Rapid Change over the next 40 years
 Monroe continued to grow over the next 40 years. In 1980, the company name was changed to Monroe Systems for Business. This change in name was to reflect the diversification of the company from a calculator only company to one which addressed the broader needs of the office. During this period Monroe introduced bookkeeping machines, magnetic stripe ledger card accounting machines, programmable calculators, computers, copiers, facsimile and shredders.
In 1984, Litton Industries sold Monroe to Jeffry M. Picower. During the period of Mr. Picower’s ownership the Company’s focus shifted to maximizing the potential of the office copier market.
In 1998, Monroe Systems for Business, sold the copier, facsimile and shredders businesses to Savin Corporation. Monroe Systems for Business returned its focus to the business upon which its reputation had been built, calculators.
In 2001, Monroe Systems for Business was sold to Carolina Wholesale Office Machine Company. Monroe Systems for Business corporate headquarters are now located in Levittown, PA. |
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