Tuesday, October 17, 2006

Rand McNally turns 150

Rand McNally turns 150

By DAVE CARPENTER, AP Business Writer

SKOKIE, Ill. - As the Great Chicago Fire was ravaging the city in 1871, William Rand and Andrew McNally saved their business by burying two printing machines on the sandy Lake Michigan shore.

No such clear-cut solution emerged to preserve Rand McNally & Co.'s dominance more than a century later, when the mapmaker lost its way in the age of the Internet.

But following two ownership changes and a bankruptcy reorganization, the storied company appears to have finally regained its bearings. A sales decline has been reversed, the company says profitability is up over 30 percent since its 2003 overhaul and it is even poised to make acquisitions. ...(continue article)

No comments: