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Premier Manufacturing history
Premier Manufacturing company history timeline
The company was established in 1940 as Premier Automotive Supply Company when three brothers--Morton, Jack, and Joseph Mandel--bought their uncle's storefront auto parts distributorship for $900.
In 1960, the company began supplying Supertanium nuts and bolts to Indy drivers at the track's Gasoline Alley.
In 1964, Premier acquired J.I. Holcomb Manufacturing Co. for $10 million from Butler University.
The company's 1968 purchase of Chicago-based Newark Electronics Co. for about $6.5 million marked a turning point for Premier.
By 1975, international sales contributed five percent of the company's annual revenues.
Morton Mandel and Premier were instrumental in the creation of Cleveland's Mid-Town Corridor in 1982.
By 1991, the company had $226 million in working capital and $52 million in cash and cash equivalents.
2020 MARKS OUR 96-YEAR ANNIVERSARY
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