What's Happening?
The Collins Company, founded in 1826, began as a small axe factory in Canton, Connecticut, and grew into a global leader in tool manufacturing. The company produced high-quality axes, machetes, and other edge tools, gaining international recognition.
Despite financial challenges in the early years, the company restructured and expanded its product line, eventually supplying 80% of the world's machetes. The Collins Company closed in 1966 after 140 years of operation.
Why It's Important?
The Collins Company's journey from a modest axe factory to a global manufacturing leader illustrates the significance of innovation and strategic expansion in achieving industry success. Its ability to overcome financial challenges and adapt to market demands underscores the resilience required in the manufacturing sector. The company's closure highlights the impact of external factors such as competition and technological advancements on long-standing businesses.
