Howard Hunt Pen Manufacturing CompanyIn 1979, Hunt consolidated its operations, moving its Bienfang paper manufacturing activities to Statesville, North Carolina. So be Hurry to follow this link below >Click Detail Price and Descriptions<< Maybe you are looking for Cheap Bienfang / Seal 210M Commercial, 18.5Г—23 Dry Mounting Press., Bienfang / Seal 210M Commercial, 18.5Г—23 Dry Mounting Press.Incorporated: 1899 as the C. Now And get the Big deals. Buy Bienfang / Seal 210M Commercial, 18.5Г—23 Dry Mounting Press.

Bartol, whose family would retain control over the property throughout much of the twentieth century.In 1915, Hunt introduced an innovative new product that would become a mainstay of its line: the Speedball ballpoint pen. In 1903, Hunt was purchased by George E. Two years after this start, Hunt was turned over to new management and formally incorporated.

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. In addition, Hunt expanded its Statesville, North Carolina, manufacturing plant.In 1969, George Bartol III took complete control of Hunt from his father, becoming chairman of the board. In 1966, the company bought the New Masters Company, which manufactured artists' paints. Also during this time, the company moved its headquarters from its long-time home in Camden to Philadelphia.In the late 1960s, Hunt expanded its line of products from basic, functional office supplies to arts and crafts supplies as well. Howard Hunt Pen Manufacturing Company changed its name to the Hunt Manufacturing Company, reflecting the broadened scope of the company's activities.

These products ranged in price from a 25 cent Bulldog paper clip, to a $250 computer workstation desk. With this transfer, Bienfang's operations became far more profitable, and by the end of the year, Hunt reported net income of $3.2 million, increasing its earnings for the eighth straight year since selling stock to the public.In 1980, Hunt earned 55 percent of its sales, and two-thirds of its earnings, from the 2,000 different items it sold for use in an office environment. This company had operations in Florence, Kentucky, and Fresno, California, and Hunt paid around $2 million for the entire package.In 1979, Hunt consolidated its operations, moving its Bienfang paper manufacturing activities to Statesville, North Carolina. Hunt's line of office products was enhanced as well, with the addition of Lit-Ning Industries. In 1972, Hunt purchased the Pariscraft line of arts and crafts supplies from Johnson & Johnson.Hunt continued its aggressive move into the arts and crafts field during this time, adding the Art-Brite Chemical Company, also located in New Jersey, to its fold. The purchase was completed in 1971, the year that Hunt offered stock to the public for the first time.

At the time of this purchase, Hunt took on $15 million in debt, in order to increase its holding in the hobby and leisure products industry even further, since it believed that this market showed strong potential for growth. Both were located in Long Island City, New York. In March 1981, Hunt paid $13.9 million for two properties previously owned by CBS Inc., the X-Acto company, which made hobby knives, and the House of Miniatures company, which sold dollhouse miniatures through the mails. Hunt finalized this agreement, which would make strong contributions to its bottom line, in August 1980.As Hunt moved into the 1980s, the company continued its long streak of profitability, as demand for its staple items continued strong. Of France, winning the right to become the sole American distributor of Conte's high-priced artists' charcoals and pastel pencils and crayons. The remainder of the company's returns was filled out by 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 in 1980, Hunt signed a contract with Conte S.A.

A new line of craft kits, first introduced by Hunt in 1980, proved popular, as customers snapped up the $30 sets for painting, calligraphy, silk-screening, and several other craft projects. 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. Peins, Jr., told Barron's in late 1981.

At this time, the company's long-time leader, George E. 'As long as there's one person in an office using a pencil, that office will need a pencil sharpener, so sales are more a function of the number of offices in operation than the number of pencils in use,' Peins explained to Barron's.By the end of 1982, Hunt's sales had reached $78 million, contributing $4.8 million in income. In addition, Hunt successfully marketed a number of computer accessories, including swivel stands and storage holders.Despite the importance of Hunt's new product offerings, the company's most important item remained the pencil sharpener. The company's CommuniCore computer and word-processing workstations came in 12 different types and sizes, and cost between $40 and $250.

Naples, who assumed the title of chief executive in the early 1980s.In April 1982, Bartol retired as Hunt's chairman, and the 37-year-old Naples became the company's vice-chairman, assuming day-to-day control of Hunt. Bartol's designated heir was Ronald J. In order 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. Although he had four children, none were interested in following in his footsteps and taking over the family business.

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. 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. 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. 'My role will be to provide advice and counsel. To symbolize his departure from intimate involvement with the affairs of the company, Bartol planned to move out of his large office at Hunt's company headquarters. 'A 61-year-old man probably wouldn't be as effective in a company committed to that kind of growth as someone who is under 40,' Bartol told Forbes.

This company's potential is terrific. 'We are not going to sell because we don't think there's a better investment out there. 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. 'We don't want management being sniped at by unfriendly acquirers if the company has a bad year because of investments or something beyond its control,' Bartol asserted.

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