Glen knew his next move had to be purchasing part of the company he had already put so much energy into, so he went about developing a deal that would give a family man just out of college the means to do so. Mr. Carlson agreed to share profits if Glen could boost revenue without any additional cost.
So Glen put his farm boy ingenuity to work. Using parts from an old TV, a car, and a stove, among other things, he built a stamping press that could do its typical job in one step instead of two. This saved a penny per napkin imprint, which eventually turned into a fortune and allowed Glen to purchase Carlson Craft upon Bill Carlson’s retirement in 1975. In the same stroke he officially set up the holding company of Taylor Corporation.
So Glen put his farm boy ingenuity to work. Using parts from an old TV, a car, and a stove, among other things, he built a stamping press that could do its typical job in one step instead of two. This saved a penny per napkin imprint, which eventually turned into a fortune and allowed Glen to purchase Carlson Craft upon Bill Carlson’s retirement in 1975. In the same stroke he officially set up the holding company of Taylor Corporation.