Here is a bit of a blurb on the Hunt purchase of Xacto from CBS in ‘81:

“As Hunt moved into the 1980s, the company continued its long streak of profitability, as demand for its staple items continued strong. In March 1981, Hunt paid $13.9 million for two properties previously owned by CBS Inc., the X-Acto company, which made hobby knives, and the House of Miniatures company, which sold dollhouse miniatures through the mails. Both were located in Long Island City, New York. At the time of this purchase, Hunt took on $15 million in debt, in order to increase its holding in the hobby and leisure products industry even further, since it believed that this market showed strong potential for growth.”

Taken from: https://www.referenceforbusiness.co...ng-Company.html

Earl

__________________
Earl L. Cagle, Jr.
NAR# 29523
TRA# 962
SAM# 73
Owner/Producer
Point 39 Productions

Rocket-Brained Since 1970