Company Performance Metrics
The Ideal Electric & Manufacturing Company was founded in May of 1903 by Stanleigh Glen Vinson at the corner of East 5th and Elm Street, Mansfield, Ohio. The company was later relocated to the corner of East 1st and Oak Streets in 1920. The Vinson family owned the company until November 1976 when it was purchased by the Carrier Corporation.
Ideal Electric Co. was then purchased by United Technologies Corporation in June of 1979 when UTC purchased the Carrier Corporation. M. Vucelic, members of his family, and several investors acquired the company on May 28, 1986 until it was later acquired by Hyundai. Currently, Ideal Electric is owned by a private American affiliate, making it the only wholly American-owned independent manufacturer of high-power, specialty electric machinery and power systems in the world.
