“One of the world’s oldest lock manufacturers.”
Yale & Towne
In 1868, the business was founded in Stamford, Connecticut, by Henry R. Towne and Linus Yale, Jr., an inventor of the pin tumbler lock. The founding name of the corporation was Yale Lock Manufacturing Co. and later the name was changed to Yale & Towne.
Linus Yale Jr.
Linus Yale Jr. (April 4, 1821 – December 25, 1868) was an American mechanical engineer, manufacturer, and co-founder of the Yale Lock Manufacturing Company. He is best known for his inventions of locks, especially the cylinder lock. His basic lock design is still widely distributed today, and constitutes a majority of personal locks and safes.
Henry R. Towne
Henry Robinson Towne (August 24, 1844 – October 15, 1924) was an American mechanical engineer and businessman, known as an early systematizer of management. Towne was born in Philadelphia in 1844. He attended the University of Pennsylvania from 1861 to 1862, where he was a member of St. Anthony Hall,[4] but did not complete a degree. The university later awarded him an honorary master’s degree.
An Expansive Business
In the early 20th century, the company expanded its international sectors and engaged in global market by conducting partnership, mergers and acquisitions, and joint ventures with other companies in the same industry. In addition, the firm increased employment to more than 12,000 people, along with the business expansion.
Yale & Towne
