3 Spring 2012
nuts & bolts
“We used to say it was on the corner of Broad and Dull
(streets),” Hill said with a chuckle.
Hill had his own circuitous route to get to Tennsco. He was a
hometown boy raised in White Bluff. Like legions of other
Southerners, he’d gone to Detroit to work in an automotive plant.
He read about a boat company in Dickson so he decided to visit
the boat show when it came to Detroit. Hill met the owner of
Dickson’s Winner Boats, Peter Lufkin, who invited him to return
home and work in boat production. Hill moved back to Dickson
and became an assembly line foreman in the buildings that are
now Tennsco Plants 2 and 3. Joe Youree moved in next door and
became Hill’s neighbor on Pond Lane.
Tennsco sold mostly in Tennessee border states and east of
the Mississippi. At that point, the company had just two or three
salesmen and used manufacturers’ reps as salesmen. Hill could
still rattle off a geographic listing of lower Mississippi towns from
having traveled that territory frequently.
Catalogs weren’t quite the production back then. “We would
make up our new catalog every year. It wasn’t a big catalog –
maybe 10-12 pages,” he said.
The firm used an advertising agency from Speyer’s former
home in Chicago. It’s also where Speyer got his start in business
with Midwest Folding Products – a
folding table production company. Hill
noted that the work ethic that was
evident among Tennsco employees
was evident at Midwest, too. At some
point there was a fire in the plant there.
The employees came together and built
the plant back because it was so
important to them, Hill said.
Hill’s memories go back to Les
Speyer’s dad, Al Speyer. “I can still see
him (Al Speyer) with his hat, black
overcoat and Cadillac. He liked to
demonstrate how tough the folding
tables were.”
Midwest Folding Products had a
touching beginning.
Les Speyer had requested that a part of his military salary be
sent back to assist his mother during the war. “Things were tight
back home, said Tennsco President Stuart Speyer, “and my dad
wanted to help provide.”
Instead of spending the money, Les’ mom saved it all. It
amounted to about $25,000 which was his seed money for
Midwest. Les made the folding tables in his garage and sold them
out of his station wagon.
Lockers a big product line
Shelving was Tennsco’s big product then – plain metal
shelving, Hill said, as well as six feet tall storage cabinets. A lot of
what was shipped out had to be assembled. Then the company
grew into filing cabinets. Hill was on board when Tennsco
introduced a lateral filing cabinet in about 1965 or 1966.
Then came lockers. “That was a big one,” Hill said. “Metal
lockers. We sold a lot to schools.” He went on rattling off new
products that came on line: metal service desks, tool carts,
automotive parts bins and eventually slotted angle shelving.
There was plenty of travel and entertaining with Hill’s job. He
remembered trade shows in Atlantic City, Chicago and New York
– some with 25,000 to 30,000 attendees.
Hill also remembers the Tennsco office getting cramped as the
company grew. “I think four folks shared the dining room. I
thought I’d like more privacy. The house had a front porch. I
thought we could close in the side walls. I suggested that and got
it done and I got my private office. It was on the front porch.”
“We had some good people out there,” he said of Tennsco. “It
was kinda fun being there…seeing it grow.”
Tennsco got its start in Dickson when Les Speyer bought the
former KF Kline plant on Broad Street. The company produced
bank vaults as a subsidiary of Diebold. That’s how Joe Youree
came to be a part of Tennsco.
Move to Dickson
Youree was working for KF Kline when it bankrupted and
closed in the fall of 1961. Speyer bought the plant and Tennsco
was born on Jan. 2, 1962.
Youree was one of 12 employees
Kline employees that Speyer hired.
Youree was the only one who lasted. “It
was kinda nervewracking, but he and I
developed a great respect for each
other and he was wonderful,” Youree
said.
He said Speyer gave $100,000 for all
of Kline’s equipment and the company.
He got a 10-year lease on the building.
Youree said Speyer’s father and sister
were working for him.
“It’s uncommon to have the
motivation Mr. Speyer had. He had a
very inquisitive mind. He went to all
sorts of seminars, and driving back and
forth from Nashville he had books on
tape. He kept improving himself,” Youree said.
It was tough in the early years, Youree said.
“We weren’t making any money and trying to get our volume
up. We knew volume was what we had to have. He (Speyer) just
stayed with it and he wouldn’t take no for an answer.”
Once Tennsco automated some of its processes with mechani-
cal slitters, shearers and roll fomers “then it got competitive.”
Speyer bought more production buildings (the total is now six)
and expanded all of them, adding hundreds of employees over the
years. Youree grew with the company. He started out as the
bookkeeper and retired as the executive vice president, second in
command to Speyer. He retired in 1996 after 34 years.
Youree’s greatest joy was to be a part of a struggling, money-
losing company that grew into the most successful company in
town.
COMING NEXT ISSUE: The factors that led to Tennsco’s
success over the last 50 years.
Memorial Service
Tennsco President Stuart Speyer has
invited employees, friends and family
members to join him at a memorial
service to celebrate the life of his late
father, Les Speyer.
Two public memorials have been
announced - one in Dickson at 1 p.m.
Sunday, June 24, at the Tennsco
Community Center and a second in
Nashville at 7 p.m. that same day at
Hillwood Country Club.