Colt Industries Inc. - Specimen Stock Certificate - Very Rare

Specimen Stock printed by Security-Columbian Banknote Company. Available in Dark Green, Blue, Aqua, Light Green or Brown. Please specify color.

Widely known for its firearms, Colt Industries is more than a gun company. With 78 manufacturing plants in 25 states and several foreign countries, Colt is a broadly diversified, billion dollar conglomerate. It didn’t always look like Colt would be around long enough to expand into other businesses. The company was incorporated in 1954 as Penn-Texas Corp., the plaything of Leopold Silberstein. It was among the first of the conglomerates, growing entirely through acquisitions. The company staggered, however, and five years later the company was renamed Fairbanks Whitney Co. to establish a fresh identity for itself. What is today Colt Industries was born in 1962. That year George A. Strichman left his middle management job at International Telephone & Telegraph Corp. to become president and chairman of Fairbanks Whitney. Shortly after, he described the company as “a case history in catastrophe.� It had been through a decade of mismanagement and wheeler-dealing that ended in a flurry of proxy-fights and multi-million dollar losses. A few months later, Strichman recruited David L. Margolis, who had worked with Strichman at ITT, to be financial vice-president and treasurer. The company’s profile desperately needed to be defined. Its operation ranged from Pennsylvania coal mines and firearms to machine tools and a hodgepodge of other industrial products. To help the company make the transition, the company in 1964 adopted the name Colt Industries. Read more at https://en.wikipedia.org/wiki/Menasco_Motors_Company#Colt_Industries

In 1977, Colt Industries bought Menasco as part of its expansion into the aerospace technology development and manufacturing business sector. Colt Industries sold its firearms business, a divestiture that led it to change its name to Coltec Industries to emphasize its role as a producer of aerospace, automotive and industrial products. Coltec was a manufacturer of landing gear systems, engine fuel controls, turbine blades, fuel injectors, nozzles and related components for commercial and military aircraft, and also produces high-horsepower diesel engines for naval ships and diesel, gas and dual-fuel engines for electric power plants. The divisions, principal products and principal markets of the Aerospace/Government segment are as follows:

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