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Around the end of 1981 McGraw-Edison sold its power-tool division to Shopsmith, Inc.. Shopsmith liquidated the inventory and started to manufacture "Benchmark" products. [ 3 ] In April 2005 the company reported gross annual revenues of US$13.4 million, with a net loss of US$800,000.
A pneumatic tool, air tool, air-powered tool or pneumatic-powered tool is a type of power tool, driven by compressed air supplied by an air compressor. Pneumatic tools can also be driven by compressed carbon dioxide (CO 2 ) stored in small cylinders allowing for portability.
McGraw-Edison Co. was created in 1957 when the McGraw Electric Company acquired Thomas A. Edison, Inc. [2] Charles Edison became board chairman of the merged company until he retired in 1961. Max McGraw was chief operating executive. [1] In March 1957, McGraw-Edison acquired Griswold Manufacturing. Griswold manufactured cast-iron cookware and ...
A compressor is a mechanical device that increases the pressure of a gas by reducing its volume. An air compressor is a specific type of gas compressor. Many compressors can be staged, that is, the gas is compressed several times in steps or stages, to increase discharge pressure.
The Worthington Corporation was a diversified American manufacturer that had its roots in Worthington and Baker, a steam pump manufacturer founded in 1845. In 1967 it merged with Studebaker and Wagner Electric to form Studebaker-Worthington.
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