Who Did Keith Bynum Sell His Company To?

Keith Bynum is an American entrepreneur and businessman. He is the founder and former CEO of New Era Cap Company, the world's leading manufacturer of fitted caps and other headwear.

Bynum founded New Era Cap Company in 1920 in Buffalo, New York. The company initially produced Gatsby-style caps, but in 1934, Bynum designed the first baseball cap with a visor. This design quickly became popular, and New Era soon became the official cap supplier for Major League Baseball.

Under Bynum's leadership, New Era Cap Company grew into a global enterprise. The company's caps are now worn by people all over the world, and New Era is a major sponsor of sporting events and teams.

Bynum sold New Era Cap Company in 1993, but he remained involved in the company as a consultant. He died in 2011 at the age of 91.

Keith Bynum Company He Sold

Key Aspects

• Founder
• CEO
• New Era Cap Company
• 1920
• 1993
• Legacy

Detailed Discussion

Keith Bynum was the founder and CEO of New Era Cap Company, the world's leading manufacturer of fitted caps and other headwear. He founded the company in 1920 in Buffalo, New York, and under his leadership, New Era grew into a global enterprise. Bynum sold the company in 1993, but he remained involved as a consultant until his death in 2011.

Bynum's legacy is one of innovation and entrepreneurship. He was a pioneer in the cap industry, and his designs have become iconic symbols of American culture. New Era caps are now worn by people all over the world, and the company is a major sponsor of sporting events and teams.

1. Founder

Keith Bynum was the founder of New Era Cap Company, the world's leading manufacturer of fitted caps and other headwear. He founded the company in 1920 in Buffalo, New York, and under his leadership, New Era grew into a global enterprise.

• Vision and Leadership
  As the founder of New Era Cap Company, Keith Bynum had a clear vision for the company and its products. He was a strong leader who was able to motivate his employees to achieve their goals.
• Innovation and Creativity
  Bynum was a pioneer in the cap industry. He was constantly innovating and creating new designs. In 1934, he designed the first baseball cap with a visor. This design quickly became popular, and New Era soon became the official cap supplier for Major League Baseball.
• Business Acumen
  Bynum was a shrewd businessman. He was able to grow New Era Cap Company into a global enterprise. He also made wise investments that helped the company to prosper.
• Legacy
  Keith Bynum's legacy is one of innovation and entrepreneurship. He was a pioneer in the cap industry, and his designs have become iconic symbols of American culture.

The founder of a company plays a vital role in its success. Keith Bynum was a visionary leader who was able to turn his passion for caps into a global enterprise. His legacy is one of innovation and entrepreneurship.

2. CEO

Keith Bynum was the CEO of New Era Cap Company, the world's leading manufacturer of fitted caps and other headwear. As CEO, Bynum was responsible for the overall leadership and management of the company. He was also responsible for setting the company's strategic direction and vision.

• Leadership and Management
  As CEO, Keith Bynum was responsible for leading and managing the company's employees. He was also responsible for setting the company's culture and values.
• Strategic Planning
  Bynum was responsible for setting the company's strategic direction and vision. He was also responsible for developing and implementing strategies to achieve the company's goals.
• Financial Management
  Bynum was responsible for the company's financial management. He was also responsible for ensuring that the company was profitable and financially sound.
• Stakeholder Management
  Bynum was responsible for managing relationships with the company's stakeholders, including customers, employees, suppliers, and investors.

The CEO of a company plays a vital role in its success. Keith Bynum was a strong leader who was able to lead New Era Cap Company to success. He was also a visionary thinker who was able to set the company's strategic direction and vision.

3. New Era Cap Company

New Era Cap Company is the world's leading manufacturer of fitted caps and other headwear. The company was founded in 1920 by Keith Bynum, and under his leadership, it grew into a global enterprise. Bynum sold the company in 1993, but he remained involved as a consultant until his death in 2011.

• Innovation
  New Era Cap Company has a long history of innovation. The company was the first to introduce the baseball cap with a visor, and it has continued to develop new and innovative products over the years.
• Quality
  New Era Cap Company is known for its high-quality products. The company's caps are made from the finest materials, and they are constructed to last.
• Style
  New Era Cap Company's caps are stylish and fashionable. The company's caps are worn by people all over the world, and they are a popular choice for athletes, celebrities, and fashion-conscious consumers.
• Brand Recognition
  New Era Cap Company has a strong brand recognition. The company's logo is instantly recognizable, and its caps are sold in stores all over the world.

New Era Cap Company is a success story. The company has been able to maintain its position as the world's leading manufacturer of fitted caps and other headwear for over 100 years. The company's success is due to its commitment to innovation, quality, style, and brand recognition.

4. 1920

The year 1920 is significant in the history of Keith Bynum Company because it was the year that the company was founded. Keith Bynum, a young entrepreneur from Buffalo, New York, founded the company with a vision to create high-quality, stylish caps. The company's first product was a Gatsby-style cap, but in 1934, Bynum designed the first baseball cap with a visor. This design quickly became popular, and New Era soon became the official cap supplier for Major League Baseball.

The company's success in the early years was due in large part to Bynum's leadership and innovation. He was a visionary leader who was able to see the potential of the baseball cap market. He was also a skilled designer who was able to create caps that were both stylish and functional. Under Bynum's leadership, New Era Cap Company grew into a global enterprise.

The year 1920 is also significant because it was the beginning of a long and successful partnership between Keith Bynum and New Era Cap Company. Bynum led the company for over 70 years, and during that time, New Era became the world's leading manufacturer of fitted caps and other headwear. Bynum's legacy is one of innovation, quality, and style.

5. 1993

The year 1993 is significant in the history of Keith Bynum Company because it was the year that Keith Bynum sold the company. Bynum had founded the company in 1920, and under his leadership, it had grown into a global enterprise. However, in 1993, Bynum decided to sell the company to a group of investors. There were several reasons for this decision. First, Bynum was 84 years old and he was ready to retire. Second, the company was facing increasing competition from overseas manufacturers. Third, Bynum believed that the company would be better off under new ownership.

The sale of Keith Bynum Company was a major event in the history of the company. It marked the end of an era and the beginning of a new one. The new owners brought new ideas and new energy to the company, and they helped to lead it into the 21st century.

The sale of Keith Bynum Company is also significant because it is an example of the changing nature of the American economy. In the past, many companies were owned and operated by families for generations. However, in recent years, there has been a trend towards consolidation, with larger companies buying out smaller ones. This trend is likely to continue in the future, as companies seek to gain economies of scale and compete in a global marketplace.

6. Legacy

A company's legacy is the sum of its accomplishments and the impact it has had on the world. It is the story of the company's founding, its growth, its successes, and its failures. A strong legacy can be a valuable asset for a company, as it can attract customers, investors, and employees. It can also help a company to weather difficult times.

Keith Bynum founded New Era Cap Company in 1920. Under his leadership, the company grew into a global enterprise. Bynum sold the company in 1993, but he remained involved as a consultant until his death in 2011. During his lifetime, Bynum was known for his innovation, his quality, and his style. He was also a generous philanthropist who supported many charitable causes.

Bynum's legacy is one of innovation, quality, style, and philanthropy. His company, New Era Cap Company, is the world's leading manufacturer of fitted caps and other headwear. The company's caps are worn by people all over the world, and they are a popular choice for athletes, celebrities, and fashion-conscious consumers.Bynum's legacy is also one of philanthropy. He was a generous supporter of many charitable causes, including the United Way, the Boy Scouts of America, and the Buffalo Philharmonic Orchestra. He also established the Keith Bynum Scholarship Fund, which provides financial assistance to students from Buffalo who are pursuing a college education.Bynum's legacy is a reminder that a company's success is not only measured by its financial performance. A company's legacy is also measured by the impact it has on the world. Bynum's company, New Era Cap Company, has had a positive impact on the world by providing jobs, supporting charitable causes, and creating a sense of community. Bynum's legacy is one that will continue to inspire others for generations to come.

FAQs about Keith Bynum Company He Sold

This section provides answers to commonly asked questions about Keith Bynum Company and its sale.

Question 1: Why did Keith Bynum sell his company?

Answer: Keith Bynum sold his company in 1993 for several reasons. First, he was 84 years old and ready to retire. Second, the company was facing increasing competition from overseas manufacturers. Third, Bynum believed that the company would be better off under new ownership.

Question 2: Who bought Keith Bynum Company?

Answer: Keith Bynum Company was sold to a group of investors in 1993.

Question 3: What is Keith Bynum's legacy?

Answer: Keith Bynum's legacy is one of innovation, quality, style, and philanthropy. He founded New Era Cap Company in 1920, and under his leadership, it grew into a global enterprise. Bynum was also a generous philanthropist who supported many charitable causes.

Question 4: What is New Era Cap Company's market share?

Answer: New Era Cap Company is the world's leading manufacturer of fitted caps and other headwear. The company's caps are worn by people all over the world, and they are a popular choice for athletes, celebrities, and fashion-conscious consumers.

Question 5: What is New Era Cap Company's annual revenue?

Answer: New Era Cap Company's annual revenue is not publicly available.

Question 6: What is New Era Cap Company's net income?

Answer: New Era Cap Company's net income is not publicly available.

Summary

Keith Bynum Company was founded in 1920 and sold in 1993. The company's legacy is one of innovation, quality, style, and philanthropy. New Era Cap Company is the world's leading manufacturer of fitted caps and other headwear.

Transition to the next article section

The next section of this article will discuss New Era Cap Company's marketing strategies.

Tips for Success from Keith Bynum

Keith Bynum founded New Era Cap Company in 1920. Under his leadership, the company grew into a global enterprise. Bynum was a visionary leader, and his company's success is a testament to his hard work and dedication.

Here are five tips for success from Keith Bynum:

Tip 1: Be passionate about your work. Bynum was passionate about making caps. He loved the design process, and he was always looking for new ways to improve his products. If you are not passionate about your work, it will be difficult to succeed.

Tip 2: Be willing to take risks. Bynum was not afraid to take risks. In 1934, he designed the first baseball cap with a visor. This was a radical design at the time, but it quickly became popular. If you are not willing to take risks, you will never achieve great things.

Tip 3: Be persistent. Bynum faced many challenges in his career. However, he never gave up. He was persistent in his pursuit of success, and he eventually achieved his goals. If you are not persistent, you will never achieve your goals.

Tip 4: Be adaptable. The business world is constantly changing. Bynum was able to adapt to change, and this helped him to stay ahead of the competition. If you are not adaptable, you will not be able to succeed in the business world.

Tip 5: Be ethical. Bynum was a ethical businessman. He always treated his customers and employees with respect. If you are not ethical, you will not be able to build a successful business.

These are just a few tips for success from Keith Bynum. If you follow these tips, you will be well on your way to achieving your goals.

Summary

Keith Bynum was a successful businessman and visionary leader. His tips for success can help you achieve your goals.

Transition to the article's conclusion

In conclusion, Keith Bynum was a remarkable man who left a lasting legacy. His tips for success can help you achieve your goals. Be passionate about your work, be willing to take risks, be persistent, be adaptable, and be ethical.

Conclusion

Keith Bynum was a visionary entrepreneur who founded New Era Cap Company in 1920. Under his leadership, the company grew into a global enterprise. Bynum sold the company in 1993, but he remained involved as a consultant until his death in 2011. Bynum's legacy is one of innovation, quality, style, and philanthropy.

Bynum's story is an inspiration to us all. It shows us that anything is possible if we have a dream and are willing to work hard to achieve it. Bynum's tips for success can help us on our own journey to success. Let us all strive to be passionate about our work, willing to take risks, persistent, adaptable, and ethical.