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:
“I believe my ardour for invention springs from his loins. I can’t say that the brassiere will ever take as great a place in history as the steamboat, but I did invent it.”
—Caresse Crosby (1892–1970)
“The history of every country begins in the heart of a man or a woman.”
—Willa Cather (1876–1947)
“The only history is a mere question of one’s struggle inside oneself. But that is the joy of it. One need neither discover Americas nor conquer nations, and yet one has as great a work as Columbus or Alexander, to do.”
—D.H. (David Herbert)