Principal Spotlight: CLEVELAND

The Cleveland Twist Drill Company, was founded in 1876. by Jacob D. Cox, Sr., he used $2,000 borrowed from his father to buy a 50 percent stake in C. C. Newton’s small twist drill factory in western New York. Later that year, he moved the company to Cleveland, Ohio. The 1968 merger of the Cleveland Twist Drill Company and the National Acme Company created Acme-Cleveland Corporation. Although Cleveland Twist Drill was Acme-Cleveland’s founding business, accounting for two-thirds of overall sales, it was sold in the fall of 1994 to longtime rival Greenfield Industries Inc. Cleveland Twist Drill tools are manufactured at product-specific plants across the globe. On-site development engineers and technical specialists assure that each tool meets the highest performance standards in the industry. In July 2009 TDC bought Cleveland Twist and is now part of Greenfield Industries.