CM ships one millionth Lodestar24 May 2006
During its 50-year history, the well-known product has been used in a wide range of markets, from metal fabrication to show performances.
CM industrial distributor, Teamsesco, of Charlotte, North Carolina secured the purchase of the one millionth Lodestar.
Currently owned by Greg and Trey Smith, Teamsesco was founded in 1913, and the Smith family (now representing four generations) has been involved since 1918.
The company first began distributing with Budgit hoists (a Columbus McKinnon brand) in the 1950s. Then, in the 1970’s Teamsesco became a distributor of CM, making it its largest partner in the distribution side of the business.
Preceding the landmark, CM launched a competition, whereby contenders had to guess the date that the one millionth Lodestar would be shipped - offering a $1,500 cash prize.
The competition was won by AREVA Framatome ANP Inc engineer Dan Harris. Framatome specialises in manufacturing fuel rods and the processing of uranium for fuel in nuclear power production.