Dynex History Dates to 1884

Rivett Lathe and Grinder was founded in 1884 to manufacture precision machine tools. It expanded production to include hydraulic valves for the machine tools it manufactured and for sale through distributors of fluid power equipment.

The Dynex Company was founded in 1957 in Milwaukee, Wisconsin, as a division of Applied Power. Dynex developed high pressure pumps, motors and valves in response to the increased demand for hydraulic products in new markets.

Rivett was acquired by Applied Power in 1966 and manufacturing was moved to the Dynex facility in Pewaukee, Wisconsin. Combining Dynex and Rivett extended the company's products to serve both mobile and industrial applications.

In 1974, Applied Power hired Raymond M. Warell as Vice President and General Manager. Previously, Mr. Warell had received a degree in mechanical engineering and worked for 17 years with a leading hydraulic company in sales, product development and marketing management.

In 1977, Dynex and Rivett were offered for sale. Mr. Warell purchased the divisions and the company was incorporated as Dynex/Rivett Inc. The new company sold its high pressure hydraulic products for use in demanding applications worldwide.

In 2008, Raymond A. Warell was named President. Ray joined Dynex after receiving a B.S. degree from the University of Wisconsin – Madison in 1981. In 27 years with the company, he has held various sales and management positions.

 

Dynex History Timeline
1884 Rivett Lathe & Grinder Mfg. Co. is founded in Boston, Massachusetts.
1957 The Dynex Company is founded in Milwaukee, Wisconsin, to develop hydraulic products for mobile applications.
1960 The first high pressure checkball pumps rated for 15 000 psi (1040 bar) are developed for hydraulic presses.
1966 Rivett is acquired to complete the company's line of products for both industrial and mobile applications.
1974 Raymond M. Warell becomes Vice President and General Manager.
1977 Mr. Warell purchases the two divisions and organizes the new company as Dynex/Rivett Inc.
1985 Mr. Warell serves as Chairman of the National Fluid Power Association.
2000 Pumps are introduced for 20 000 psi (1380 bar) operation and for use with special fluids including water glycol, calibration fluids and Skydrol.
2008 Raymond A. Warell is promoted to President after holding various positions in sales and management since 1981.

 

Dynex/Rivett Inc. Pewaukee, WI  USA Ashland, MA USA Eaton Socon, Cambs. UK

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