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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.One of the stories reported in the Old Timer Almanac says that Uncle Henry Baer, president of the Schrade Cutlery Corp, or his brother Albert Baer, chairman at the Imperial Knife Associated Companies, desired a good old-fashioned knife and the name Old Timer was a natural fit for a new line of knives that harkened back to the days of old.
That group (which would later become the more familiar Imperial Schrade Corp) had already consisted of two established knife companies: Ulster Knife Company and Imperial Knife Company.
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.
The good times persisted for Old Timer through the next few decades and the brand became firmly established as a go-to for superior knives that were the true definition of gentleman's folders or as their slogan went: 'Knives Like Grandad's.' Then, in July of 2004, on the 100th year anniversary of manufacturing knives like Old Timer, Schrade Cutlery Company closed the doors to its factories and ceased production.
During the months leading up to the closure, a mad rush to buy up the last original knives took place because people were unsure of the fate of Schrade and its brands.
Taylor Brands was already a licensed manufacturer of Smith & Wesson knives, so it was clear these knives were in good hands.