THE LS STARRETT COMPANY

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L. S. Starrett Company (NYSE: SCX) is an American manufacturer of tools and instruments used by machinists and tool and die makers. The company was founded when businessman and inventor Laroy Sunderland Starrett (1836–1922) bought the Athol Machine Company in 1905. The company patented such items as the sliding combination square, bench vises, and a shoe hook fastener. They make precision steel rules and tapes, calipers, micrometers, and dial indicators, among many other things. Starrett employs about 2,000 people worldwide and the company claims to be the last remaining full-line precision tool company to be manufacturing their products within the United States. However, much of the firms manufacturing takes place at facilities in the Peoples Republic of China, Brazil, Germany, and the UK, with 28% of Starretts worldwide sales being in Brazil in 2013. The history of Starrett has been one of continuous expansion through the patenting of products and takeovers of other manufacturers. In 1878 Laroy S. Starrett invented and patented the first combination square, and in 1880 he founded the L.S. Starrett Company in Athol, MA in order to produce it and other precision tools. In 1882, Starrett traveled to London and Paris to appoint sales representatives, thereby starting up the international marketing of his products.[citation needed] In 1887, Starrett acquired further patents.[citation needed]

Snapshot

Founded1880
Annual Report
Total value of jobs:
$800,000
Average Pay:
$133,333
% Masters:
22%

THE LS STARRETT COMPANY Salaries

Senior Electrical Engineer

$125K

$125K

Average Salary:$125,000

Territory Sales Representative

$125K

$175K

Average Salary:$150,000

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