The Mosler Safe Company was an American multinational manufacturer of security equipment specializing in safes and bank vaults. In 2001, the company was acquired by Diebold Inc. after going bankrupt.
History
In 1867, Gustave Mosler and Fred Bahmann founded Mosler, Bahmann & Company in Cincinnati, Ohio. In 1874, after Gustave's death, the Mosler family had a falling out with Bahmann. The family left Mosler, Bahmann & Company to start the Mosler Safe & Lock Company. Both companies remained in Cincinnati until the 1890s. When Mosler Safe & Lock Co. outgrew its original factory in 1891, it relocated to Hamilton, where it remained until its bankruptcy. Mosler, Bahmann & Company remained in business until around 1898.[1]
Mosler was controlled by its founding family until 1967, when they sold it to American Standard Companies.[2] American Standard then sold the division to a group of Mosler managers and outside investors in 1986.[3]: 48
After 134 years in business, Mosler filed Chapter 11 bankruptcy in August 2001, citing continuing debt problems, and ceased operations shortly thereafter. Diebold subsequently announced programs to support former Mosler customers[4] and bought most of the original company in bankruptcy court a few months later.[5]
Products
CEO William Mosler (right) presenting a model of the shrine to Vice President Richard Nixon and Ohio Senator John W. Bricker (left)
Mosler's safes and vaults were renowned for their strength and precise manufacturing. Several Mosler vaults installed in Hiroshima's Mitsui Bank building prior to WWII survived the nuclear attack, a fact the company widely publicized in its marketing.[4][6] Mosler safes were also used by the U.S. government in its Manhattan Project, although physicist Richard Feynman had a hobby of cracking them.[7]
^Feynman, Richard P. (1985), Leighton, Ralph (ed.), Surely You're Joking, Mr. Feynman!: Adventures of a Curious Character, W. W. Norton & Company, ISBN0-393-01921-7, OCLC10925248
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