Hyatt Roller Bearing Company

Media


ca. 1920 Hyatt Roller Bearing Advertisement

I was there...

Tell us your story >

Written by Bill Bowman

Hyatt Roller Bearing Company was founded in 1892 by John Wesley Hyatt. In 1895, Alfred P. Sloan’s father, an early and important investor in Hyatt, secured a position for him as a draftsman at Hyatt’s home office in Harrison, New Jersey. Sloan had just graduated from the Massachusetts Institute of Technology. In 1901, at the age of 26, Sloan was named president of Hyatt. Under his guidance, Hyatt grew to be one of the most profitable and important bearing manufacturers. Oldsmobile was Hyatt’s first automotive customer, and the company quickly added most other automobile manufactures to its customer list.

Hyatt eventually established itself as the key bearing supplier to companies providing General Motors with automobile components from axles to transmissions. The Sloan family invested more than $50,000 in Hyatt Roller Bearing Company.

William Durant, President of General Motors sensing the importance of bringing critical parts suppliers in house acquired Hyatt in 1916 for $13.5 million, along with bearing manufacturer New Departure Manufacturing, Westom-Mott Axle, Remy Electric Company, Periman Rim Company, and Dayton Engineering Laboratories. The businesses were put under the United Motors Company name and Alfred Sloan was named its President. In 1918, General Motors acquired United Motors outright and Sloan became a GM Vice President leading to the GM President title in 1923. By 1930, the Sloan family's $50,000 investment in Hyatt Roller Bearing was worth $3.5 million in GM stock.

In 1965, General Motors merged the New Departure Division and the Hyatt Bearing Division into the New Departure-Hyatt Bearing Division.

In 1986, New Departure-Hyatt Bearing exited the commercial ball bearing business, retaining only the ultra-precision aircraft engine bearing segment.

In 1989, New Departure-Hyatt Bearing Division and Delco Moraine Division were merged to create Delco Moraine-NDH Division.

In 1992, the Delco Moraine-NDH Division merged with Delco Products and became Delco Chassis Division.

In 1993, the aircraft bearing operation was discontinued ending the era of bearing manufacture.

Today, New Departure and Hyatt are brands owned and sold by General Bearing Company of New York.

Click here to view excerpt from Delco Moraine New Departure-Hyatt Presentation booklet


Tag Cloud

1897-1909 Creation  1910-1930 Acceleration  1931-1958 Emotion  1959-1981 Revolution  1982-1999 Globalization  2000-Future Transformation  AC Spark Plug  Advertising & Marketing  Allison Engineering Company  Alternative Fuels  Alternative Materials  Alternative Propulsion  Anniversaries  Autoshows  Behind the Scenes  Beyond North America  Board of Directors  Brands & Products  Buick  Cadillac  Celebrities  Chevrolet  Color & Trim  Competitions  Concept Vehicles  Corporate Responsibility  DELCO  DELCO Electronics  Dealers & Distributors  Design  Design Centers  Detroit Diesel  Diversity  Education  Electromotive  Electronics  Emblems & Logos  Employees  Endurance  Energy Conservation  Engineering  Enthusiasts  Environment & Energy  Eras  Executives  Finance  Firsts  Fisher Body  Former Divisions  Frigidaire  GMAC  GMC  GMOO - GM Overseas Operations  GM Daewoo  HUMMER  Headquarters  Holden  Hughes Electronics  I was there...  Innovation & Technology  Innovators  Joint Ventures  LaSalle  Labor  Manufacturing  Mergers & Acquisitions  Methods & Techniques  Motorama  Oakland  Oldsmobile  OnStar  Opel  Operating Units  Pace Vehicles  Parade of Progress  People  Places  Plants  Pollution Control  Pontiac  Powertrain  Proving Grounds  Racing  Research  Retirees  Saab  Safety  Sales & Service  Saturn  Shows & Events  Specific Races  Sponsorships  Studios  Suppliers  Technical Centers  Ternstedt  The Business  Trends  United Motors  Vauxhall  World's Fairs