Beloit Corporation began in 1858 as a foundry in the Wisconsin city of Beloit

Beloit, Wisconsin

Beloit is a city in Rock County, Wisconsin, United States. As of the 2010 census, Beloit had a population of 36,966. The greater Beloit area is home to more than 91,000 residents.-Claim to fame:...

 and ended in 2000 when it filed for bankrupty and parts of it were acquired by Metso Paper, a part of Metso Corporation. For much of its history, the trading name was Beloit Iron Works, but it became simply "Beloit Corporation" in 1962.

History

In its early phases, the business offered a variety of iron-based machinery products. It traded under the names of its founders, as Merrill and Houston Iron Works. It was bought by four of its employees in 1885 and become Beloit Iron Works.

In the 1897 and 1900 the company exported its first paper machines to Japan and China respectively.

In the last two decades of its history, the corporation was the only producer of pulp and paper machinery and systems in North America.

Acquisition by Metso

In 2000 Beloit Corporation filed for bankruptcy. Metso Paper acquired the following assets:

• The roll servicing/covering division
• The paper machine after-market business.
• Technology including patents and trademarks.