COMPANY·HISTORIES
SIC 3053

Gaskets, Packing and Sealing Devices

How the companies in this industry began, and the forces that shaped them.

10companies1917–1929founding years8still active2no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironment
FoundedDurametallicFoundedDurametallicFoundedThe Yokohama Rubber Co., Ltd.FoundedThe Yokohama Rubber Co., Ltd.
1917
FoundedFederal-Mogul CorporationFoundedFederal-Mogul CorporationFoundedFederal-Mogul CorporationFoundedFederal-Mogul Corporation
1924
FoundedThiokol CorporationFoundedThiokol Corporation
1929
EconomyThe stock market crashes; the Great Depression begins.
1933
EconomyNew Deal reforms reshape banking and industry.
1939
EconomyWorld War II begins; wartime production surges.
1945
EconomyThe war ends; a long postwar expansion begins.
1947
TechnologyThe transistor is invented at Bell Labs.
1956
EconomyThe Interstate Highway program remakes commerce.
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
1970
EnvironmentThe EPA is founded; environmental regulation expands.
1971
EconomyThe dollar leaves the gold standard; Nasdaq opens.
1973
EconomyThe OPEC oil embargo triggers a global shock.
1975
TechnologyThe personal-computer era begins with the Altair.
1979
EconomyA second oil crisis drives inflation higher.
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
1987
EconomyBlack Monday: markets fall 22% in a single day.
1989
EnvironmentThe Exxon Valdez spill reshapes energy and shipping rules.
1991
TechnologyThe World Wide Web is released to the public.
1993
TechnologyThe Mosaic browser brings the web to everyone.
1995
TechnologyWindows 95 launches; the internet goes mainstream.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2001
EconomyThe September 11 attacks; a recession follows.
2004
TechnologySocial media and Web 2.0 begin to take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit.
2010
EnvironmentThe Deepwater Horizon spill triggers sweeping energy rules.
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

Durametallic →
Active · founded 1917
Durametallic is a leading name in mechanical seals used on industrial pumps to prevent fluids from damaging the pumps'…
Durametallic →
Active · founded 1917
Durametallic is a leading name in mechanical seals used on industrial pumps to prevent fluids from damaging the pumps'…
The Yokohama Rubber Co., Ltd. →
Active · founded 1917 · Japan
With an estimated four percent of global tire and rubber sales in the early 1990s, The Yokohama Rubber Co., Ltd.
The Yokohama Rubber Co., Ltd. →
Active · founded 1917 · Japan
With an estimated four percent of global tire and rubber sales in the early 1990s, The Yokohama Rubber Co., Ltd.
Federal-Mogul Corporation →
Active · founded 1924
Federal-Mogul Corporation manufactures precision components for cars, trucks, and construction vehicles, marketing its…
Federal-Mogul Corporation →
Active · founded 1924
Federal-Mogul Corporation manufactures precision components for cars, trucks, and construction vehicles, marketing its…
Federal-Mogul Corporation →
Active · founded 1924
Federal-Mogul Corporation manufactures precision components for cars, trucks, and construction vehicles, marketing its…
Federal-Mogul Corporation →
Active · founded 1924
Federal-Mogul Corporation manufactures precision components for cars, trucks, and construction vehicles, marketing its…
Thiokol Corporation →
Defunct · founded 1929
Thiokol Corporation is the world's largest producer of solid rocket motors and other parts for the aerospace and…
Thiokol Corporation →
Defunct · founded 1929
Thiokol Corporation is the world's largest producer of solid rocket motors and other parts for the aerospace and…
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