• Joseph F. Ahearn and Per H. Enlund were hired to convert company to machine and tool and die operation, as safety pins proved difficult to manufacture
    • IBM (located in Endicott, NY less than 10 miles from Universal headquarters) calls upon Universal for precision tool and die machining
    • Company also begins tooling parts for local washing machine manufacturers
    • Business continues to grow and expands into a larger facility at 20 Wall Street
    • Universal shareholders earn dividend on profits
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