Dale Newberry remembers his father persuading him to be his business partner at a family birthday party in Lawndale, Calif.
It was 1969. Newberry had heard the pitch before. His father, Jack Newberry, was a master machinist. He wanted his son to help him mill some of the ultra-hard cutting tools for which he had hatched ideas. Father and son would sell them to machine shops in Southern California to use as cutting instruments.
At age 24, Newberry had just returned from his third tour of military duty. He served as an electrician on an aircraft carrier in the Vietnam War. He was intrigued by his fathers invitation, but skeptical.
We were talking about it at my folks house, and I said, OK, lets give it a try, Newberry recalled in August. Dad was very ebullient. He could charm a snake. I always had to ask myself, Is this on the up and up? Is this really true? I told myself Id give it five years.
So father and son went into business with two machines in Jack Newberrys carport. He parked his displaced Toyota pickup in front.
The venture that began 44 years ago has evolved into Micro 100 Tool Corp. at 1410 E. Pine Ave., Meridian. The $15 million-a-year business sells from a catalog of 12,000 carbide tools to more than 600 U.S. distributors and others in 40 countries. The company has 110 employees and has been profitable since 1977.
Read the full story Tuesday in Business Insider.