According to the Truth Hardware website history page, The Owatonna Tool Co. was started in 1925 by former Truth Tool employee Rueb Kaplan. In the early '50s, Owatonna acquired Truth.
In late 1984, OTC was acquired by Sealed Power Corp.
Tool Archives Research:
Men Wanted advertisements begin appearing for OTC in July of 1925 offering commissions on the sale of OTC's line of guranteed tools.
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