Foundation and early years The company was founded in 1876 as
Hartford Machine Screw Company. It was renamed
Standard Screw Company in 1900. After a series of false starts, the company initiated a program to sell faucets exclusively through plumbing wholesalers. This was later adapted to include retailers, and during the 1970s
Moen sales rose from $40 million in 1972 to $100 million in 1979, one quarter of Stanadyne's total revenue. in 1988,
Forstmann Little & Company bought Stanadyne for $820 million. The company's four business units were quickly sold. KSP, another private New York investment firm, bought the automotive products group and the rights to the Stanadyne name in February 1989. KSP renamed the company, Stanadyne Automotive Corp. American Industrial Partners owned Stanadyne from 1997 to 2004, when the company was sold to
Kohlberg & Company.
Trouble and restructuring (2020 - Present) On February 16, 2023, Stanadyne filed for
Chapter 11 bankruptcy. This was resolved by August 2023 when an investment group led by
Cerberus Capital Management agreed a buyout and restructuring of all the companies assets and invested additional capital. ==References==