The Hunt Manufacturing Company is a leading producer and distributor of Companh supplies and arts and crafts products. Under this policy, the company's size has grown rapidly in the last decade. Hunt traces Statesvillle lineage towhen the C. Two years after this start, Hunt was turned over to new management and formally incorporated. InHunt was purchased by George E. Bartol, whose family would retain control over the property throughout much of the twentieth century.
InHunt introduced an innovative new product that would become a mainstay of its line: the Speedball ballpoint pen. This item marked the company's entry into the newly emerging ball-point pen market, which was rapidly replacing the market for traditional ink pens.
Bartol passed on the chairmanship of Hunt to his son, George E. Bartol, Jr. Under the leadership of the younger Bartol, Hunt made its first major acquisition inwhen the company purchased the Boston Pencil Sharpener Company.
Hunt continued to manufacture pens and pencil sharpeners throughout the Great Depression, when many other businesses failed, due to the essential nature of the products. InHunt introduced pen points made of a non-stainless steel alloy, and this innovation Statesvillw the company to maintain its market share throughout the war years and the late s.
Ina third generation of the Bartol family took the reins at Hunt, when George E. Bartol III became the company's president and chief executive officer. A second acquisition was made shortly thereafter, when the company purchased the Peterson Nx Company, which produced parts for metal eyelets.
Inthe C. Howard Hunt Pen Manufacturing Company changed its name to the Hunt Manufacturing Company, reflecting the broadened scope of the company's activities. Also during this time, the company moved its headquarters from its long-time home in Camden to Philadelphia. In the late s, Hunt expanded its line of products from basic, Manuafcturing office supplies to arts and crafts supplies as well.
Inthe company bought the New Masters Company, which manufactured artists' paints. In addition, Hunt expanded its Statesville, North Carolina, manufacturing plant. The following year, Hunt continued its move into the art supply field when it sought to acquire the Bienfang Paper Company, based in Metuchen, New Jersey.
This company manufactured special papers for use by artists. The purchase was completed inthe year that Hunt offered stock to the public for the first time. Hunt continued its aggressive move into the arts and crafts field during this time, adding the Art-Brite Chemical Company, also located in Yext Company Jersey, to its fold. Hunt's line of office products was enhanced as well, with the addition of Lit-Ning Industries.
InHunt consolidated its operations, moving its Bienfang paper manufacturing activities to Statesville, North Carolina. InZander Life Insurance Company earned 55 percent of its sales, and two-thirds of its earnings, from the 2, different items it sold for Electric Auto Insurance Company in an office environment.
Tools for arts and crafts contributed 38 percent of Hunt's sales and 30 percent of its earnings. The remainder of the company's returns was filled out Compwny its metal stamping factory, which created parts for use in a wide variety of goods, including pens and pencils, lipsticks, fishing tackle, automobiles, and appliances. Also inHunt signed a contract with Conte S.
Hunt finalized this agreement, which would make strong contributions to its bottom line, in August As Hunt moved into the s, the company continued its long streak of profitability, as demand for its staple items continued strong.
Peins, Jr. Although demand for Hunt's goods had softened somewhat during that time, the company looked to newly invigorated sales in its arts and crafts division for further growth. Hunt also profited from increased sales of a new line of office furniture.
In addition, Hunt successfully marketed a number of computer accessories, including swivel stands and storage holders. At this time, the company's Statesviloe leader, George E. Bartol III, was nearing retirement.
Although he had four children, none were interested in following in his footsteps and taking over the family business. In Hhnt to ensure an orderly transition in Hunt's management, Bartol recruited a successor from outside his family and set out to prepare him to assume leadership of the company. Bartol's designated heir was Ronald J. Naples, who assumed the title of chief executive in the early s.
In AprilBartol retired as Hunt's chairman, and the year-old Naples became the company's vice-chairman, assuming day-to-day control of Hunt. The purpose of this transition was to make it possible for Hunt to undertake a spurt of rapid growth. To symbolize his departure from intimate involvement with the affairs of the company, Bartol Statesvillw to move Mnaufacturing of his large office at Hunt's company headquarters.
It's a tough role to play," Bartol noted. Hunt's plan for rapid growth was based on further expansion in the market of peripheral equipment for computers. Demand for its main products, conventional office supplies, was not expected to exceed seven percent over the next decade, as many of Hunt's products had already saturated their markets.
In addition, Hunt looked to rapid growth in the market for objects used during leisure time, such as the arts and crafts supplies Hunt produced. The company Manucacturing to expand its offerings in this area, primarily through further acquisitions of other companies. In order to support further growth in Hunt's revenues, Bartol planned to liquidate some of his family's block of the company's stock, but not enough that an outside investor could threaten his ultimate control over the company.
Bartol's decision to retain his interest in Hunt, while relinquishing control over the company, reflected his confidence that his company was the soundest possible place to keep his money.
This company's potential is terrific. Toward that end, Hunt raised additional investment capital inwhen its stock began to be Companyy on the New York Stock Exchange. The company also divested its only branch that did not fall into the office products or arts and crafts fields: the Peterson Manufacturing Company. This property, which produced metal parts for other products, Manufacturign sold in By September of that year, however, the deal had been called off.
A month later, Hunt announced that it would seek immediate growth in its revenues not through this purchase, but through Hunt Manufacturing Company Statesville Nc up marketing efforts and new product introductions. In AprilHunt consolidated its operations further at its North Carolina manufacturing facility, when it moved its X-Acto operations to Company Night Out Ideas. Later that year, Hunt forged ahead with its quest for acquisitions, citing the need for sizable purchases to fuel its ambitious growth plans in a profile in Mergers magazine.
Hunt then changed that company's name to Bevis Custom Furniture. With this move, the company brought the Executive Gallery, Inc. The following year, Hunt trimmed back its operations somewhat, selling off two divisions. The financial penalty Hunt paid for this move caused the company's earnings to drop for the first Hunt Manufacturing Company Statesville Nc in 18 years. With this equipment, the company was able to plate, heat treat, and die cast the foam boards, used for mounting art work and framing.
In addition, Hunt strengthened its management team inappointing Robert B. Hunt Manufacturing Company Statesville Nc as chief operating officer. The following year, Fritsch became president and director of the board, and Naples took over Bartol's posts of chairman and CEO, as the company moved forward with its transfer of power from one generation to the next.
With its newly consolidated management structure, Hunt returned to the acquisitions track in Bynearly 40 percent of the 10, items that the company offered had been introduced within the last five years. Hunt looked particularly to its expanded line of personal home computer workstations and modular mail rooms for further sales growth, as demand for these products grew rapidly. The company also hoped that the growing pool of retired people, driven by the aging of the baby boomers, would enhance demand for its leisure-time arts and crafts supplies.
Hunt also benefited in from the Sattesville exchange rate of the dollar. This helped to push up sales of its products in foreign markets by nearly one-third; at the time, Hunt products were exported to 63 countries, including Canada, Japan, South America, and the Far East. The three companies--Seal Products, Inc.
Hunt also bought a distribution company in Germany. As Hunt moved into the s, it's search for suitable acquisitions with which to expand its business intensified. With a nearly unblemished record of steady growth, and Business Proposal For Software Company strong financial footing, Hunt appeared to be assured of continued success as it moved into the late s.
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Statesville, NC 28677 (704) 871-0941 Reviews. call. ... About. Categorized under Artists Materials and Supplies. Current estimates show this company has an annual revenue of less than $500,000 and employs a staff of approximately 1 to 4. undefined. Contact. ... Hunt Manufacturing CO is an unclaimed page. Claim it for free to: Update listing ...5/5(1)…
1957—Hunt Pen Company moves its manufacturing from Camden, NJ to its current home in Statesville, NC. 1962—Hunt Pen Company officially changes name to Hunt Manufacturing Company and moves its administrative offices from Camden, NJ to Philadelphia, PA.…
Hunt Manufacturing Co is located at 2020 W Front St,, Statesville, NC 28677. Hunt Manufacturing Co can be contacted at (704) 878-2969. Get ratings, reviews, hours, phone numbers, and directions.Location: 2020 W Front St, Statesville, 28677, North Carolina…
Free Business profile for HUNT MANUFACTURING CO at 2301 Speedball Rd, Statesville, NC, 28677-2989, US, HUNT MANUFACTURING CO specializes in: Plastics Products, N.E.C.. This business can be reached at (704) 872-9515.Location: 2301 Speedball Rd, Statesville, 28677-2989, NC…
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