Difference between revisions of "1964"
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== Notable company events == |
== Notable company events == |
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* In October, 1964 Commodore sold its stake in Analogue Controls, Inc |
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== Products == |
== Products == |
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Revision as of 01:18, 17 July 2018
General information
Commodore continued their growth strategy by purchasing three additional companies in 1964: Associated Tool & Manufacturing Company Limited (a tool and die company), Belpree Company Limited (a metal stamping operation) and Commodore Industries Limited (a business machines manufacturer). These new companies would provide Commodore with additional manufacturing capacity for its existing products and allow it to pursue products in new markets.
Commodore had already begun marketing steel office furniture and they believed they could increase production capacity and profits by manufacturing it themselves. They began construction of a new manufacturing facility behind the site of their Canadian headquarters on Warden Avenue in Scarborough, Ontario. Belpree's operations would move into this new facility to commence manufacturing steel office furniture for Commodore.
New lease contracts were signed with Macy's and Bamberger's to continue to allow Commodore to sell its products from retail spaces in those stores in the United States. Commodore's overall dealer network increased to approximately 2500 dealers by 1964.
Notable company events
- In October, 1964 Commodore sold its stake in Analogue Controls, Inc
Products
Revenue and profit
| Revenue | $5,088,449.34 |
| Net profit | $190,425.34 |
Directors
| C. Powell Morgan, C.A. - Toronto | President, Atlantic Acceptance Corp., Ltd. |
| Jack Tramiel - New York | President |
| Manfred Kapp - Toronto | Executive Vice-President |
| Harry Wagman, C.A. - Toronto | Partner, Wagman, Fruitman & Lando, C.A. |
| Wilfrid P. Gregory, B.A., Q.C. - Stratford, Ontario | President, British Mortgage & Trust Co. |
| Rennie A. Goodfellow - Toronto | Partner, Barrett Goodfellow & Co. |
| J. Aubrey Medland, B.COM., C.A. - Toronto | President, Culverhouse Canning Co. |
| Carl M. Solomon - Toronto | Partner, Solomon & Singer |
| Carman G. King | Partner, Annett Partners Ltd. |
Officers
| C. Powell Morgan | Chairman of the Board |
| Jack Tramiel | President |
| Manfred Kapp | Executive Vice-President & Secretary |
| Harry Wagman, C.A. | Treasurer & Assistant Secretary |
Corporate entities and subsidiaries
| Location | Corporate Entity |
|---|---|
| Canada | Commodore Business Machines (Canada) Ltd. |
| Commodore Drycopy Ltd. | |
| Humber Typewriters and Business Equipment Ltd. | |
| Belpree Company Ltd | |
| Associated Tool & Manufacturing Co. Ltd | |
| USA | Commodore Business Machines, Inc |
| Commodore Drycopy, Inc | |
| Analogue Controls Inc. | |
| West Germany | Willy Feiler Zahl-Und Rechenwerke GMBH |
| Ireland | Commodore Industries Limited |
June 30, 1964: Commodore Business Machines (Canada), Ltd. Annual report to shareholders