The story
In 1928 Richard K. LeBlond purchased Detroit Aircraft Engineering Corporation, then a subsidiary of Detroit's automaker Rickenbacker owned by World War I pilot and ace Eddie Rickenbacker and the engineer, Glenn D. Angle. and their 5-cylinder Air-Cat engine. LeBlond employed the company's designer and previous co-owner, Glenn D. Angle, to improve the design for further production and development. The LeBlond line was refined and improved through late 1937.
In December 1937, to offset a large tax liability incurred by the LeBlond Tool company, the subsidiary, LeBlond Engines, was sold at a significant loss to Raymond A. Rearwin of Rearwin Airplanes. The purchase was a perfect fit for Rearwin as his company was one of the largest users of LeBlond engines, and gave Rearwin a well-accepted radial engine to use on his designs. Rearwin renamed the company Ken-Royce Engine Company after his two sons Ken and Royce Rearwin. After Rearwin moved the assets from Norwood to Kansas City, quality-control issues were experienced, which seemed to improve after several employees who had made a competing offer for LeBlond's assets were fired. Production of the line continued until World War Two.
Production of the LeBlond designs never resumed, as the design was uneconomical compared to the newer "flat" (horizontally opposed) engines of the post-war era. LeBlond/Ken-Royce engine parts were provided during the 1950s by Air Associates. In the 1960s the remaining parts were sold to the Antique Airplane Association of Blakesburg, Iowa.
From Wikipedia’s article on LeBlond Aircraft Engine Corporation, shared under CC BY-SA 4.0.4