In 1927, Mr. Albert H. Lowman purchased Phoenix Specialty Mfg. Co., Inc. from the founders; to this date, Phoenix has remained in his family’s ownership. He relocated Phoenix to Freeport, New York in 1949. Phoenix expanded into more stamped parts and began to specialize in metal washers, servicing both distributors and manufacturers. General Electric Aircraft Engines became a regular customer of hardware components in the 1950s.