Editing ManpowerGroup (section)

=== Parker Pen Company (1975–1985) ===

On August 18, 1975, upon the retirement of co-founder Elmer Winter, the [[Parker Pen Company]] announced its acquisition of Manpower for $28.2 million. A new subsidiary of Parker would own 80% of the common stock, with the remaining 20% purchased by Mitchell S. Fromstein, Manpower Chairman of the Board.<ref name="ParkerSale">{{cite news |last1=Koshetz |first1=Herbert |date=1975-08-19 |title=Parker Pen in Pact to Acquire Manpower, Inc., for $28-Million |url=https://www.nytimes.com/1975/08/19/archives/parker-pen-in-pact-to-acquire-manpower-inc-for-28million.html |work=The New York Times |access-date=2019-02-05}}</ref>

In January 1985, Fromstein became President of Parker Pen; in October of the same year, Fromstein announced the private sale of the pen business as Manpower had grown to represent 90% of Parker's sales while the pen business struggled. Upon the completion of the sale, Parker Pen renamed itself Manpower Inc. and the sold Pen business retained the Parker Pen name.<ref name="ParkerRename">{{cite news |last1=Gilpin |first1=Kenneth N. |date=1985-10-18 |title=Parker Family Member To Focus on Pens Again |url=https://www.nytimes.com/1985/10/18/business/business-people-parker-family-member-to-focus-on-pens-again.html |work=The New York Times |access-date=2019-02-05}}</ref>