The Pond Machine Tool Co. was founded by David W. Pond in 1872. Pond bought out his father’s business, Lucius W. Pond in 1875, after it had failed and combined it with his own company calling it D. W. Pond, Successor to L. W. Pond. It was, at the time, the largest machine tool manufacturer in Worcester, MA. In 1883, the firm incorporated as the Pond Machine Tool Co. and moved to Plainfields, NJ in 1887. He sold his interest in the company to Manning, Maxwell & Moore who subsequently merged with Niles Tool Works and Bement, Miles & Co. to form Niles-Bement-Pond Co.
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