It purchased a factory in West Germany to manufacture its own typewriters, began distributing office furniture for a Canadian manufacturer, and sold Pearlsoud radio and stereo equipment.
With the financial backing of Atlantic Acceptance, Commodore expanded rapidly in the early 1960s. In 1962, the company went public on the Montreal Stock Exchange, under the name of Commodore Business Machines (Canada), Ltd. Powell Morgan became chairman of Commodore. To bolster the company's financial condition, Tramiel and Kapp sold a portion of the company to Atlantic Acceptance Corporation, one of Canada's largest financing companies, and Atlantic President C. Commodore funded its operations through factoring over its first two years, but faced a continual cash crunch. in Toronto to sell the imported typewriters.
#HARRODS 2013 VINTAGE SCENE PORTABLE#
On October 10, 1958, Tramiel and Kapp incorporated Commodore Portable Typewriter, Ltd. īy 1958, the adding machine business was slowing, but Tramiel made a connection with an Everest agent in England who alerted him to a business opportunity to import into Canada portable typewriters manufactured by a Czechoslovakian company. After acquiring a local dealership selling Everest adding machines, Tramiel convinced Everest to give him and Kapp exclusive Canadian rights to its products and established Everest Office Machines in Toronto in 1955.
In 1954, they formed a partnership to sell used and reconditioned typewriters and used their profits to purchase the Singer Typewriter Company. Commodore co-founders Jack Tramiel and Manfred Kapp met in the early 1950s while both employed by the Ace Typewriter Repair Company in New York City.
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