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By the early 1960s, the Bell-O-Matic Corporation was being run by Tony Mills. He sold the company to American Machine and Science, Inc. (AMSC) owned by Wallace E. Carroll (later the chairman of Katy Industries), reportedly for USD500,000. AMSC had also acquired O. D. Jennings & Company and the two companies were merged to form TJM Corporation.
This nomenclature was also used by Mercedes-Benz with the introduction of the four-speed type-3 automatic transmission. As with the Hydra-Matic, the "L" position was actually 1st and 2nd gears, holding the transmissions from shifting above 2nd gear. In Roto the L position meant 3.50 as first range, changing due to 2.93.
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