CTS Corporation - The Company Growing at an Impressive Speed:
CTS Corporation first started as the Chicago Telephone Supply Company in 1896. The company was started by a father and son team, A.J and George A. Briggs that partnered with S.A. Buffington, a Chicago Lawyer. Buffington sold his part of the company within 1 year of opening the company. The company started off by manufacturing and selling telephones through a local supply house. What was a small company turned into a large workforce of 250 employees within only 6 years of its opening.
CTS Corporation has been able to grow because it has been able to adapt to the evolving markets such as expanding from only manufacturing telephones to manufacturing telephone switchboards. By 1910, the corporation had a variety of telephone models and also 20 different types of switchboards.
The company adapted to the public’s demand once again during the late 1940s when they began to manufacture a variable resistors and switches for the new television markets. With the introduction of the television to America, CTS Corporation was able to dramatically increase its sales by manufacturing variable resistor components for televisions.
Know about the Company’s Major Acquisitions: In 1960 the Chicago Telephone Supply Changed its name to CTS Corporation because they believed it was a better fit since manufacturing telephones was not their main focus. A milestone for the company was when they went public on June 4, 1962 on the New York Stock Exchange.
After going public, CTS Corporation made a few acquisitions that widen their horizons which include:
The acquisitions of CTS Corporation gave the corporation leadership in designing and manufacturing sensors and actuators, and electronic products for a variety of markets. Those markets include automotive, communications, medical, industrial, defense & aerospace, and computer.
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