Tolo was originally sold to Rohr Inc., which, in turn, sold it to B.F. Goodrich in 1997. As a small start-up the firm's founders received small government contracts for the Navy and Air Force in the 1950s and grew to become a highly reliable contributor to the growing aero-space industry eventually employing 200 people. Every lunar landing had some product manufactured by Tolo. In 1997, the shareholders - all Tolo employees - decided to sell the company. Right before the sale, Tolo had developed a process called GRID-LOCK, a form of structural technology that enabled it to build lighter and stronger parts used in the manufacture of products by the aerospace industry. This became the subject of a major law suit between original owners and BF Goodrich which was eventually settled between the parties after the verdict for Tolo was reversed on appeal.
