Tipton Company was founded in 1935. By 1970s, Tipton Company grew to 45 employees and over $25,000,000 in product sales. Tipton Company also started Component Manufacturing Corportation, selling plumbing specialty items to the wholesale jobber.

Ty Tipton currently serves as the President and CEO of Tipton Company and Component Manufacturing Corporation. Ty has owned and operated the companies for 18 years.