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Fair-Rite Products Corp. is a family business that was established as a partnership in 1952. With his partners Edmund Stanick and Jack Webb, Richard Parker created Fair-Rite Products Corp. in Walkil, New York. Until 1955, the company supplied products used in the consumer electronics industry. Ten years later, in Palestine, Illinois, a new separate unit was set up to support television and radio equipment manufacturers in the Midwest.
Fair-Rite is rapidly expanding into the fast-growing EMI suppression market, producing ferrite shielding beads. Growing demand has brought Fair-Rite to the markets of medicine, lighting, automotive, communications, aviation / defense, smart energy and industrial markets. With locations in New York, Illinois and China, Fair-Rite continues to be at the forefront of ferrite technology, expanding its product lines into a wide range of exciting new markets.