Word: welbilt
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...start a small manufacturing company in a renovated brick garage in a desolate area of the South Bronx. Five years later Mariotta struck up a partnership with Fred Neuberger, a mechanical engineer who as a boy had escaped Nazi persecution in Eastern Europe. The firm, then known as Welbilt Electronics, struggled to survive, winning only a few small contracts...
Then the partners discovered they were eligible for loans from the Small Business Administration to minority-owned companies. By the early 1980s Welbilt had become the beneficiary of an SBA program allowing minority firms to obtain federal contracts without competitive bidding. The once two-bit machine shop began winning million-dollar military contracts for Army smoke- grenade launchers and Navy pontoon bridges. Within a few years 95% of its business came from these "set-aside" contracts...
...signed a letter sent on behalf of the company to James E. Jenkins, who was the top aide to then Presidential Counsellor Edwin Meese. The letter, written in May 1982, just four months after Nofziger left the White House, urged Jenkins to intercede with the Army in considering the Welbilt Electronics Die Corp., later renamed Wedtech. Whether or not the letter played a role, the firm got the nonbid contract in September...
...more than quadruple :he 1952 total. One new firm, the Broil-Quik Co., grossed around $1,000,000 in 1950, its first year; by last year, sales had shot up to $10 million, and the company expects to gross between $15 million and $20 million in 1954. Welbilt Stove last year put an electric rotisserie in one of its gas ranges and sold 25,000, one eighth of its total business...
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