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Dixon Ticonderoga company history timeline

1812

The same year in which Dixon's waterfront observations led him to make his first pencil, the War of 1812 broke out, stanching the flow of British graphite into America, but dwindling supply did not spark increased demand.

1815

The pencil's name originates in the graphite ore discovered on Lead Mountain in 1815 and processed in Ticonderoga, New York.

1827

1827: Dixon establishes a firm that will eventually be known as the Joseph Dixon Crucible Company, which finds initial success marketing graphite as a stove polish, and later a heat-resistant graphite crucible.

1829

Despite having been introduced in 1829, it wasn’t until the Civil War – when soldiers were seeking a more practical alternative to the quill pen for writing home – that the pencil became widely adopted.

1847

He built a crucible factory in Jersey City, New Jersey, and opened the Joseph Dixon Crucible Company in 1847, which manufactured crucibles, stove polish, and, of course, pencils.

1866

1866: Rising demand prompts Dixon to invent a machine that can produce 132 pencils per minute.

1869

At the time of Dixon’s death in 1869, the Joseph Dixon Crucible Company was the largest manufacturer of graphite products in the world.

1872

By 1872, the Dixon Crucible Company was making 86,000 pencils a day.

1876

Recognizing in 1876 the errors of other people's ways, the company attached erasers to the pencils.

1913

The addition of American Graphite and the city in which it was located (near a fort of the same name that passed between British and American control during the American Revolution) eventually--in 1913--led to a brand name change in the company's pencils.

1920

The company purchased the existing Cane's pencil factory at 531 Davis Drive . The Cane's factory has begun producing pencils in 1920.

1930

So Dixon and others urged the Commerce Department to craft a regulation, based on a 1930 law, that would contain China’s pencil business.

1931

1931 - The Dixon Pencil Company of Canada was established in Newmarket, Ontario.

1944

The restaurant was Pala's Cafe in Wilmington, Delaware, run by Gino N. Pala, who left school in the eleventh grade and began working in his father's fruit market in 1944.

1951

Pacon® started as a paper converter in Appleton, Wisconsin in 1951, (an area appropriately known as the Paper Valley) and has been a leader in educational solutions ever since.

1954

Pala, who had been running the café for roughly 20 years by this time and had profited from a furniture business he and his brother had opened in 1954, had the cash and began investing it with some of his customers.

1975

In 1975 Pala and Brewster bought 20 percent of the shares in a company called Electric Hose & Rubber for $1.6 million, then initiated a proxy fight to gain control of the company.

1977

1977 - Dixon purchases the Eberhard Faber factory in Acton Vale, QC. It is mainly used to manufacture erasers (such as Dixon branded Pink Pearl erasers).

1978

Pala and Brewster combined forces again in 1978, paying $1.5 million for a 51 percent stake in a failing real estate, restaurant, and bus company named Bryn Mawr Corporation.

1981

Pala and Brewster then began looking for another acquisition, and in 1981 found one: the Joseph Dixon Crucible Company.

Dixon had since become a lackluster performer, earning $1 million in 1981 on revenues of $64 million, then recording a $1 million loss the following year as revenues slipped to $57 million.

1982

1982: Wallace Pencil Company, along with its production facility in Versailles, Missouri, is acquired.

1985

Once in control, Pala sold off some of the company’s assets, consolidated operations, revamped some of the company’s manufacturing plants, and by 1985 had paid off $5.4 million of debt.

1986

In 1986, Dixon purchased David Kahn Inc., a manufacturer of writing instruments marketed under the Wearever brand name, then two years later acquired Ruwe Pencil and National Pen & Pencil.

1988

——, "Sharpening Its Prospects: Maker of Writing Instruments Dixon Ticonderoga Restructures for Success," Orlando Sentinel, March 21, 1988.

By 1988, the company’s net income had eclipsed $3 million on revenues of nearly $80 million.

1990

30, 1990 - The Dixon factory in Newmarket is closed and soon thereafter, the building was demolished. (source) The last Ticonderoga Pencil rolled off the line on July 20, 1990. (source)

1991

——, "Vaulting Back: Dixon Ticonderoga Attempts to Overcome Financial Hurdles, Focus on Pencil-Making" Orlando Sentinel, June 24, 1991.

1992

By virtue of such measures, Dixon once again returned to the black in 1992, when the company reported a modest yet reassuring $327,000 in net income.

1994

In September 1994, in an unintentionally well-timed move, Dixon sold 49.9 percent of its formerly wholly owned Mexican subsidiary through an initial public offering (IPO) on the Mexican stock market.

In September 1994, in an unintentionally well-timed move, Dixon sold 49.9 percent of its formerly wholly owned Mexican subsidiary through an initial public offering (IPO) on the Mexican stock market. It also insulated Dixon from the Mexican peso devaluation of December 1994, which put severe strains on the Mexican economy and engendered a sharp drop in sales at the company's Mexican subsidiary.

Results for 1994 were strong: $3.3 million in profits on revenues of $92.1 million, the latter up 12 percent from the previous year.

The main reason was that cheap imports from China helped increase foreign manufacturers' share of the United States market from 16 percent to more than 50 percent—despite the United States government's imposition in 1994 of heavy antidumping duties on Chinese pencils.

1996

By 1996, with direct sales to consumers via mass-market retailers continuing to increase, Dixon Ticonderoga achieved revenues in excess of $100 million for the first time.

1997

1997: Prang Soybean Crayons are introduced; Vinci de Mexico is acquired.

1999

As sales began falling in 1999, Dixon reduced its workforce of 1,550 by about 150 employees and further consolidated its United States manufacturing operations as cost-saving measures.

2000

A restructuring charge of $1.6 million resulted in a loss of nearly $800,000 for 2000 on sales of $102.9 million.

Although the pencil industry won renewed duties on pencil imports from China in mid-2000, Dixon reached the conclusion that it had to shift more of its own manufacturing outside of the United States in order to survive.

2001

Revenues fell to $90.5 million in 2001, and then stagnated at around $89 million over the following three years.

2002

During 2002 the company closed its crayon plant in Sandusky, Ohio (making the Versailles plant its only United States manufacturing facility), shifting the production to Mexico and eliminating an additional 115 jobs.

2003

In addition, Dixon divested its last remaining industrial division, selling New Castle Refractories to local management in late 2003.

Special items led to a net loss of $1.4 million for 2003, but Dixon managed to turn a profit on its continuing operations, a hopeful sign for the future.

The red ink continued through 2003 in part because of restructuring, debt refinancing, and other costs.

2004

In December 2004 Dixon Ticonderoga entered into an agreement to be acquired by Fila–Fabbrica Italiana Lapis ed Affini S.p.A., a producer of design and writing instruments, art materials, and modeling paste based in Milan.

Although Dixon Ticonderoga stood as the primary player in the history of the pencil in the United States, it was poised in late 2004 to gain an Italian parent.

2005

The company has collected nearly $5 million in federal funding aimed at victims of foreign trade abuse since 2005 and has requested millions more, according to Customs and Border Protection records.

2015

In 2015, Timothy Gomez, Dixon’s then-chief executive, sent a letter to United States Customs and Border Protection saying the company was still seeking government payment to cover $149 million in pencil-making expenses.

2022

Covell, Jeffrey; Salamie, David "Dixon Ticonderoga Company ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/dixon-ticonderoga-company

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Founded
1795
Company founded
Headquarters
Lake Mary, FL
Company headquarter
Founders
Joseph Dixon,Orestes Cleveland
Company founders
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