SPIROL, a global manufacturer of precision-engineered components for fastening and joining, is celebrating its 75th anniversary. Since the company’s inception in 1948, the company has been focused on helping customers be more competitive through innovative fastening solutions. Today, that number includes 15,000 customers, globally.
SPRIOL is also committed to serving its constituents, who have made the company what it is. This includes shareholders, employees, customers, and their community.
This tenet is in lockstep with the founding families of SPIROL, who after three-quarters of a century, are all still intimately involved with the inner workings of the company. Learn more about the history of the company here.
In today’s business world, if the shareholders were only interested in maximizing their return, they would force the minority shareholder out of the business or they would sell the organization. However, this goes against the grain of this family-centric company, and certainly would not be in the best interest of the rest of SPIROL’s constituents.
Hans Koehl, the son of one of the founding members, Herman Koehl, started working for the company when it was originally called Connecticut Engineering and Manufacturing Company in 1959. He retired from active management of the company as chairman and CEO in 2004 after 45 years of dedicated service.
Although retired from the day-to-day operations, Koehl continues to serve as the chairman of the SPIROL Holding Corporation, and his son, Jeffrey Koehl, is now the CEO.