Parker Pen Company
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| Subsidiary | |
| Industry | Writing instruments |
| Founded | 1888 |
| Founder | George Safford Parker |
| Headquarters | Newhaven, East Sussex, England |
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Area served
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Worldwide |
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Key people
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George Safford Parker, founder, Kenneth Parker |
| Products | Fountain pens, ballpoint pens |
| Parent | Newell Brands |
| Website | www.parkerpen.com |
The Parker Pen Company is a manufacturer of luxury pens, founded in 1888 by George Safford Parker in Janesville, Wisconsin, United States. In 2011 the Parker factory at Newhaven, East Sussex, England, was closed, and its production transferred to Saint-Herblain, France.
George Safford Parker, the founder, had previously been a sales agent for the John Holland Gold Pen Company. He received his first fountain pen related patent in 1889. In 1894 Parker received a patent on his "Lucky Curve" feed, which was claimed to draw excess ink back into the pen body when the pen was not in use. The company's first successful pen, released in 1899, was the Parker Jointless. The Lucky Curve feed was used in various forms until 1928.
From the 1920s to the 1960s, before the development of the ballpoint pen, Parker was either number one or number two in worldwide writing instrument sales. In 1931 Parker created Quink (quick drying ink), which eliminated the need for blotting. In 1941 the company developed the most widely used model of fountain pen in history (over $400 million worth of sales in its 30-year history), the Parker 51. Manufacturing facilities were set up over the years in Canada, United Kingdom, Denmark, France, Mexico, USA, Pakistan, India, Germany (Osmia-Parker), Brazil and Argentina.
The company bought retailer and catalog company Norm Thompson in 1973, and then sold it off in 1981. In 1976 Parker acquired Manpower just as the temporary staffing market was surging. In time Manpower provided more revenue than the pen business. A 1982 spinoff, Sintered Specialties, Inc., became SSI Technologies, a manufacturer of automotive sensors.
A management buyout in 1987 moved the company's headquarters to Newhaven, East Sussex, England, which was the original location of the Valentine Pen Company previously acquired by Parker. In 1993 Parker was purchased by the Gillette Company, which already owned the Paper Mate brand - the best-selling disposable ballpoint. In 2000 Gillette sold its writing instruments division to the company Newell Rubbermaid, whose Sanford Stationery Division became the largest writing instrument manufacturers in the world at that time, simultaneously owning such brand names as Rotring, Sharpie, Reynolds as well as Parker, PaperMate, Waterman, and Liquid Paper.
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Wikipedia