Fair-Rite Products Corp. is a family owned business that was formed as a partnership in 1952. 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.
Today, Richard Parker is Chairman of the Board of Directors. He is on-site every day working on special engineering projects.