It was 50 years ago to the day (January 1, 1965) that ALCO Products Inc. officially became a wholly-owned subsidiary of the Worthington Corp. No longer in control of its own destiny, ALCO's fate now lay completely in the hands of others.
It was the beginning of the end some would say.
In just under two years, Worthington would go on to merge with Studebaker resulting in the creation of Studebaker-Worthington Inc. With the die now cast, the final chapter for ALCO was unfolding rapidly.
A shake-up of S-W Inc. corporate officials soon followed. And in an executive boardroom far removed from Schenectady, the fateful decision to terminate locomotive production was made.
Despite the valiant efforts of Union, NY State and Schenectady officials, there would be no stay of execution for ALCO.
JR
It was the beginning of the end some would say.
In just under two years, Worthington would go on to merge with Studebaker resulting in the creation of Studebaker-Worthington Inc. With the die now cast, the final chapter for ALCO was unfolding rapidly.
A shake-up of S-W Inc. corporate officials soon followed. And in an executive boardroom far removed from Schenectady, the fateful decision to terminate locomotive production was made.
Despite the valiant efforts of Union, NY State and Schenectady officials, there would be no stay of execution for ALCO.
JR