Global Fastener News

1987 FIN – Management Employees Buy Dyson

June 03
00:00 2013

January 26, 1987 FIN – Joseph Dyson & Sons, Inc., Painsville, Ohio, has been purchased by a group of 14 management employees. As shareholders of the company, the 14 employees also elected new board members and company officers.

Dyson operates three divisions including the Material Handling division. Which markets forks and attachments for lift trucks and also storage racks; the Fastener division, which manufactures a wide range of standard and custom bolts, nuts, and tie rod assemblies; and the Dependable division, which manufactures lock nuts, nuclear fasteners and life truck parts. Dyson controls the operations of the Materials Handling and Fastener divisions. The Dependable division operates separately from the other two divisions.
The new board of directors for Dyson includes Theodore Wolf, chairman; Donald DiBartolomeo, vice chairman; Jeffrey J. Campbell; John Millonzi; William Nortunen; David J. Richards, Jr., and Patrick F. Sheffield. Newly elected officers for Dyson include Wolf as president, DiBartolomeo as vice president and general manager, Campbell as secretary and treasurer, Nortunen as vice president of manufacturing, and Sheffield as vice president sales.
The Dependable Division’s board of directors includes Theodore L. Wolf, chairman; John Millonzi, vice chairman; Jeffrey J. Campbell; Donald DiBartolomeo; and Frank B. Robb. New officers include Wolf as president, Millonzi as vice president and general manager, and Campbell as secretary and treasurer. Wolf has been with the company for 27 years. Before the buy-out he had been named president in 1984 and prior to that he was vice president and general manager.
Dyson Founded in 1884
Dyson was founded in 1884 in Cleveland, Ohio by Joseph Dyson, an English blacksmith, to make iron and steel forgings for engines, street cars and other equipment.
The company was later purchased by Bardons & Oliver, a leather maker and was a captive shop for a number of years.
The company then came under the ownership and direction of Margaret Oliver and Robert H. Collacott and their family. Dyson prospered under their direction through the next decades and through two generations. Descendants May Targett and Catherine DeWitt owned the company at the time of purchase.
Presently, all three divisions operate out of one 100,000 sq ft facility with Dyson employing about 120 people. The Fastener division, a hot forge operation, produces bolts in sizes from 5/8 inch and up, while the Dependable division produces fasteners below 1-1/2 inch.
The company markets directly to distributors in the commercial fastener business and also through manufacturer representatives.
Dyson has appointed the following representatives: Fred Buckner, of FLB Industries is the representative for Texas. Don Coar , will represent the company in Florida. Harley Clevenger, of Clevenger and Associates, will represent the company in North and South Carolina.
Joseph Dyson & Sons is headquartered at 53 Freedom Road, Painsville, OH 44077. ©1987/2013 Fastener Industry News.

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