Vector Marketing - History

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:

    If usually the “present age” is no very long time, still, at our pleasure, or in the service of some such unity of meaning as the history of civilization, or the study of geology, may suggest, we may conceive the present as extending over many centuries, or over a hundred thousand years.
    Josiah Royce (1855–1916)

    ... in a history of spiritual rupture, a social compact built on fantasy and collective secrets, poetry becomes more necessary than ever: it keeps the underground aquifers flowing; it is the liquid voice that can wear through stone.
    Adrienne Rich (b. 1929)

    History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,—when did burdock and plantain sprout first?
    Henry David Thoreau (1817–1862)