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Founded in 1835, Chatillon manufactured mechanical scales for commercial and industrial markets and precision springs and spring assemblies for the scale, aircraft instrument, and controls industries, marketing its products through a worldwide network of distributors.
Technitrol is founded in Philadelphia, PA in 1947.
Positioned as an electronic components developer and manufacturer, Technitrol achieved early success in 1952 by producing its proprietary pulse transformers, the manufacture of which required less start-up investment than magnetic disk drives.
In 1958 Technitrol purchased L&O Research and Development Corporation, which bolstered the company's capabilities to produce electronic equipment and provided expertise in the development of complex electromechanical and electro-optical devices--a facet of Technitrol's equipment division.
Foremost among these acquisitions were John Chatillon & Sons Inc. and Advanced Metallurgy, Inc. (AMI), both acquired in 1972.
Annual sales, after the acquisition of Lloyd Instruments and Doduco, amounted to $98 million in 1992, having been held in check during the previous two years primarily because of recessive economic conditions.
In January 1994 Technitrol acquired Fil-Mag Group from FEE Technology, which included FEE Fil-Mag Taiwan, FEE Fil-Mag Singapore, and Fery Electronics, Inc.
Primarily because of the Pulse acquisition, the sales recorded by Technitrol's Electronic Components segment in 1995 increased more than 65 percent to $68.4 million and profits swelled 130 percent to $10.7 million.
Technitrol's 50th anniversary in 1997 saw the company continue to build upon its core strength in magnetic components and steer away from businesses deemed outside its scope.
As Technitrol entered 1999, concerns surfaced regarding the company's future leadership.
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