Timex Group USA, Inc. (formerly known as Timex Corporation) is an American manufacturer company founded in 1854. The company is now a wholly owned subsidiary of the Dutch conglomerate Timex Group B.V.. In 1854, the company was founded as the Waterbury Clock Company in nearby Waterbury, Connecticut. In 1944, the company was thought to have become insolvent, but it was reformed into Timex Corporation, being the only current successor. In 2008, the company was acquired by Timex Group B.V, and was renamed into Timex Group USA.