Jacob Perkins and Harry Hill founded and incorporated the firm in 1886 as the Hill Clutch Co. They changed its name to the Hill Clutch Machine & Foundry Co. in 1920 and began to produce transmissions and various types of machine tools. In 1931 the firm purchased the Cleveland Knife & Forge Co. In 1935, they acquired the Canton Foundry & Machine Co., a manufacturer of shears and cranes. In 1940 Hill merged with another pioneer firm in heavy manufacturing, Acme Machinery Co. The merged firm was incorporated as the Hill Acme Co. and made special machinery and shears. They were manufacturing Surface Grinders in 1943 and are still in business currently manufacturing Coil Grinders, Sheet Grinders, Pinch Roll Grinders, Metalworkers, Forging Equipment and Shears.
The company is currently a division of Magnum Integrated Technologies Inc. and is located in Brampton, ON, Canada.