This year marks the 50th anniversary for Mountz Inc. in business. Mountz is truly honored to have reached such a major milestone with the help from all of our customers as well as current and former employees. To be in business 50 years is no small feat. A study in Bloomberg Business Week magazine claims that one – third of all Fortune 500 companies active in 1970 had vanished by 1983. In the fast-paced world of Silicon Valley, flush with IPO’s angel investing, mergers and acquisitions, corporate existence is measured on an entirely different scale than longevity. The average lifespan of a company listed in the S&P 500 index of leading US companies has decreased by more than 50 years in the last century, from 67 years in the 1920s to just 15 years today, according to Professor Richard Foster from Yale University.
We have been sharing a look back in Mountz history on our social platforms. Here is a quick recap from our 50th anniversary postings.
1. Don Mountz, a native Californian and entrepreneur formed Mountz, Inc. in 1965 from the bedroom of his Cupertino home, before there was silicon in Silicon Valley. Learn more about the founder of Mountz, Inc.
2. Starting a new business has many challenges and rewards along its journey. Don Mountz, Chairman of the Board/Founder of Mountz Inc., shares his stories of hiring his first employees.
3. Chuck Serafini began his employment at Mountz in the early 1970s. He reflects upon the many changes he has experienced at Mountz during his 45 years with the company. Hear from an original Mountz employee, Chuck Serafini, on what it’s like to work for an American original!
4. Torque is not something that we think about on a daily basis, but it impacts our daily lives more than you think. Learn how.
5. Dick Mountz joined Mountz, Inc., in January 1975. Much discussion occurred within both families regarding Dick joining his brother’s business. The company required an experienced toolmaker and machinist to help meet the demand of customer specials as the “Customizing” part of the business was rapidly growing. Learn more about Dick Mountz as he was one of the most talented toolmakers and special designers in the torque tool industry.
6. The Mountz TB or Torque Break-Over Wrench came to life to fill a customer application request in the late 1960s. AMPEX Corporation, founded in 1944, in San Carlos, California by Alexander M. Poniatoff was a pioneer in early audio and film recording and later data instrumentation devices. Today Mountz is the largest maker of break-over torque wrenches under 100 inch pounds. Mountz shares the evolution of the reliable TB break-over torque wrench.
7. Mountz developed the first electronic torque tester in the 1970s for the U.S. Navy Polaris missile program. Read our story regarding the early development of torque testers.
Since 1965, Mountz Inc. has proven its in-depth knowledge of torque and fastening solutions by consistently developing, producing, marketing and servicing highly sophisticated, cutting-edge tools. Mountz Inc., Stay tuned for more of the stories behind Mountz…. click here to go to all the Mountz 50 Year Anniversary blog posts.
