Clevite Corporation
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Product Details
CompanyClevite Corporation
Certificate Type
Common/Cumulative Preference Stock
Date Issued
1960's
Canceled
Yes
Printer
American Bank Note Company
Signatures
Hand signed
Approximate Size
12" (w) by 8" (h)
Images
Representative of the piece you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
Clevite was a Cleveland, Ohio based manufacturing company, founded as the Cleveland Graphite Bronze Company. The company was a leading producer of Babbit bearings and a significant US government defense contractor.
In 1952 the Cleveland Graphite Bronze Company absorbed the Brush Development Company and Brush Labs in a merger. In 1953 it acquired 51% of Transistor Products Inc., and with other acquisitions such as the German Intermetall in 1955 (a company founded in 1952 by pioneering German physicist and developer of the first "European" transistor Herbert Mataré, and subsequently sold to telecommunications giant ITT in 1965) developed a semiconductor division.
By 1959, over one-third of Clevite's sales were in electronics, split over four units: Clevite Transistor Prods.; Brush Instruments; Clevite Electronic Components; and Clevite Ordnance. Clevite won defense contracts for some of its products and opened a new ordnance plant in 1967.
In 1969, Clevite was acquired by Gould-National Batteries, a firm one-quarter its size. It adopted the Gould name in the hopes of having better brand recognition in the marketplace.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.