Almost correct, is about as close as anyone outside the companies involved is going to get. Most of what I have picked up has been in bits and pieces, predominantly over on Practicalmachinist, and from my dealings between actively chasing down various lathes and lathe parts over the years.Well, you got most of it almost correct. One of the "current" websites does offer the correct history and it does show signs of both complications and perhaps desperation to stay in business through the many years. Yes, SM catered to North American, but Southbend was the primary machine for the U.S. if they insisted on "home-grown".
However, the full compliment of both manual and CNC Standard Moderns seem to fully alive and well ....not "just a name". I would really like to know WHERE these machines are now manufactured.
This "Racer Machinery International Inc" state they are the actual manufacturer. The company name "Rotem" also comes into the picture which is only a distributor. The address noted as a manufacturing location is this 1030 Fountain St., in Cambridge, Ontario. Just looking at this building, no lathes could possibly built here. Interestingly, the Toyota plant is directly across the street. A good location for a sales office, ...surrounded by industry.
I'll kinda take the online version with some of the same salt that I use when I have to swallow Grizzly Tools 'History' of South Bend, being represented as unbroken back a century and more. Well, maybe less salt...
South Bend was already playing with offshoring production in the early eighties, when I first started paying attention to them, they finally succumbed to their lack of innovation and went under, were essentially bailed out by a worker's buyout, and trundled along for a few more years before they crashed for good. Once the Owner of Grizzly, bought the 'rights' to the name, he started plastering it on import machines, usually in huge size stickers, so those were no longer "home-grown'. By that time, IIRC, Hardinge was floundering some, Monarch was pretty close to non-existent, though still rebuilding old cores to new or better spec, as I understand, and there were very few non-import sources for essentially, small, manual lathes, which is the niche the Standard Modern is working to fill for those contracts they can qualify for.
Shame they lost enough traction that they could not survive in Canada, though I think that given the industrial Climate in Ontario over the years, them tanking one way or another, as a low volume producer of specialty goods, was pretty much inevitable.
My understanding is that the new produced SM Lathes, are cast overseas, the castings are imported, aged, and machined in the US, to meet the minimum level as required to bid on the Government contracts that are looking for 'local First' content. Several guys over the uears have mentioned the new SM Lathes that were brought in to the various Military shops they worked in.