Paper mate

Fran Seech was an unemployed chemist who had work for a ballpoint pen company that went bankrupt in the big pen bust in early 1950s.

Working out of his house, Seech invented a new ink formula. In 1949, Patrick J. Frawley Jr bought Seech formula. With an investment of $40,000, he bought the Todd Pen Company, changing its name to the Frawley Corporation.

Frawley improved the design and in 1950 he began producing a pen he called Paper Mate.

It was an immediate success, and within a few years, Paper Mates were selling in their millions around the world.

In 1950, the company’s sales were $500,000. By the following years, they had reached $12 m, and by 1953, the company was turning over $20 m in sales.

By the mid 1950s, Gillette had entered the ballpoint pen business with the acquisition of Paper Mate for $15.5 million.

In 1979 the Paper Mate Company introduced an erasable ball-point.
Paper mate

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