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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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Zippia gives an in-depth look into the details of Premier Manufacturing, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Premier Manufacturing. The employee data is based on information from people who have self-reported their past or current employments at Premier Manufacturing. 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 Premier Manufacturing. The data presented on this page does not represent the view of Premier Manufacturing and its employees or that of Zippia.
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