Timex Group USA, Inc. , a subsidiary of Timex Group B.V. and its US headquarters, is based in Middlebury, Connecticut. The company is the current day successor to the Waterbury Clock Company, founded in 1854 in nearby Waterbury, Connecticut. In 1854 Waterbury, CT-based brass manufacturer Benedict & Burnham created Waterbury Clock Company to manufacture clocks using brass wheels and gears. Waterbury Clock Company was legally incorporated on March 27, 1857 as an independent business with $60,000 in capital. The American clock industry, with scores of companies located in Connecticut's... Naugatuck Valley, was producing millions of clocks, earning the region the nickname, "Switzerland of America". The Waterbury Clock Company was one of the largest producers for both domestic sales and export, primarily to Europe. Today its successor, Timex Group USA, Inc. is the only remaining watch company in the region. Originally, the company produced clocks as less expensive alternatives to the high-end European counterparts of the time.
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