The entries in these blog pages are intended to provide helpful knowledge regarding vacuum gauges, vacuum instruments, gas mass flow meters, and flow controllers. But we could not pass an opportunity to celebrate an anniversary of sorts – on January 30th, 1968, Teledyne and Hastings - Raydist, Inc. announced that Teledyne would acquire the Hastings - Raydist company. According to the announcement in the Wall Street Journal, Hastings shareholders would receive one share of Teledyne stock for each 2.98 shares of Hastings – Raydist stock. So Hastings has been a part of Teledyne for 45 years…
Happy 45th birthday Teledyne Hastings Instruments!
Carol Hastings Saunders, daughter of Charles and Mary Hastings, recounts an interesting story in her book, “The Story of Hastings Raydist”. Two years prior to the acquisition of Hastings by Teledyne, Hastings was looking for an acquisition of its own to handle military contracts. The company considered Automated Specialties in Charlottesville Virginia. In 1965, Hastings began to acquire Automated Specialties by investing $100,000.But before the year was over, Automated Specialties was itself acquired by Teledyne. As a result, Hastings then held 11,948 shares of Teledyne. In late 1966, Hastings sold the shares and recognized $800,000 after taxes. Not bad on a $100K investment.
Today, Hastings Instruments is part of the Instrumentation Segment of Teledyne Technologies Incorporated (NYSE: TDY). The Instrumentation Segment provides measurement, monitoring and control instruments for marine, environmental, scientific and industrial applications. The Segment also provides power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical, harsh environments. A complete history of Teledyne is given in Dr. George A. Robert’s book, “Distant Force – A Memoir of the Teledyne Corporation and the Man Who Created It”.
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Douglas Baker used his first vacuum gauge while an undergraduate physics major at Indiana University of Pennsylvania. In graduate school at William and Mary, Teledyne Hastings vacuum gauges monitored the forelines in the vacuum systems in the atomic and molecular lab where he worked. Today, Doug is the Director of Sales & Business Development at Teledyne Hastings Instruments and he can be reached at dbaker@teledyne.com