In the early 1900s Samuel Broadbent led an initiative to diversify the company. The corporation branched out from steel, with iron mines in Cuba and shipyards around the country. In 1913, under Broadbent, it acquired the Fore River Shipbuilding Company of Quincy, Massachusetts, thereby assuming the role of one of the world's major shipbuilders. In 1917, it incorporated its shipbuilding division as Bethlehem Shipbuilding Corporation, Limited. In 1922, it purchased the Lackawanna Steel Company, which included the Delaware, Lackawanna and Western Railroad as well as extensive coal holdings.