Company type | Public |
---|---|
Industry | steel manufacturing, railroads, coal mining |
Founded | 1840 |
Founder |
|
Defunct | 1922 purchased; 1982 ceased operation |
Headquarters | |
Area served | United States |
Key people | |
Products | Steel, coke |
Services | Rail transport |
Parent | Bethlehem Steel after 1922 |
Subsidiaries | Delaware, Lackawanna and Western Railroad |
The Lackawanna Steel Company was an American steel manufacturing company that existed as an independent company from 1840 to 1922, and as a subsidiary of the Bethlehem Steel company from 1922 to 1983. Founded by the Scranton family, it was once the second-largest steel company in the world (and the largest company outside the U.S. Steel trust).[1] Scranton, Pennsylvania, developed around the company's original location.[2] When the company moved to a suburb of Buffalo, New York, in 1902, it stimulated the founding of the city of Lackawanna.[3]