HISTORICAL TIMELINE
- 1924 — Alex Manoogian migrates to Detroit where he takes a job in a screw machine shop.
- 1929 — Alex Manoogian organizes Masco Screw Products Company in Detroit, Michigan, machining parts for the automotive industry.
- 1930 — Masco’s first contract from the auto industry comes from the Hudson Motor Car Company and totals $7,000.
- 1935 — Annual sales exceed $100,000 for the first time.
- 1936 — Masco becomes a public company and is listed on the Detroit Stock Exchange.
- 1942 — Masco’s annual sales exceed $1 million.
- 1948 — Expanding its manufacturing efforts, Masco purchases a plant on Ford Road in Dearborn, Michigan.
- 1952 — Masco acquires rights to a single-handle washerless faucet and Alex Manoogian begins redesigning the product.
- 1954 — Masco begins production and marketing of the Delta single-handle faucet.
- 1958 — Delta Faucet annual sales exceed $1 million. Richard Manoogian joins the Company.
- 1961 — Masco Screw Products Company changes its name to Masco Corporation.
- 1967 — Masco Corporation moves to new corporate headquarters in Taylor, Michigan.
- 1968 — Richard Manoogian becomes President and Chief Operating Officer.
- 1969 — Masco Corporation is listed on the New York Stock Exchange.
- 1975 — Masco joins the Fortune 500 list of the largest U.S. corporations.
- 1983 — Masco’s annual sales exceed $1 billion.
- 1984 — Masco Industries is created as a separate operating unit. Sales of the combined companies exceed $1 billion.
- 1985 — Masco enters the cabinet manufacturing business.
- 1988 — TriMas Corporation is created from a group of Masco Industries and Masco Corporation specialty products companies.
- 1991 — TriMas Corporation is listed on the New York Stock Exchange.
- 1993 — Masco Industries becomes MascoTech, Inc. and is listed on the New York Stock Exchange.
- 1995 — Masco enters the services business.
- 1996 — Ray Kennedy becomes President and Chief Operating Officer. Alex Manoogian passes away on July 10 at age 95. Masco divests its furniture industry.
- 1998 — TriMas Corporation merges with MascoTech to form one company offering a wide array of diversified products. Masco announced a 2-for-1 stock split, the ninth time the Company has split its shares since 1960 and the 40th consecutive year its dividends have increased.
- 1999 — Masco enters the architectural coatings business. Annual sales exceed $5 billion.
- 2001 — Masco enters the windows business. Masco’s operating profit exceeds $1 billion.
- 2003 — Ray Kennedy, Masco’s President and Chief Operating Officer, passes away on February 4 at age 60. Masco increases its quarterly dividend for the 45th consecutive year. Masco’s annual sales exceed $10 billion. On April 8, Alan Barry was appointed Masco's President and Chief Operating Officer.
Masco increases its quarterly dividend for the 47th consecutive year, ranking Masco among the top ten publicly-owned companies achieving increased annual consecutive dividends.