In 1908, the company hired John A. MacMillan, and began creating his product, the airless tire. The company also produced the first whitewall tires in 1913. Beginning in the early 1920s, the company entered a diversification period when it radically increased the variety of its products. Dayco would eventually make many different rubber parts, as well as some textiles. It also pioneered some synthetic rubber products, including developing the first synthetic rubber tire. The company would be a valuable supplier of military products during World War II. The company officially changed its name to the DAYCO Corporation in 1960.{{cite web|last=Bruck |first=Kate |title=DAYCO Corporation |url=http://www.libraries.wright.edu/special/collectionguides/files/ms199.pdf |archive-url=https://web.archive.org/web/20160625032010/http://www.libraries.wright.edu/special/collectionguides/files/ms199.pdf |url-status=dead |archive-date=June 25, 2016 |access-date=25 May 2016}}

==Controversies==

Dayco filed for bankruptcy protection in April 2009, and emerged from bankruptcy approximately 6 months later. It eliminated about $750 million in debt during the bankruptcy. In 2015, Dayco attracted controversy when it announced it would be closing its two Distribution Centers in North Carolina and one in Nevada. Dayco was consolidating into its Memphis, Tennessee Distribution Facility. The move attracted media attention and resulted in several hundred jobs being lost.

References

External links

{{official|https://www.dayco.com}}

Category:Automotive companies of the United States

Category:Manufacturing companies based in Michigan

Category:Manufacturing companies established in 1905

Category:1905 establishments in Ohio