Acme-Cleveland Corporation

Formed by the merger in 1968 of Cleveland Twist Drill Co., a manufacturer of high-speed drills and metal cutting tools, and the National Acme Company, a manufacturer of automatic multiple-spindle lathes and screw machines. Cleveland Twist Drill was founded in 1876 by Jacob D. Cox II, son of a Civil War general and former governor of Ohio. The company became a leader in the manufacture of superior-grade high-speed twist drills and pioneered the development of steels made of molybdenum as a substitute for tungsten. By 1936 it was the world's largest maker of high-speed drills and reamers, flourishing under Jacob D. Cox, Jr., who pioneered profit-sharing and authored two books on wage theory. National Acme originated as the Acme Screw Machine Co. in 1895, makers of the first commercially successful automatic multiple-spindle screw manufacturing machine. Acme Screw merged with National Manufacturing Co. in 1901 to become National Acme Mfg. Co., which purchased the Windsor Machine Co. to become National Acme Co. in 1916.

From the description of Records, 1869-1982. (Rhinelander District Library). WorldCat record id: 23103035

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