Cleveland Twist Drill Co.

From HistoryWiki

Cleveland Twist Drill Co. Soundex Code C414

The Cleveland Twist Drill Co. was founded in 1876. by Jacob D. Cox, Sr., he used $2,000 borrowed from his father to buy a 50 percent stake in C.C. Newton’s small twist drill factory in western New York. Later that year, he moved the company to Cleveland, Ohio. The 1968 merger of the Cleveland Twist Drill Company and the National Acme Company created Acme-Cleveland Corporation. Although Cleveland Twist Drill was Acme-Cleveland’s founding business, accounting for two-thirds of overall sales, it was sold in the fall of 1994 to longtime rival Greenfield Industries Inc. Cleveland Twist Drill tools are manufactured at product-specific plants across the globe. On-site development engineers and technical specialists assure that each tool meets the highest performance standards in the industry. In July 2009 TDC bought Cleveland Twist and is now part of Greenfield Industries.

Greenfield Industries® is a leading manufacturer of expendable cutting tools and related products. The company sells thousands of products under the brand names Cleveland, Chicago-Latrobe, Cle-Line, Vermont Tap & Die, Bassett, and Putnam Tools, Geometric, Vers-O-Tool, H & G, and Acme-Fette. The product lines include drills, end mills, taps, dies, reamers, countersinks, counterbores, tool bits, and more. These tools are used in a variety of applications—If it’s being drilled, cut, bored, dug, shaped, milled, stamped, formed, drawn, or threaded, Greenfield Industries products are hard at work.

In 2009, Greenfield Industries became part of the Top-Eastern Group, the world’s largest manufacturer of twist drills.

Employees

Manager Chicago Branch

Arthur Lehman Beardsley was the manager of the Chicago branch of the Cleveland Twist Drill Co. starting in July, 1902.