Ex-Cell-O Aircraft and Tool Corporation - 1933 dated Blue Stock Certificate - Later known as Ex-Cell-O Corporation
Inv# GS6002C Stock
New York
Stock printed by Columbian Bank Note Company. Ex-Cell-O Corporation (commonly known as Ex-Cell-O) was an American manufacturer of machinery and machine tools located in suburban Detroit, Michigan, United States. The company was in operation from 1919 to 2006.
The company was established in 1919 as Ex-Cell-O Tool and Manufacturing Co. by a group of tool and die makers, all of whom were former employees of Ford Motor Company. The site of the original shop was located in Highland Park, Michigan. This location is a few blocks from the world's first automobile assembly line, at the Highland Park Ford Plant. Newton "Woody" Woodworth served as the first president and general manager.
In its early years, around sixty percent of the company's business was manufacturing parts and fixtures for aircraft. Due to its focus on the aviation industry, the company name was changed to Ex-Cell-O Aircraft and Tool Corporation in 1927. At this time, they also made grinding machines (including Carboloy-branded grinders that Carboloy, Inc. sold) and air-driven grinding spindles.
In 1937, Woodworth left the company, which was then reorganized as Ex-Cell-O Corp. The more general name was chosen to reflect their increasingly diverse product lines, which included high-precision thread grinders, boring machines, facing machines, and lapping machines.
Ex-Cell-O was part of the Arsenal of Democracy. During World War II, they manufactured the following products for military use:
- Nozzle plates for rockets
- Aircraft engine parts
- Boring machines
- Thread grinding machines
- Center lapping machines
By the mid-1960s, the company was based in Troy, Michigan. In 1986, Ex-Cell-O was acquired by defense industry conglomerate Textron for $77.50 per share in cash, totaling about $1.1 billion (about $3.1 billion in 2023 dollars). Under the merger agreement, Ex-Cell-O became a wholly-owned subsidiary of Textron. Ex-Cell-O began laying off all employees on April 28, 2006. Read more at https://en.wikipedia.org/wiki/Ex-Cell-O
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
Ebay ID: labarre_galleries