Brady, widely known in railroad supply circles vice-president W. The officers of the new company are as follows: President, James B. It is described as having a capacity of 1000 tools a month. The Aurora plant is a large one and is admirably equipped for the production of pneumatic tools of every description.
Temporary offices of the company have been established in the First National Bank Building, Chicago. The Independent Pneumatic Tool Company.-This company has bought the plant and business of the Aurora Automatic Machinery Company, Aurora, Ill., which has recently placed on the market the Thor piston air drills, reversible and nonreversible, and the Thor pneumatic riveting, chipping, calking and beading hammers, piston air motor hoist, air turbine saws and other pneumatic tools and appliances. Certified List of Domestic and Foreign Corporations for the Year 1902 lists Aurora Automatic Machinery Company, of Claim street in Aurora, capital stock of $50,000 president was Axel Levedahl and secretary was C.Over the next few years, Stewart-Warner continued to purchase more shares in Thor, and it appears that the "Thor Power Tool Co." was supplanted by "Stewart-Warner Corp." by 1988 by that time they were no longer selling bench grinders or handheld power tools. Stewart-Warner continued an advisory relationship with Thor, and in December of 1964 a Stewart-Warner employee assumed the presidency of Thor Power Tool Co. Shortly afterwards, Stewart-Warner claimed that Thor had overstated its assets and understated its liabilities, and the purchase agreement was rescinded. and merging Thor into its own organization. announced that they were acquiring Thor Power Tool Corp. And some grinders bore Thor or Speedway labels. Some grinders were sold through Montgomery Ward Co. of Cicero, Ill., was acquired in 1954 and its name and brands, including "Speed Way" and "Speedway", were incorporated into the Thor family. Another handheld power tool maker, Speedway Manufacturing Co. name was dropped in favor of Thor Power Tool Co. We have also seen the name Thor-Nado used on hammer drills. The company had long used the Thor trade name on all its products. While the pneumatic and electric hand tool lines had been thriving, the motorcycle business was dwindling, and in 1919 was dropped altogether. In 1918 the two organizations were merged together under the Independent Pneumatic Tool Co. Over the next few years the pneumatic tool line continued to thrive, and was extended to include electric tools as well, especially electric drills. By 1905 the company had created a line of pneumatic tools, and in the middle of that year, created a wholly-owned stand-alone organization to manufacture and sell that line, the Independent Pneumatic Tool Co., leaving Aurora to focus on its motorcycle business. In 1902 the company was renamed to the Aurora Automatic Machinery Co. began as a machine shop in 1886, making bicycle parts, and, later, motorcycle parts.
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