, ▁food ▁processing ▁equipment , ▁home ▁app li ances ▁and ▁cut l ery , ▁industrial ▁mach in ery , ▁marine ▁equipment , ▁medical ▁equipment , ▁dr illing ▁and ▁min ing ▁equipment , ▁military ▁equipment , ▁power ▁generation ▁equipment , ▁rail ▁transport ation , ▁sports ▁equipment ▁and ▁tools , ▁t ies ▁and ▁fi xt ures . ▁ ▁Not ▁to ▁be ▁confused ▁with ▁Cy clo ps ▁Ste el ▁Works ▁in ▁She ff ield , ▁UK ▁in ▁the ▁mid ▁ 1 8 0 0 ' s . ▁ ▁Led ▁by ▁Chair man ▁and ▁CE O ▁William ▁H . ▁Kno ell , ▁Cy clo ps ▁purs ued ▁a ▁counter - cyc lic al ▁strategy ▁which ▁helped ▁it ▁to ▁divers ify ▁from ▁steel . ▁As ▁a ▁result , ▁Cy clo ps ▁purchased ▁the ▁Cla ir ton , ▁Pennsylvania ▁based ▁ 1 6 - chain ▁Bus y ▁Be aver ▁l umber ▁stores ▁in ▁ 1 9 7 2 , ▁and ▁the ▁Sil o ▁Electron ic ▁St ores ▁in ▁ 1 9 8 0 ▁for ▁$ 3 5 ▁million ▁($ ▁in ▁today ' s ▁terms ). ▁ ▁Cy clo ps ▁and ▁Col t ' s ▁Man ufact uring ▁Company ▁entered ▁into ▁a ▁very ▁public ▁battle ▁for ▁a ▁Col t ▁steel ▁mill ▁in ▁Mid land , ▁Pennsylvania ▁during ▁ 1 9 8 2 . ▁ ▁In ▁August , ▁ 1 9 8 6 ▁Cy clo ps ▁share hold ers ▁rejected ▁s elling ▁off ▁its ▁core ▁steel ▁mill ▁business ▁in ▁favor ▁of ▁a ▁management ▁suggested ▁re - f oc using ▁only ▁on