- Joined
- Apr 28, 2010
- Messages
- 1,155
Yo, check this out.
http://http://www.cutco.com/company/pressDetail.jsp?pressId=702
PRESS RELEASES
Alcas marks 60th anniversary with a name change to CUTCO Corporation
Dec 19, 2008
--------------------------------------------------------------------------------
Olean, N.Y., Dec. 19, 2009 - As the new year begins, so begins a new chapter for Alcas Corporation in Olean as it celebrates its 60th anniversary. Company officials announced that on Jan. 1, 2009, Alcas Corporation will be renamed CUTCO Corporation, reflecting the brand that has been the driver of the company's business for six decades.
CUTCO Corporation will be the parent company of CUTCO Cutlery Corporation, Vector Marketing Corporation, KA-BAR Knives Inc. and Schilling Forge Inc.
"CUTCO is the name that has been with us since 1949," said CUTCO Corporation Chairman, President and CEO Jim Stitt. "By changing the corporate name to CUTCO Corporation we will leverage the brand equity that we have built over the last 60 years."
"Alcas will always be an important part of our history," he added. "If not for the ingenuity and leadership of our early company leaders, we wouldn't be where we are today."
CUTCO cutlery was introduced in 1949 as a new product for Wear-Ever Aluminum, a subsidiary of the Aluminum Company of America (Alcoa). Alcoa formed a joint venture with Case Cutlery in Bradford, Pa., called Alcas Cutlery Corporation, which would manufacture the new cutlery line.
In 1972 Alcas Cutlery Corporation became a wholly owned subsidiary of Alcoa. Ten years later, a group of company officers purchased Alcas Cutlery Corporation from Alcoa, taking the company private.
Shortly after the management buyout, Alcas Cutlery Corporation purchased Vector Marketing Corporation, which became the distributor of CUTCO products in North America.
In 1990, CUTCO Cutlery Corporation was created to be the manufacturing subsidiary alongside Vector Marketing Corporation, and the parent company's name was changed from Alcas Cutlery Corporation to Alcas Corporation.
CUTCO has been making its products at its East State Street location since the first CUTCO knife was produced in March of 1949. It's something that company leaders are very proud of.
"We're proud to say that we've been able to keep our knives made in America," Mr. Stitt said. "When so many other companies are outsourcing their manufacturing, we've dedicated ourselves to keeping our manufacturing here in Olean. In fact, we are the largest manufacturer of kitchen cutlery in the United States and Canada."
CUTCO Corporation and its subsidiaries employ more than 800 people at its factory and administrative offices in Olean. Its product line includes more than 100 kitchen cutlery products, as well as a variety of kitchen gadgets, utensils and flatware.
http://http://www.cutco.com/company/pressDetail.jsp?pressId=702
PRESS RELEASES
Alcas marks 60th anniversary with a name change to CUTCO Corporation
Dec 19, 2008
--------------------------------------------------------------------------------
Olean, N.Y., Dec. 19, 2009 - As the new year begins, so begins a new chapter for Alcas Corporation in Olean as it celebrates its 60th anniversary. Company officials announced that on Jan. 1, 2009, Alcas Corporation will be renamed CUTCO Corporation, reflecting the brand that has been the driver of the company's business for six decades.
CUTCO Corporation will be the parent company of CUTCO Cutlery Corporation, Vector Marketing Corporation, KA-BAR Knives Inc. and Schilling Forge Inc.
"CUTCO is the name that has been with us since 1949," said CUTCO Corporation Chairman, President and CEO Jim Stitt. "By changing the corporate name to CUTCO Corporation we will leverage the brand equity that we have built over the last 60 years."
"Alcas will always be an important part of our history," he added. "If not for the ingenuity and leadership of our early company leaders, we wouldn't be where we are today."
CUTCO cutlery was introduced in 1949 as a new product for Wear-Ever Aluminum, a subsidiary of the Aluminum Company of America (Alcoa). Alcoa formed a joint venture with Case Cutlery in Bradford, Pa., called Alcas Cutlery Corporation, which would manufacture the new cutlery line.
In 1972 Alcas Cutlery Corporation became a wholly owned subsidiary of Alcoa. Ten years later, a group of company officers purchased Alcas Cutlery Corporation from Alcoa, taking the company private.
Shortly after the management buyout, Alcas Cutlery Corporation purchased Vector Marketing Corporation, which became the distributor of CUTCO products in North America.
In 1990, CUTCO Cutlery Corporation was created to be the manufacturing subsidiary alongside Vector Marketing Corporation, and the parent company's name was changed from Alcas Cutlery Corporation to Alcas Corporation.
CUTCO has been making its products at its East State Street location since the first CUTCO knife was produced in March of 1949. It's something that company leaders are very proud of.
"We're proud to say that we've been able to keep our knives made in America," Mr. Stitt said. "When so many other companies are outsourcing their manufacturing, we've dedicated ourselves to keeping our manufacturing here in Olean. In fact, we are the largest manufacturer of kitchen cutlery in the United States and Canada."
CUTCO Corporation and its subsidiaries employ more than 800 people at its factory and administrative offices in Olean. Its product line includes more than 100 kitchen cutlery products, as well as a variety of kitchen gadgets, utensils and flatware.