"My dad started out as a tool and die maker at High Standard in Hamden," recalls John Hall III, senior vice president of Drill Masters, Inc., the company his father founded in 1972 and which recently relocated to Milford.
"In 1984, my brother and I started with the company, in the summers and while in school, learning all of the aspects of the business from our father."
manufactures deep-hole drills and accessories for companies in the automotive, aerospace, firearm and molding industries.
The drills contain a carbide tip and a steel shank to drive precision holes into various types of metals.
and Thomas Hall took over the business upon their father's death in 1989 and have been seeking ways to expand.
According to John Hall
, sales increased 50 percent following the buyout.
declined to specify the firm's annual sales.
Masters also relocated to 336 Boston Post Road, the spot once home to Eldorado Tool.
Masters also doubled the size of its staff to 70 with the buyout.
had approximately 70 employees and Drill Masters
hired 31 of them.
said foreign investors were also interested in buying Eldorado, which would have taken more jobs out of the area.
"A Japanese company was interested, but we had the opportunity to retain and hire workers in Connecticut," he