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Cooper Tools company history timeline

1833

1833: Brothers Charles and Elias Cooper build a foundry in Mount Vernon, Ohio.

1848

When Elias Cooper died in 1848, Charles Cooper took a succession of partners, and with each the company name changed accordingly.

1851

Mount Vernon was linked to the rest of the nation by the railroad in 1851 and the following year Cooper was able to ship its first steam-powered compressors for blast furnaces.

1869

In 1869, Cooper became the first company in what was then the West to produce the new, highly efficient Corliss engine.

1886

The legacy of C.F. Cooper dates back over a century to 1886 when Clarence Frederick Cooper was born in Wallingford, Connecticut, United StatesA.. Clarence was a handyman for many years and spent his later life working at Stanley Tools.

1895

The company was incorporated as the C. & G. Cooper Company in 1895, and Frank L. Fairchild, a respected salesman of the Cooper-Corliss engine, was named its first president.

1900

The company started in 1900 as an electrical contractor, wiring houses and connecting doorbells.

1901

Not long after Charles Cooper's death in 1901, it became clear that steam turbine engines were destined to replace the Corliss engine.

1908

1908: Coopers begins a gradual shift from Corliss to natural gas internal-combustion engines.

1911

The Line Material Company, founded in 1911, grew to be a major force in the electrical manufacturing industry as manufacturers of fuses, switches, line hardware, arresters, transformers and more.

1919

In 1919, C.G. Cooper became chairman and Desault B. Kirk, the company's treasurer, became president.

1929

The office was opened on October 23, 1929, however, at the very beginning of the Great Depression.

1936

C.F. Cooper’s son, Gerald joined Stanley right out of college in 1936 at the depths of the United States Depression, starting as a worker in the boiler room just to have a job.

1940

Charles B. Jahnke was elected president in 1940 and Williams moved to chairman of the board, but Jahnke died a year later and Williams returned to the presidency for two more years.

1941

In 1941, Cooper-Bessemer's net sales jumped to an all-time high, and just two years later they had more than tripled.

1944

1944: The firm lists on the New York Stock Exchange.

1945

It formed an international sales office and announced its first sales-service branch outside the United States, in Caracas, Venezuela, in 1945.

1947

Founded in 1947 under the name of Rural Transformer and Equipment Company, RTE developed many advances that significantly changed industry practices in underground distribution.

1949

Line Material became part of McGraw Electric in 1949.

1951

1951: Sales reach a record $52 million.

1952

In 1952 it merged with Pennsylvania Transformer Company.

1955

While the company was rebuffing a 1955 takeover attempt by a private investor named Robert New, Lefebvre resigned unexpectedly, and Lawrence Williams, Beatty Williams's son, became president.

1957

Thomas A. Edison, Inc., one of Thomas Edison’s original companies, combined with McGraw Electric Company in 1957 to form McGraw-Edison.

1961

Lured to the company from Standard Oil New Jersey (now Exxon) in 1961, Cizik started his career at Cooper as executive assistant for corporate development.

1964

In 1964 it opened an office in Beirut and also formed a wholly owned British subsidiary, Cooper-Bessemer (U.K.), Ltd.

1965

To better reflect its nature, it changed its name to Cooper Industries, Inc. in December, 1965.

1966

C.F.’s grandson, Gerry also joined Stanley after his college graduation in 1966 moving from programming Stanley’s computers to positions in accounting, finance, purchasing and manufacturing.

When RTE received a patent on the 15 kV loadbreak elbow design in 1966, its potential growth was probably unrealized at the time.

1970

1970: Cooper branches out into aircraft services with the acquisition of Dallas Airmotive.

1979

1979: Cooper acquires the Gardner-Denver Company; sales reach $1 billion.

1985

McGraw-Edison Power Systems joined Cooper in 1985.

Cooper's next bold move was a 1985 merger with McGraw-Edison Company, a manufacturer of electrical energy-related products for industrial, commercial, and utility use.

1986

In 1986, Stanley moved Gerry and his family to Taiwan where he lived for 19 years setting up Stanley sales offices and factories for Stanley in Singapore, Taiwan and China.

1989

And in late November, 1989, Cooper also acquired Cameron Iron Works, a Houston-based company with annual sales of $611 million.

1991

In 1991, three Canadian-based businesses were acquired.

1992

1992: Cooper purchases Ferramentas Belzer do Brasil, a Brazilian-based handtool maker.

1993

C.F.’s great-grandson, Dan joined Stanley Tools, now Stanley Black & Decker, after his college graduation in 1993 as a Sales Representative at their Taiwan sales office.

1994

In 1994, he joined American Tool Companies, now Irwin Tools, as their Asia Sales Manager.

In 1994, Cooper Power Systems acquired Combined Technologies Inc. to expand their product offerings in current-limiting fuses.

1997

1997: Cooper completes eight acquisitions throughout the year.

1998

The company continued with its transformation in 1998, significantly changing its holdings with the sale of its automotive businesses.

1999

1999: The company--after years of strategic restructuring--operates with two key business segments: Electrical Products and Tools & Hardware.

2000

The firm made several key acquisitions in 2000, including the B-Line Systems business of Aldrich Corp. and Eagle Electric Manufacturing, which was incorporated into the company's Wiring and Devices division.

2003

In 2003 he joined Cooper Tools, now Apex Tool Group, as their Director of Asian Sales & Operations.

2018

Accessed July 26, 2018. https://archive.org/details/growthindustria00Unit

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