History
Vector Marketing Corporation and Cutco Cutlery Corporation are wholly owned subsidiaries of Cutco Corporation. Formerly known as Alcas Corporation, the company was created as a joint venture between Alcoa and Case Cutlery. The factory in Olean, New York was completed in 1949, and the first set of Cutco Cutlery was shipped to New Kensington, Pennsylvania that same year. Alcoa purchased Case's share of the company in 1972.
In 1982 members of management purchased the company from Alcoa in a management buyout. The company remains privately held, and is a major employer in Cattaraugus County, New York.
Vector began as an independent distributor of Cutco Cutlery in 1981. Then Vector was purchased by Alcas Corporation in 1985 (in 2009 Alcas changed its name to Cutco Corporation). Vector Marketing then expanded into Canada in 1990.
As of 2011, Vector has more than 200 offices throughout the U.S. and contracts about 60,000 student workers each year to perform entry-level sales work.
Read more about this topic: Vector Marketing
Famous quotes containing the word history:
“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)
“The history is always the same the product is always different and the history interests more than the product. More, that is, more. Yes. But if the product was not different the history which is the same would not be more interesting.”
—Gertrude Stein (1874–1946)
“This above all makes history useful and desirable: it unfolds before our eyes a glorious record of exemplary actions.”
—Titus Livius (Livy)