25 of the Oldest Active Companies in the United States
Check out the companies that give serious meaning to the words "staying power."
Most startups fail. It's hard to create the sort of capital you need to start a business and hard to create the necessary revenue to sustain and grow.
But, it's even harder to stay relevant as time goes along. Radio replaced some of newspapers' popularity, then T.V. replaced radio, then the internet replaced T.V., and the internet will probably be replaced some day by a new technology we haven't even considered yet. That's just how the world of business seems to go.
That's why we have to stop and appreciate the rare companies on this list who have been able to change and adapt through centuries without missing a beat. Consider this: The youngest company on this list is almost 200, and the oldest is 163 years older than the Declaration of Independence. And they're still going strong! That's the sort of legacy every entrepreneur dreams about.
Start the slideshow to see some of the oldest existing companies in America.
West of the Mississippi: Rose Law Firm of Little RockRose Law Firm is the youngest business on this list (though not by much), but that's in large part because states west of the Mississippi River hadn't been colonized yet. Look at Rose Law Firm -- founded in 1820, the law firm is actually older than the state that surrounds it, as Arkansas was inducted into the Union in 1836.
Clothing: Brooks Brothers founded in 1818When Henry Sands Brooks opened his first store, H. & D. H. Brooks & Co. in Manhattan, on April 7, 1818, Mississippi had only recently been added as the 20th state in the Union.
Flowers: Breck's founded in 1818Founded the same year as Brooks Brothers, Breck's started as a family-owned garden supply but has transformed over the years and now claims to be the largest U.S. importer of Dutch flower bulbs.
Firearms: Remington founded in 1816In 1816, the same year that Eliphalet Remington II built his first hand-built rifle, James Monroe was elected as America's fifth president. Since then, the Remington brand has become one of the biggest gun manufacturers in the world.
Pottery: Louisville Stoneware founded in 1815In the same year that Jacob Lewis established the Lewis Pottery on the edge of the Ohio River, Napoleon Bonaparte was exiled to the island of St. Helena, ending the Napoleonic Wars. While Lewis Pottery has changed hands over the years, it still produces stoneware on the edge of the Ohio River.
Publishing: Wiley founded in 1807
In 1807, the business was a single print shop that Charles Wiley opened in Manhattan. Today, John Wiley & Sons, Inc. is a billion-dollar business, having published works by the likes of Edgar Allen Poe and Washington Irving.
Starches, soaps and candles: Colgate founded in 1806William Colgate opened the starch, soap and candle factory in New York City in 1806 when he was just 23 years old. Since then, he and his family have grown the business into the multinational corporation it is today.
Chemicals: DuPont founded in 1802E.I. du Pont and his family fled to America from France in 1799 due to the wild political climate of the French Revolution. Three years later, on July 19, 1802, du Pont broke ground on his first powder mills in Delaware, which he kept until he died. The company, which originally sold explosive powder, has grown with every passing year and is now an S&P 100 component.
Paper: Crane & Co. founded in 1801The first Crane & Co. paper mill had a daily output of 2,500 pages of paper per day. Now, the former family business is printing money -- literally. Crane & Co. has supplied the United States Treasury with its currency paper since 1879.
Jewelry: Shreve, Crump & Low founded in 1796Silversmith John McFarlane opened his workshop in Boston in 1796 at 51 Old Marlborough Street in Boston -- across from Paul Revere's silversmith shop. Today, the company makes all sorts of jewelry and luxury goods including the Davis Cup and Cy Young Award.
Almanacs: Old Farmer's Almanac founded in 1792The Old Farmer's Almanac, first edited and founded by Robert B. Thomas in 1792, has earned its name the hard way -- the word "Old" was added to the title in 1832, 40 years after the first edition was printed. Since then, the almanac has printed every year except for 1943 to 1945 (due to World War II legislation) and now publishes four editions per year.
Stocks: New York Stock Exchange founded in 1792The New York Stock Exchange began on May 17, 1792, when 24 stockbrokers signed the Buttonwood Agreement on Wall Street. Now, almost 225 later, the New York Stock Exchange sees over a hundred billion dollars' worth of trades on a daily basis.
Law: Cadwalader, Wickersham & Taft founded in 1792Cadwalader, Wickersham & Taft was founded in the same year as the New York Stock Exchange. In the same city. Even the same street (Wall Street)! Like the New York Stock Exchange, Cadwalader has undergone massive growth since then and is now one of the richest law firms in America.
Baking: King Arthur Flour founded in 1790
When Henry Wood began importing European flour to Long Wharf in Boston in 1790, we're pretty sure King Arthur and his Knights of the Round Table were still ruling England (really it was King George III, but it's impressive either way).
Banking: The Bank of New York Mellon founded in 1784How old is the Bank of New York? Old enough that some guy named Alexander Hamilton wrote its Constitution, just months after British forces left U.S. soil. Five years later, in 1789, Hamilton became the first United States Secretary of the Treasury.
Distilling: Laird & Company founded in 1780In 1780, Robert Laird (who served in the Continental Army under George Washington) and his commercial distillery in Scobeyville, New Jersy, earned License No. 1 from the U.S. Department of the Treasury.
Chocolates and sweets: Baker's founded in 1765
Originally called "Hannan's Best Chocolate" and run by John Hannon in Dorchester, Mass., the chocolate shop first changed hands when Hannan took a trip to the West Indies and never returned (it was easier than getting a divorce at the time, apparently). His wife sold the company to Dr. James Baker in 1780, who changed the name to Baker Chocolate Company.
Today, the Baker Chocolate Company is owned by Mondelez International.
Newspapers: The Hartford Courant founded in 1764You know the Hartford Courant has been around a while because it was founded at a time when "courant" was still a popular word for a newspaper. However, that branding seems to have worked -- the Courant is still the largest daily newspaper in Connecticut.
Apothecary: Caswell-Massey founded in 1752Best known for its fragrances, Casswell-Massey was founded in 1752 by Dr. William Hunter in Newport, R.I. The same year, Benjamin Franklin made his famous lightning conductor, kite-flying experiment and the Liberty Bell arrived in Philadelphia.
Tools and transmission: The Rowland Company founded in 1732A business that got its start by selling shovels in 1732, the nearly 300-year-old company now creates some more complex tools like gearboxes, brakes and crane control systems. On its website (another more complex thing), The Rowland Company boasts that it is the oldest continuing company in Pennsylvania.
Stone carving: The John Stevens Shop founded in 1705
Now, we're getting into some serious history. The John Stevens Shop (like Caswell-Massey, founded in Newport, R.I.) is one of four bussinesses on this list that has been around for three centuries, and it's worked on some pretty significant works of stone art like the Martin Luther King, Jr. Memorial in Washington, D.C. and the Pacific Arch of the National World War II Memorial.