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Merrill Tool & Machine history
Merrill Tool & Machine company history timeline
Merrill and his wife, Lorraine, started their typesetting business in their home in St Paul in 1968.
Named president of the company in 1981, Castro and a team of top executives weighed their options.
1982: Branch offices are opened in Denver and Chicago.
1983: A Los Angeles office is opened.
1984: John Castro becomes president and CEO; company name is changed to Merrill Corporation.
The so-called "Black Monday" stock market crash of October 1987 claimed the financial printing industry as one of its victims.
Early in 1987, the company added advertising typography capacity to its Chicago office and acquired Financial Publishers, a company that produced newsletters for banks.
These acquisitions, and Merrill's expanding share of the financial and corporate printing markets, which was reaching 14 percent, helped propel the company's sales past the $100 million mark for its 1991 fiscal year.
In 1992, Mitts & Merrill was acquired by Maschinenfabrik FRÖMAG and relocated from Saginaw to Harvard, IL.
In 1992 the company was purchased by Maschinenfabrik FRÖMAG and relocated to Harvard, IL.
Merrill's sales neared $150 million in 1993, bringing a net profit of nearly $9 million; by 1994, sales rose to $182 million, for a net income of over $13 million. Its growth was further aided by a joint venture agreement made in 1992 with London-based Burrups Ltd., the leading European financial printer.
These purchases helped raise Merrill's revenues to nearly $250 million for its 1996 fiscal year.
Merrill in 1999 accepted a merger offer of over $500 million from Viking Merger Sub, Inc., an affiliate of DLJ Merchant Banking Partners II, a subsidiary of Donaldson, Lufkin, & Jenrette Inc.
In late January 2000, it announced an alliance with INTEGREX, an Owens Corning subsidiary with expertise in technology-based litigation support services.
Merrill's 2001 sales were $649.5 million, a 10.5 percent increase over the previous year.
2001: Company forms Merrill/CPY as a strategic alliance with Chas.
In early January 2002, Merrill Corporation announced a strategic alliance with CCBN, a Boston-based provider of Internet services to support communications between about 3,000 public companies and the investment community.
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Merrill Tool & Machine competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Merrill Technologies Group | 1968 | $67.0M | 750 | 9 |
| Trace-A-Matic | 1968 | $54.0M | 100 | 8 |
| D&L Oil Tools | 1991 | $58.0M | 350 | - |
| SMW Autoblok | 1942 | $16.8M | 42 | - |
| Dearborn Precision Tubular Products, Inc. | - | $18.0M | 50 | 1 |
| Arland Tool & Manufacturing | 1948 | $22.8M | 100 | - |
| Boltex | - | $1.1M | 13 | - |
| R & R Machine Works | - | $210,000 | 5 | - |
| Precision Swiss Products | -1974 | $640,000 | 107 | - |
| Precision Close Tolerance CNC Machining & Tooling | - | $600,000 | 6 | - |
Merrill Tool & Machine history FAQs
Zippia gives an in-depth look into the details of Merrill Tool & Machine, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Merrill Tool & Machine. The employee data is based on information from people who have self-reported their past or current employments at Merrill Tool & Machine. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Merrill Tool & Machine. The data presented on this page does not represent the view of Merrill Tool & Machine and its employees or that of Zippia.
Merrill Tool & Machine may also be known as or be related to Merrill Tool & Machine, Merrill Tool & Machine Inc and Merrill Tool & Machine, Inc.