Mastercrafters Clock Company went into business just shortly after World War 2. The original name of the business was Mastercrafters Clock and Radio Company. However, by the time 1948 rolled around, they had gotten out of the radio business and were solely preoccupied with constructing novelty clocks. The owner of the company in these days was a man named Benjamin Lerman, and he also served as president of the company. Benjamin's son in law Bernie Ellman later assumed control of the company. Ben Lerman received several notable patents assigned to Mastercrafters, which was a sign of his ingenuity and creativity.
The company went out of business around 1980. However, the factory where most of the work was done is still standing, and to this day is a historic site. Many people have come to know and love Mastercrafter clocks, as they are very unique collectors' items.