• 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