American-LaFrance-Foamite Corporation - Stock Certificate
Inv# GS5003 Stock
Stock printed by American Bank Note Company.
American LaFrance (ALF) was an American vehicle manufacturer which focused primarily on the production of fire engines, fire aerials, and emergency apparatus such as ambulance and rescue vehicles. Originally located in Elmira New York, the final iteration of the company was located in Summerville, South Carolina. It also operated a Canadian plant in Toronto, Ontario, where it sold apparatus under the name LaFrance-Foamite, until 1971.
Ward LaFrance, a unrelated competitor fire-apparatus manufacturer also based in Elmira Heights, New York, was founded by a LaFrance family member.
On 17 January 2014, the company announced the cessation of operations.
With roots dating to 1832, the American LaFrance Fire Engine Company was one of the oldest fire apparatus manufacturers in the United States. Founded in 1873 by Truxton Slocum LaFrance (and partners, including Alexander S. Diven) as the LaFrance Manufacturing Company selling hand powered equipment. A predecessor company, the International Fire Engine Company, built some steam power fire engines between 1903 and 1907. Apparatus built by International included horse drawn steamers, hose wagons, and hook & ladders to chemical engines, water towers and combinations. The American LaFrance Fire Engine Company was formed in 1903. ALF delivered its first motorized fire engine in 1907.
ALF produced a small run of passenger cars from about 1910 to 1920, totaling around 22 (with several additional 'speedsters'). None are known to still exist, but because the design was based on a Crane-Simplex chassis, several early ALF fire trucks have been converted into speedsters.
In 1927, ALF acquired the Utica based O.J. Childs company. The company had created Foamite, a liquid chemical designed to extinguish fires in extreme temperatures ranging from -15ºF to 110ºF.
In 1947, ALF introduced the 700-series fire apparatus. The 700-series was a "cab-forward" design, placing the driver ahead of the engine and providing an expansive forward view. This would become industry standard and copied by many other manufacturers. In 1959, ALF introduced the 900-series cab-forward chassis. Although it was similar to the 700 (and closely related 800-series), the 900 was an all new design with a wider cab. In addition to the 700-800-900-Series trucks, ALF produced models under the names Century, Pioneer, and Eagle.
The company suspended operations and closed the Elmira operations in 1985. A much-reduced company re-opened for operations in Bluefield, Virginia in 1986, operating through 1994.
In 1995, Freightliner LLC, a subsidiary of Daimler AG purchased the remnants of the company, yet again res-securing LaFrance. Freightliner continued to utilize American LaFrance's original nameplates and designations including the Eagle custom chassis. Many of their Liberty products were built on Freightliner LLC M2 or Sterling Acterra chassis. ALF operated additional manufacturing facilities in Ephrata, Pennsylvania, Sanford, Florida, and Hamburg, New York. In 2005 it was the fifth largest manufacturer of emergency vehicles in North America.
In December 2005, it was announced that Freightliner had transferred the ownership of American LaFrance to the New York-based investment firm, Patriarch Partners, LLC. The headquarters and main plant in Ladson, South Carolina were not included in the transaction. However, Patriarch Partners were allowed to use the plant until early 2007, when DaimlerChrysler began using the plant for assembly of the Dodge Sprinter. Under new ownership ALF relocated within the Charleston, South Carolina, area in summer 2007 to a brand new facility, including manufacturing and corporate HQ, with nearly 500,000 sq ft (50,000 m²) of total space.
On 28 January 2008, American LaFrance filed for Chapter 11 bankruptcy protection blaming problems with implementation of a new IBM enterprise resource planning (ERP) system. On 25 July 2008, the company emerged from bankruptcy with a revised business plan to transfer the firetruck body building portion of the business to the remaining Hamburg, NY, (formerly RDMurray Inc.) and Ephrata, Penn., (formerly Ladder Towers Inc.) facilities. The Summerville, SC plant continued to manufacture fire truck cab and chassis, but focused on vocational vehicles and the Condor vehicle line. In 2009, the company closed Hamburg and Ephrata attempting to consolidate operations to Summerville. On 17 January 2014, the company announced it would cease operation. Remaining assets of the company which included parts and partially completed trucks, were auctioned to pay creditors. It is still unknown, but highly unlikely American LaFrance will be openinng its doors ever again.
The North Charleston Fire Museum and Educational Center, located in North Charleston, South Carolina, is "proud to house the largest collection of professionally restored American LaFrance fire apparatus in the country". The museum has an active collection of 20 ALF vehicles, each in operating condition.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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