HYATT
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General Bearing Corporation
USA
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Hyatt Roller Bearing Company was founded in 1892 by John Wesley Hyatt. In 1895, Alfred P. Sloan’s father, an early and important investor in Hyatt, secured a position for him as a draftsman at Hyatt’s home office in Harrison, New Jersey. Sloan had just graduated from the Massachusetts Institute of Technology. In 1901, at the age of 26, Sloan was named president of Hyatt. Under his guidance, Hyatt grew to be one of the most profitable and important bearing manufacturers. Oldsmobile was Hyatt’s first automotive customer, and the company quickly added most other automobile manufactures to its customer list. Hyatt eventually established itself as the key bearing supplier to companies providing General Motors with automobile components from axles to transmissions. The Sloan family invested more than $50,000 in Hyatt Roller Bearing Company. Today, New Departure and Hyatt are brands owned and sold by General Bearing Company of New York. |
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