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The next change to the Old Timers line was in 1964 with the addition of the Schrade 15OT and 34OT.
No other Ulster OT's were added, except for the special 114OT in 1968.
Many thought the Schrade brands would be lost forever.
Not long after the doors were closed, Taylor Brands LLC quickly picked up the brand name to breath new life into the Schrade, Old Timer, Uncle Henry, and Imperial brands.
By purchasing the company's trademarks, Taylor Brands is able to make and sell pocket knives that bear the old familiar Old Timer logo.For whatever reason, by the end of the decade, Schrade decided to close down the Ulster line to focus solely on the Schrade-Walden name, which allowed the Old Timer knife to be forever connected with Schrade.Fun fact: According to some investigating by Dennis Ellingsen, who wrote an article in the Oregon Knife Club newsletter, an advertising program conducted by a tobacco company let customers collect coupons from inside tobacco cans to redeem one of three new Ulster Old Timer Knives.Even though the Old Timer brand wasn't created until 1958, its roots date back to 1904 when George Schrade formed the Schrade Cutlery Company in Walden.
Schrade found great success with his knives, but the company was eventually sold in 1946 to become part of the Imperial Knife Associated Companies group.Schrade continued introducing new models into the Old Timer line, and the knives were always made to meet the high standards laid out by the company.