The 150-year milestone is a rarity in corporate America. Even more rare is a family business successfully handed down across five consecutive generations. Requarth Lumber -- founded in 1860 by Frederick August Requarth in Dayton, Ohio -- is one of those companies.
By itself, the milestone doesn’t pay the bills, and it doesn’t close deals. But the distinction does have a real-world value, according to Alan Pippenger, president and great-great grandson of Frederick Requarth.