The Ferry Cap and Screw Company, located in Cleveland, Ohio, manufactures cold-headed, high- strength precision fasteners for trucks, power generators and construction and industrial markets.
The company was founded by Thomas Ferry of Cuyahoga Falls.1 Ferry completed apprenticeship at the Falls Rivet & Machine Company and began work at the National Screw and Tack Company was a toolmaker. Ferry advanced to the position of a foreman, assistant superintendent, superintendent and general superintendent before.
Ferry resigned from National Screw and Tack in 1907 to found the Ferry Cap and Screw Company in a 9,000 square-foot space in Cleveland.1 Seven workers were employed in the first year, manufacturing between 20 and 30 tons of cap screws, set screws and sewing machine parts. By 1916, 550 worked in the growing factory and the company was producing 4,000 tons of product per year.
By 1998, Ferry Cap and Screw featured a 160,000 square-foot manufacturing facility and 78,000 square-foot in warehousing space with 320 employees and annual sales of $52 million.4 In June, the company was acquired by FabriSteel Products of Southfield, Michigan.
In March 2006, Ferry Cap and Screw leased 85,000 square-feet of the former Lake Erie Screw plant in Lakewood, just west of Cleveland, to expand manufacturing operations.3 At the time, the company expected to retain its headquarters and factory on Scranton where it employs 200. Lake Erie Screw vacated the premises in 2004 when it moved most of its manufacturing operations to Frankfort, Kentucky.
Between July 2007 and September 2008, the company phased out its Cleveland facility and relocated all operations to Lakewood.2[stag_toggle style=”normal” title=”Sources” state=”closed”]
- Avery, Elroy. A History of Cleveland and Its Environs: The Heart of New Connecticut. Vol. 3. Chicago: Lewis, 1918. 213-214. Print.
- O’Donnell, Paul. “Ferry Cap Nears Completion of HQ Move.” Plain-Dealer 14 Aug. 2008. Web. 27 July 2015. Article.
- Bullard, Stan. “Ferry Set to Expand in Lakewood.” Crain’s Cleveland Business, 13 Mar. 2006. Web. 29 July 2015. Article.
- McCracken, Jeffrey. “Detroit Firm Buys Ferry Cap.” Crain’s Cleveland Business, 22 June. 1998. Web. 29 July 2015. Article.