Our History

As a company, it’s Loeb’s mission to consistently provide high-quality used processing and packaging machinery, as well as USPAP Compliant appraisals, asset management, and related services, to enhance our outstanding reputation which began in 1880.

• 1880

  Harry Newman left ARMOUR SOAP WORKS and went into the new and used machinery business under the name NEWMAN TALLOW & SOAP MACHINERY.

• 1921

  Irwin and Joe Newman went to work for their father, Harry, at NEWMAN TALLOW & SOAP MACHINERY. Irwin and Joe were two of eight children.

• 1924

  LOEB EQUIPMENT & SUPPLY COMPANY was started by Joe Loeb.

• 1946

  Bob Newman (Irwin’s son) came to work at NEWMAN TALLOW & SOAP MACHINERY.

• 1949

  Bob Newman left NEWMAN TALLOW & SOAP MACHINERY and began working for Joe Loeb at LOEB EQUIPMENT & SUPPLY COMPANY.

• 1953

  Bob Newman bought out Joe Loeb and Joe’s partner, Roland Ziske.

• 1956

  Irwin Newman left NEWMAN TALLOW & SOAP MACHINERY to work at LOEB EQUIPMENT & SUPPLY COMPANY.

• 1970

  Jim Newman (Bob’s son) came to work at LOEB EQUIPMENT & SUPPLY COMPANY. NEWMAN INDUSTRIAL MACHINERY SERVICE was formed to conduct market value appraisals.

• 1975

  Jim Newman bought out Bob Newman.

• 1995

  LOEB EQUIPMENT & SUPPLY COMPANY absorbed the appraisal work of NEWMAN INDUSTRIAL MACHINERY SERVICE and changed its name to LOEB EQUIPMENT & APPRAISAL COMPANY

• 1996

  Howard Newman (Jim’s son) began working for LOEB EQUIPMENT & APPRAISAL COMPANY.

• 2001

  Loeb grows organically to provide Asset Based Loans (ABL division is formed).

• 2007

  Howard Newman is named President of LOEB.