Career
Arriving in Bridgeport, Connecticut in 1920, Manoogian began working as a machinist. He also worked for short periods in Rhode Island and in Massachusetts. In time he was joined by his parents, two brothers and two sisters.
Manoogian and his family moved to Detroit, Michigan in 1924, attracted to opportunities in the booming auto industry. After gaining more experience, in 1929 he founded the Masco Screw Company, later known as Masco Corporation. By 1936, in the midst of the Great Depression, Manoogian had expanded Masco to the point that it was listed on the New York Stock Exchange (NYSE). Manoogian's redesign and production of the Delta faucet, which allowed one-handed use, resulted in best-selling status for the plumbing fixture and generated substantial profits for his business wealth. In 1995 his company had $3 billion dollars in sales and had 38 percent of the domestic market for faucets.
Read more about this topic: Alex Manoogian
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