Hulman & Company
Hulman & Company
Hulman & Company is a historic American business conglomerate based in Terre Haute, Indiana. Founded in 1850, the company has played a significant role in the economic development of the region and has diversified its operations over the years. The company is best known for its ownership of the Indianapolis Motor Speedway and the IndyCar Series.
History
Hulman & Company was established by Herman Hulman Sr., a German immigrant who settled in Terre Haute. Initially, the company focused on wholesale grocery distribution, capitalizing on the growing demand for goods in the expanding American Midwest. Over time, the company expanded its operations to include various other industries.
In the early 20th century, the company diversified into the production of baking powder, under the brand name Clabber Girl. This product became one of the most recognized brands in the United States, contributing significantly to the company's growth and reputation.
Indianapolis Motor Speedway
In 1945, Hulman & Company purchased the Indianapolis Motor Speedway, which had fallen into disrepair during World War II. Under the leadership of Tony Hulman, the company restored the speedway and revitalized the Indianapolis 500, turning it into one of the most prestigious events in auto racing.
The acquisition of the speedway marked a significant shift in the company's focus, as it became heavily involved in the motorsports industry. The Hulman family's stewardship of the speedway has been credited with preserving its legacy and ensuring its continued success.
IndyCar Series
In addition to the Indianapolis Motor Speedway, Hulman & Company also owned the IndyCar Series, the premier level of open-wheel racing in North America. The series has been a platform for technological innovation and has attracted drivers from around the world.
The company's involvement in the IndyCar Series has helped to promote the sport and expand its audience, both domestically and internationally.
Clabber Girl
Clabber Girl remains one of the most enduring brands associated with Hulman & Company. The baking powder is a staple in American kitchens and is known for its quality and reliability. The brand has expanded to include a variety of baking products, maintaining its position in the market.
Philanthropy
Hulman & Company has a long history of philanthropy, particularly in the Terre Haute area. The Hulman family has supported numerous educational and cultural institutions, contributing to the community's development and well-being.
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