With his partners, Edmund Stanwyck and Jack Webb, Richard Parker created Fair-Rite Products Corp. in Wallkill, New York. By 1955, the company was supplying products used in the entertainment electronics industry. Ten years later, in Palestine, Illinois, a new and separate division was established to support the Midwestern television and radio equipment manufacturers.
Fair-Rite quickly expanded into the rapidly growing EMI suppression market, manufacturing ferrite shield beads. The growing demand lead Fair-Rite into the Medical, Lighting, Automotive, Communication, Aero/Defense, Smart Energy and Industrial Markets.
With locations in New York, Illinois and China, Fair-Rite continues to be on the cutting edge of ferrite technology, expanding its product lines across a broad spectrum of exciting new markets.
Carole Parker was named president in January, 1996. Her strategy for Fair-Rite Products Corp. is “to maintain a cost and performance leadership role based on technological superiority, enabling Fair-Rite to aggressively compete in their chosen global markets. Technological superiority is to be achieved by hiring, training, motivating and maintaining a superior work force equipped with the tools that are necessary to achieve the corporate goals.”
In June of 2014, daughter of Richard and Carole Parker, Rachael Parker, joined Fair-Rite as their new Vice President.
Sadly, on June 10, 2016 Richard Parker passed away peacefully at his home. He is remembered as an innovator, entrepreneur, and pioneer in the ferrite industry. Without his ingenuity and persistence, Fair-Rite would not be Your Signal Solution® today.