1963
General information
Commodore's major focus in 1963 was to consolidate and strengthen the distribution of their main product lines of typewriters, adding machines and copying machines. They attempted to achieve this mainly through acquisitions.
Notable company events
- Commodore purchased Willy Feiler Zahl-Und Rechenwerke GMBH, a West German manufacturer of office equipment, for a total investment of $1,247,893.72.
- Commodore purchased a 49.34% interest in Analogue Controls, Inc, a precision manufacturer of technical components in New York, for $276,343.66.
- Commodore acquired Humber Typewriter & Business Equipment Co. Ltd, a small but efficient wholesale distributing company in Toronto, Ontario from Evermac Office Equipment Company Limited (another Tramiel/Kapp company) for $175,000 on April 26, 1963.<ref>Report of The Royal Commission Appointed to Inquire into the Failure of Atlantic Acceptance Corporation Limited, p.410</ref>
- ACE Industries Limited, an Irish subsidiary of Commodore, was incorporated on December 18, 1963.<ref>Report of The Royal Commission Appointed to Inquire into the Failure of Atlantic Acceptance Corporation Limited, p.415</ref>
Products
Commodore's product line in 1963 consisted of various models of portable typewriters, adding machines and copying machines.
Revenue and profit
These numbers do not include the newly acquired Willy Feiler and Analogue Controls.
| Revenue | $4,510,398.15 |
| Net profit | $143,043.13 |
Directors
| C. Powell Morgan - Toronto | Executive |
| Jack Tramiel - New York | Executive |
| Manfred Kapp - Toronto | Executive |
| J. Aubrey Medland - Toronto | Executive |
| Fenimore Fisher - New York | Executive |
| Harry Wagman - Toronto | Chartered Accountant |
| Carman G. King - Toronto | Investment Dealer |
| Douglas R. Annett - Toronto | Investment Dealer |
| Carl M. Solomon - Toronto | Solicitor |
Officers
| C. Powell Morgan | Chairman of the Board |
| Jack Tramiel | President |
| Manfred Kapp | Secretary-Treasurer |
| Fenimore Fisher | Vice President |
Corporate entities and subsidiaries
| Location | Corporate Entity |
|---|---|
| Toronto, Ontario | Commodore Business Machines (Canada) Ltd. |
| Commodore Drycopy Ltd. | |
| Humber Typewriters and Business Equipment Ltd. | |
| New York, N.Y. | Commodore Business Machines, Inc |
| Commodore Drycopy, Inc | |
| Analogue Controls Inc. | |
| West Germany | Willy Feiler Zahl-Und Rechenwerke GMBH |
June 30, 1963: Commodore Business Machines (Canada), Ltd. Annual report to shareholders