The Eastern Company (
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
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EML was set up in 1858 and now is headquartered in
Naugatuck, Connecticut. The company operates in three segments: Industrial Hardware; Security Products; Metal Products. As of November, 2013 the company owns four main subsidiaries namely Eberhard Hardware Manufacturing Ltd. (
Canada); Sesamee Mexicana (
Mexico); World Lock Co. Ltd. (
Taiwan); World Security Industries Co. Ltd. (
Hong Kong).
History
* In 1858, B.B. Tuttle and J.H. Whittemore established Tuttle & Whittemore iron works.
* During the
American Civil War (1861 ~ 1865) the company' products sales grew dramatically. In 1887, the company changed its name to Naugatauk Malleable Iron Company until 1912 when the company was incorporated as Eastern Malleable Iron Company.
* From 1930s to 1960s the company undergone an important revolution in its history. Dibble shut down four of the six plants and used about $800,000 to buy Cleveland's Eberhard Manufacturing Company in 1936. After that in 1944, Eastern bought the Frazer & Jones malleable iron works of
Syracuse
Syracuse may refer to:
Places Italy
*Syracuse, Sicily, or spelled as ''Siracusa''
*Province of Syracuse
United States
*Syracuse, New York
**East Syracuse, New York
**North Syracuse, New York
*Syracuse, Indiana
* Syracuse, Kansas
*Syracuse, Miss ...
,
New York
New York most commonly refers to:
* New York City, the most populous city in the United States, located in the state of New York
* New York (state), a state in the northeastern United States
New York may also refer to:
Film and television
* '' ...
. Later in 1947 Eastern again bought the Eastern Castings Corporation of
Newburgh, New York. After World War II, The company purchased the Pattin Manufacturing Company of
Marietta
Marietta may refer to:
Places in the United States
*Marietta, Jacksonville, Florida
*Marietta, Georgia, the largest US city named Marietta
*Marietta, Illinois
*Marietta, Indiana
*Marietta, Kansas
*Marietta, Minnesota
*Marietta, Mississippi
*Mar ...
,
Ohio in 1955 and shut down Wilmington foundry in 1961. It was also in the same year that the company once again changed its name to The Eastern Company.
* During 1960s-80s and beyond, the company ushered the second tide of acquisition and Divestitures including Wilfrid O. White & Sons, Inc., Thompson Materials Company, Illinois Lock Company of Wheeling and so on.
Products & Services
The Eastern Company focuses on the security products, metal products and industrial hardware.
The Industrial Hardware
Different kinds of locks and
latches,
hinge
A hinge is a mechanical bearing that connects two solid objects, typically allowing only a limited angle of rotation between them. Two objects connected by an ideal hinge rotate relative to each other about a fixed axis of rotation: all other ...
s, sleeper boxes, and other hardware widely used in vehicles of agriculture, education, military, sports, fire and medical, and some industry markets.
The Security Products
Electronic and mechanical locking devices (such as
timers, drop meters, coin security products, smart cards and related equipment and technology, value transfer stations, access control units, and some appliances in kitchen) for electric equipment in consumer market and gaming industries. The company also provides security products such as luggage, furniture, laboratory equipment and commercial laundry.
The Metal Products
Expansion support anchors for the roofs of mines,
couplers for railroad braking systems,
clamps for construction, and fittings for electrical installations.
Operations
Leonard F. Leganza currently serves as the
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
and the President of the company. Here is a list of The Eastern Company, Inc's senior officers and directors (
2012.12):
References
External links
Official Website
{{DEFAULTSORT:Eastern Company, The
Companies established in 1858
Companies based in New Haven County, Connecticut
Companies listed on the Nasdaq