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#131
08-06-2011, 11:51 AM
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It probably was, but I wouldn't place a bet on any particular date. I did a search and found articles with conflicting dates on both the Estes and Centuri purchases. Articles had Estes purchased in 1969, 1970, and 1971, with 69 being the most referenced year. Some articles said Centuri "merged" with Estes in 1976, not even mentioning Damon. Others said the purchase was earlier. CenturiGuy made a post showing that even Lee didn't know for sure, but Betty probably nailed it down. Quote:
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I love sanding. 
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#132
08-07-2011, 12:25 PM
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Was hoping this was for a new, as of yet unannounced, kit. Oh well, at least Estes has become exciting to watch once again.
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DRM - Exposing the Keeping It Real Fakers
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#133
08-07-2011, 02:08 PM
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I still think the mystery box is a good idea! I'd buy at least a couple a year!
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You are only limited by your imagination...... Ryan Leach NAR# 87642 SAM #216 SoJARS NAR Section 593 Aerospace Education Officer X-15 FANATIC
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#134
08-07-2011, 06:59 PM
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Pretty sure that Lee has stated he was first approached to sell Centuri to Damon at the NARAM in Houston in 1970. I think the deal was finalized by early the next year and I believe there was a small mention about it at the annual hobby show in Feb. '71 (I think there was a small burb in Model Rocketry magazine to that effect in the issue that covered the hobby show that year). The Estes/Damon purchase did happen in September, 1969. As to why the former was no where near as publicized as the latter I'm not sure. Earl
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Earl L. Cagle, Jr. NAR# 29523 TRA# 962 SAM# 73 Owner/Producer Point 39 Productions Rocket-Brained Since 1970
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#135
08-07-2011, 07:59 PM
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Yeah, I think Jay pretty much got the approach/finalization timeline ironed out, but it's a little funny that Lee didn't remember off the top of his head considering the sale probably netted him some considerable cash for the time.
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I love sanding.
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#136
08-07-2011, 08:24 PM
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Damon Aquisition of Centuri--MRM Reference
I did some quick checking in some of my Model Rocketry magazine back issues to check my reference in my previous post about the Centuri/Damon announcement. Here's the reference for at least one mention of the Damon aquisition of Centuri.
Model Rocketry magazine, April/May 1971 issue, page 10 (article entitled "New Products at the 1971 HIAA Trade Show", second paragraph): "The biggest news of the show, however, was the announcement of another meger in the model rocket field. Just before the show opened, the Damon Corporation completed the final details of their aquisition of Centuri Engeineering and Vashon Industries as well as the Centuri subsidary Enerjet. Damon already owns Estes Industries. Initial information indicates that all three companies will continue to operate indeependently of each other, with each reatining its own product line." The article does not give a specific February date for the trade show, except that it was held in 'early February'. So, it would appear from contemporary reports of the day that Damon 'finalized' their deal for Centuri in early February, 1971 (first week maybe?) having initiated their original offer apparently at NARAM in Houston the prior August, 1970. Earl
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Earl L. Cagle, Jr. NAR# 29523 TRA# 962 SAM# 73 Owner/Producer Point 39 Productions Rocket-Brained Since 1970
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#137
08-07-2011, 10:59 PM
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What bothers me is that back then I read those magazines cover to cover, every day. And I completely missed that!!!
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Roy nar12605
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#138
08-08-2011, 08:03 AM
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The later references to the Estes and Centuri "merger" may be associated with whatever was done to make Estes 'owned by' Centuri. Centuri Corp owned Estes even though most average people had no idea. And, of course, Damon owned Centuri Corp.
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-Fred Shecter NAR 20117 (L2) Southern California Rocket Association, NAR Section 430
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#139
08-08-2011, 04:27 PM
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It was at the manufacturers forum Saturday night. Bill
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It is well past time to Drill, Baby, Drill! If your June, July, August and September was like this, you might just hate summer too... Please unload your question before you ask it unless you have a concealed harry permit. : countdown begin cr dup . 1- ?dup 0= until cr ." Launch!" cr ; Give a man a rocket and he will fly for a day; teach him to build and he will spend the rest of his days sanding...
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#140
08-08-2011, 08:45 PM
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Knew you'd like that. I saw it the first day I was there but it was gone when I went back to get a picture. Glad Bill got one......
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Don NAR 53455 "Carpe Diem"
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At first Lee said 1970, but we had some difficulty nailing down if he stayed on as President for 5 years or only 3. After talking with Lee and Betty at NARCON last year, they basically confirmed that it took *about* 8 months or so to settle things after Lee was first approached by an attorney representing Damon (while Lee was at the Johnson Space Center, IIRC). Hope this helps. Cheers,
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