In 1923, three brothers named Herman, Hillel and Henry Hassenfeld founded Hassenfeld Brothers, a company selling textile remnants, in Providence, Rhode Island. Over the next two decades, the company expanded to produce pencil cases and school supplies. In 1926, Hassenfeld Brothers was incorporated, with Hillel leaving for another textile business while Henry took charge of the corporation. With cost of pencils rising and their pencil supplier making pencil cases, the Hassenfelds began making their own pencils, becoming a source of funding for future lines.
- Hassenfeld Brothers was founded in 1923 but did not make toys until 1942.
- The Canada branch, Hassenfeld Brothers (Canada) Ltd. was created in 1963.
- In 1968 Hassenfeld Brothers changed their name to Hasbro Industries (Hasbro Bradley).