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Corporate New England

Explore some of New England's largest corporations, in alphabetical order.

 

Of national interest

Founded in 1972 and headquartered in Washington, DC,  The Business Roundtable is an association of chief executive officers of leading corporations.  According to its web site, members head corporations with a combined workforce of more than 10 million employees and $3.5 trillion in revenues.  The executives address policy issues via the Roundtable and generally advocate a diminished role of government in business affairs and adjustments of public policies that foster "vigorous economic growth and a dynamic global economy.".

Membership in the Roundtable is by invitation.

 


According to its web site, Advanced Cell Technology, Inc. of Worcester, Massachusetts   "works in the technologies enabling the genetic manipulation of cells to produce transgenic animals for pharmaceutical protein production.  The Company is also developing transgenic cloned cells and tissues for applications in cell and organ transplant therapy." 


 

Founded by Richard Cross in 1846, the A.T. Cross Company in Lincoln, Rhode Island is known for superior pens and writing instruments.  In 1916 Cross sold the company to Walter R. Boss, whose grandsons still lead the firm.   Sales in 2000 exceeded $130 million.



Banknorth Group, Inc. headquartered in Portland, Maine is one of the country's 50 largest commercial banks with assets over $18 billion.  Its seven affiliate banks are: 

Maine's Peoples Heritage Bank, the Bank of New Hampshire, the First Massachusetts Bank, Evergreen Bank in  upstate New York and Franklin Lamoille Bank, First Vermont Bank and Howard Bank in Vermont.


 

Vermont's Chittenden Corporation  in Burlington has a network of almost a hundred offices in Vermont, Massachusetts New Hampshire. They operate the Chittenden Bank in Burlington, The Bank of Western Massachusetts in Springfield, Flagship Bank in Worcester, First Savings of New Hampshire in Exeter, Pomerleau Insurance also in Burlington, Credit Union Mortgage Exchange in Lexington, Massachusetts, Chittenden Securities, Inc., Mortgage Service Center of New England in Brattleboro and the Maine Bank & Trust Co. in Portland, Maine. 


Citizens Bank is New England's second largest commercial bank with over 300 branches in Connecticut, Massachusetts, New Hampshire and Rhode Island.  Headquartered in Providence, Rhode Island, the bank is a wholly owned subsidiary of The Royal Bank of Scotland Group. Characteristic of an aggressive growth strategy, they recently announced plans to purchase Mellon Bank's retail and business banking presence on the East Coast.   When completed, Citizens will have over 700 branch offices and be one of the nation's largest bank holding companies.   The bank has a long tradition of supporting local and regional non profit organizations and involvement in community projects.


Since 1982 Citizens Funds' of Portsmouth, N.H.  has concentrated in investments in companies that are socially responsible, believing that corporations that are good citizens tend also to be solid, well run businesses.    Among the things they consider in making an investment decision are a company's financial strength, environmental record, employee relations and the level and nature of its community involvement. 


CVS Corporation in Woonsocket, Rhode Island is the largest retail provider of prescription drugs in the nation.  Around 12% of every filled prescription filled in the country is done at one of CVS's 4,1000 pharmacies. Listed on the New York Stock Exchange (CVS) the company anticipates revenue of $20 billion in 2001.  


Fairchild Semiconductor Corporation in South Portland, Maine is focused on five business units: the Interface & Logic Group in South Portland, the Discrete Power and Signal Technologies Group in San Jose, California, the Power Device business in Puchon, South Korea, the Analog & Mixed Signal Group in West Jordan, Utah and the Optoelectronics Group in San Jose, California.  The South Portland site has continuously manufactured semiconductors longer than any facility in the world.  It has 11,000 employees, world wide.  Sales in 2000 were $1.7 billion


Fisher Scientific International Inc. in Hampton, New Hampshire provides thousands of products and services to research, healthcare, industrial, educational and government markets in 145 countries with over 350,000 customers.  Founded in Pittsburgh by Chester Garfield Fisher in 1902, in 2000 it has sales of $2.62 billion.  The Fisher Catalog, published for more than 90 years, has 2,656 pages with 3,000 new products and is considered an industry standard.  Sales in 2000 were over $2.5 billion. 


FleetBoston Financial Corporation is the nation's seventh-largest financial holding company, with assets exceeding $200 billion. Headquartered in Boston, the company has 22 million customers in more than 20 countries.  The largest retail banking franchise in the Northeast, it has nearly 1,700 branches and 3,800 ATMs that serve six million households and nearly a half-million small businesses from Maine to Pennsylvania. 


Foliage Software Systems Foliage Software Systems of Burlington, Massachusetts provides software engineering solutions for a wide array of businesses and industries with an emphasis on financial services, semiconductors, medical applications and aviation.  Of note for today's high technology sectors, the company's team  of system architects, engineers, project managers and quality assurance experts are have had the benefit of the same management since it was founded in 1991. They also boast of an employee retention rate of over 95 percent, another variance to the expected norm.


General Electric Company headquartered in Stamford, Connecticut is a diversified services, technology and manufacturing company with a commitment to achieving that operates in more than 100 countries and employs 313,000 people worldwide.   The company can be said to be one of Thomas Edison's inventions when started the  Edison Electric Company in 1878, a precursor to today's GE.

In 2000 GE had revenues of $53.0 billion from its many businesses that include world's largest producer of large and small jet engines for commercial and military aircraft and NBC broadcasting.


The Gillette Company headquartered in Boston, is one of the leading makers and marketers of consumer products on the planet.  The company estimates that every day more than one billion people use its products.  Among its products include razors, toothbrushes, batteries and health care appliances.   Recent annual sales were over $9 billion and the company reports is has 35, 000 employees world wide.


John Hancock Financial Services, Inc., headquartered in Boston, was founded in 1862.  A financial service company, its 8,000 employees had management of $125 billion in assets at the end of 2000 with net life insurance in force of $265 billion.


Hasbro Corporation in Pawtucket, Rhode Island is a world leader in providing children's and family leisure time and entertainment products and services.  Among its better known products and lines include Tonka Toys (Tonka®), Super Soaker®, Milton Bradley®, Parker Brothers®, Mr. Potato Head™, G.I. Joe®, Easy-Bake® Oven, Scrabble® and Monopoly®.  For the first half 2001 the company reported worldwide net revenues of  $974.3 million.


IDX Systems Corporation, headquartered in Burlington, Vermont, is a leader in providing information technology for the healthcare industry.  Serving organizations of all types and sizes-from individual physicians and medical groups to hospitals and regional medical centers-products include electronic medical records, practice management systems, acute care systems, imaging, transcription and connectivity services. 


I-many, Inc. of Portland, Maine is the leader in providing software and Internet-based contract management solutions and related professional services.  The company's software is used by 8 of the largest 10 healthcare manufacturers in the world and leading consumer goods companies. The company estimates that its solutions help manage more than $55 billion in contracted commerce per year. 



International Paper Company, headquartered at International Paper Plaza in Stamford, Connecticut the world's largest paper and wood products company.  Founded in 1898, among its holding include 15 nurseries, making it also the world's largest seedling company.  They plant over 500 million seedlings yearly and in 2000 they reported annual sales 28 billion dollars.


New England Biolabs, Inc. was founded in the mid-1970s as a cooperative laboratory composed of experienced scientists in Beverly, MA.  It is a world leader in the production of restriction endonucleases and other related products for molecular biology research.  The company also involved in the rapidly expanding field of protein modification. 


What do the Tivoli Gardens in Denmark, Churchill Downs Race Course, the government of Costa Rica, the New York City Transit Authority and Lawrence Livermore National Laboratories have in common?  Each has been a customer of Perey Turnstiles, INC. of Milford, CT.  The company manufactures turnstiles, gates, railing, pedestrian control and security systems and other devices that allow for the orderly process of large numbers of people in a relatively small area.  They've been a leader in this field since 1913.  The site includes photographs of the kinds of turnstiles they produce and others of a more historic nature.

 


In 1937 Edwin H. Land formed the Polaroid Corporation in Boston.  A few years later he moved the company across the Charles to Cambridge where it is headquartered today. Land invented the first synthetic sheet polarizer leading to photographic filters, sunglasses, desk lamps and glare-reducing windows for planes but it was the introduction of instant photography in 1947 that gave the company wide recognition.  

 


Raytheon Company was founded in 1922 in Cambridge, Massachusetts as the American Appliance Company.  Today Raytheon is an industrial leader with customers in more than 80 countries.  Business sectors include defense and commercial electronics, business and special mission aircraft, ground based air defense missile systems, command and control systems, air traffic control systems and satellite communications. The company had $16 Billion in sales in 2000 and 93,000 employees.


The long awaited Segway™ Human Transporter (HT), also called "Ginger" was formally introduced to a waiting world in Manchester, New Hampshire on December 3, 2001.   Invented by Dean Kaman and according to the site, it can go up to 12 miles an hour on two wheels that are controlled by a rider's sight change in body movements.  Ginger is said to "anticipate" what a rider wants to do and does it.  Kaman's company site, Segway, LLC has the latest on the device with photographs and they are not modest in their expectations...."the first enhancement to personal travel that fully integrates the user in the pedestrian world."   Not the only product of this company, but of late, the most prominent.  

 


     Southern New England Telephone is the key telecommunications provider for Connecticut and other areas of New England.  Offering a broad range of services for business and residential customers, the company is owned by SBC Communications Inc. of Texas. 


The Mission Statement for Staples, Inc. is simple and clear cut. 
Slashing the cost and hassle of running your office!
Our vision is supported by our core values: C.A.R.E. 
Customers- Value every customer
Associates- Support them as valuable resources
Real Communications-share information with people when they need it
Execution- achieve our business goals

And it seems to have been followed.  The $11 billion retailer of office supplies, business services, furniture and technology has over 1,300 stores in this country, Canada, the United Kingdom, Germany, the Netherlands and Portugal and more than 50,000 employees.  The company is headquartered in
Framingham, Massachusetts and claims to be the largest operators of office superstores in the world.  We have no reason to doubt them. 


Stop & Shop goes back to 1914 when the Rabinovitz family started a grocery store called the Economy Grocery Stores Company in Somerville, Massachusetts. A few years later they introduced the concept of self-service grocery shopping, giving birth to what we know as the supermarket.

Shedding its name for Stop & Shop, Inc. in 1946, the company is the largest food retailer in New England with more that 41,000 employees who work in 318 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey.  Still headquartered in Quincy, Massachusetts, in 1996 the company became a wholly owned subsidiary of Royal Ahold NV that is itself the world's fourth largest food retailer with annual sales of $35 billion.  


 

 

There are no subways in Connecticut except for a corporate one. SUBWAY's World Headquarters is in Milford, Connecticut and the company just surpassed McDonalds in the total number of restaurants world wide.  Begun in 1965 by Fred DeLuca and Dr. Peter Buck-the site includes a grand history on how they got started-for its first decade they operated exclusively in Connecticut. In the 1970s they began offering franchise opportunities that hit a responsive cord.  Today  SUBWAY food is served in 74 countries at over 15,000 outlets.  Still privately held, the site highlights the company's community and chartable work, nutritional information, a restaurant locator, job opportunities and information on opening a SUBWAY outlet.   

 


 

Textron Inc. is headquartered in Providence, R.I. and ranks 154th on the FORTUNE 500.   Founded in 1923, the company has revenues of $13 billion and 68,000 employees around the globe.  Core manufacturing activities include helicopters, light and mid-size jets, aircraft engines, automotive components, fasteners and related systems.  They also provide commercial financial services and have followed an aggressive expansion strategy with the purchase of 11 other companies in  2000.  

 


 

 

Tosco Corporation of Old Greenwich, Connecticut is the largest independent oil refiner and marketer of petroleum products in the United States. Annualized revenues exceed $23 billion with a refining system capacity to produce approximately 1.35 million barrels per day of petroleum products.  Its retail division is the nation's largest operator of company-controlled convenience stores, selling more than 6 billion gallons of fuels, under the brand names "76" and the "Exxon" and "Mobil" in the Northeast.  The company owns 2,200 retail outlets, controls  1,800 dealer-operated retail outlets and has agreement with 2,200 other independently owned retail outlets and 300 franchised outlets. 


The Timberland Company of Stratham, New Hampshire designs, engineers and markets premium quality footwear, apparel and accessories.  Brands include Timberland®, Mountain Athletics™ by Timberland and Timberland PRO™ series sub-brands.  Founded by Nathan Swartz under prior corporate names in the early fifties, Timberland became the company's name in 1978 and is still largely owned and operated by the Swartz family.   Sales in 2000 were in excess of $ 1 billion.


TJX Cos Inc. headquartered in Framingham, Massachusetts is a world leader in offering off-price apparel and home fashions with T.J. Maxx, Marshalls and A.J. Wright chains in the United States, the Winners chain in Canada and T.K. Maxx chain in the United Kingdom.  Its 1,300 stores generated over $9 billion in sales last year and the company has in excess of 70,000 employees. 


United Natural Foods, Inc. of Dayville, Connecticut is the largest publicly traded wholesale distributor to the natural and organic foods
industry. With a product selection of more than 30,000
SKUs, the Company is the primary supplier to over 6,500
customers in 47 states through its eleven distribution
centers. United serves a wide variety of retail formats,
including conventional supermarket chains, natural product
superstores, and independent health food stores.


United Technologies, Hartford Connecticut has holdings that include Pratt & Whitney aircraft engines, Carrier heating and air-conditioning systems, Otis elevators and escalators, Hamilton Sundstrand aerospace and industrial systems, Sikorsky helicopters and International Fuel Cells. The 64th largest U.S. corporation and the 155th in the world, it has over 150,000 employees, over half working outside the United States.  In 2000 it had revenues of $26.6 billion, net income of $1.8 billion and assets of just over $25 billion.


World Wrestling Entertainment Inc. is what they call themselves now and the name seems to fit both the company and the site.  

 

Headquartered in Stamford, Connecticut (if you miss the building on I-95 you need glasses) the site has news on upcoming bouts, things to buy (they sell tee shirts by the truck load) and pictures of the athletes in action.  

 

Overall, we'll just say the site is not low-keyed, and leave it at that.

 


The Xerox Corporation of Stamford, Connecticut produces and sells an array of services and systems to create, reproduce and distribute documents.   Employing 92,500 people worldwide, including 50,000 in the United States, in 2000 the company reported revenues of $18.7 billion.

 A company in New London, Connecticut unabashedly promoting the people, communities, organizations and independent businesses of the real New England.

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