Lovejoy has been a pioneer in advancing manufacturing technology for power transmission components since patenting the jaw coupling in 1927. The company s lasting success is also due to the fact that it is a privately-held company whose primary goal is to give customers a value greater than the price paid for the product. Thomas Lovejoy founded Lovejoy as a manufacturer of tooling and machinery for the railroad and steel industries in 1900. Soon thereafter, in 1912, a long tradition of family ownership began when W. H. Dangel purchased the company. Lovejoy s entrance into the power transmission industry occurred in 1927, when the patent for the jaw coupling was purchased from Louis Ricefield.