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Yale & Towne Manufacturing Co, 1897. In 1868, the business was established in Stamford, Connecticut, by Henry R. Towne and Linus Yale Sr., an inventor renowned for creating the pin tumbler lock. Initially known as Yale Lock Manufacturing Co., the company later adopted the name Yale & Towne, with its base in Newport, New York. [3]
Yale & Towne Manufacturing was purchased in 1985 by the North American Coal Corporation , which later became NACCO Industries, Incorporated. Yale Materials Handling Corporation was combined with Hyster Company, also purchased by NACCO, in 1989 to form NACCO Materials Handling Group. NACCO Materials Handling Group was then spun off as a separate ...
Linus Yale Jr. (April 4, 1821 – December 25, 1868) was an American businessman, inventor, mechanical engineer, and metalsmith. He was a co-founder with millionaire Henry R. Towne of the Yale Lock Company, which became the premier manufacturer of locks in the United States. He was the country's leading expert on bank locks and its most ...
Residence of Henry R. Towne, Yale Lock Company, 1890. Henry Robinson Towne (August 24, 1844 – October 15, 1924) was an American mechanical engineer and businessman, known as an early systematizer of management. [1] [2] He donated several millions to philanthropy at his death, in 1924. [3]
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