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Speidel is a manufacturer of watchbands and related items based in East Providence, Rhode Island, United States. It was originally founded in Germany by Friedrich Speidel in 1867 as a manufacturer of Jewellery chain, gold and silver chains. The Speidel Chain Company was formed in its modern state in the United States in 1904. It was known for its "Ratchet-buckle" watchbands (introduced in 1920), the "Scissors Action Expansion Band" (introduced in 1936), the ladies' "Mignon" watchbands (introduced in 1939), plus costume jewelry. In the 1930s, Speidel was the first company in the world to introduce ID bracelets. During World War II, the company briefly produced Cathode ray tube, cathode-ray tubes. Speidel experienced a boom in popularity, notably with their invention of the hugely popular expanding Watch strap, strap in the mid-1930s, and in addition to watchbands Speidel produced wristwatches, lighters, writing instruments, small jewelry, and other accessories, before beginning to ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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