As American as mom, baseball and apple pie? Not so fast, baseball.
St. Louis, Mo.-based Rawlings has been the official baseball supplier of Major League Baseball since 1977, but hasn't sewn a single stitch into cowhide stateside during that time. Well before Rawlings was called up to the majors, the company had outsourced its production to other spots in the northern hemisphere.
Though founded in St. Louis all the way back in 1887, Rawlings moved its baseball manufacturing plant to Puerto Rico in 1969. That was followed by a move to Haiti shortly thereafter. Finally, the company settled down in Costa Rica, where it has been sending its cowhide, cores and twine ever since. Now part of Jarden (JAH) -- the same folks who own the Crock-Pot, Mr. Coffee, Oster, Rival and Sunbeam brands -- Rawlings is just a small cog in a really big conglomerate.It just happens to have the misfortune of providing a key element of the national pastime from the warm tropical confines of another nation entirely.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV