Barco Industries is reported to have been established in 1983. In 1987 they purchased the Kelly Axe Making division from the Ludlum Corporation. The transaction provided Barco with the patents, trademarks and patterns originally owned by the Kelly Axe Co.,
The Kelly Axe Co. became a division of the True Temper Corporation after the American Fork & Hoe Co. had completely adopted the True Temper name in 1948. Some other brands previously used by other companies have reportedly been made by Barco but that has not been corroborated nor is the extent of the brand use been determined.
Ludlum Corp. had purchased True Temper, along with the axe making division, and all the assets in 1960. They continued to manufacture some of the products associated with True Temper, including some axes, but the details are sketchy.
Sometime after that AMES purchased the True Temper from Ludlum Corp. and in 1983 divested themselves of the axe making division. It was at that time that Barco Industries, Inc. acquired the rights to manufacture certain Kelly axes.
Barco Industries became a member the Phoenix Forge Group sometime in the late 1990s or early 2000s. A significant proportion of the striking tools, including axes, they make are forged at Phoenix Forging in Pennsylvania. Addition processing such as heat-treating, finishing and final assembly is done at one of the Barco Industries facilities.
Barco continued to make axes bearing the brand Kelly Perfect® and Kelly Woodslasher® in a variety of head styles and weights into the new millennium but nowhere near as many as were produced 100 years previously when The Kelly Axe M'f'g Co. was making axes. Barco is also known to have been a major supplier of Pulaski tools supplied to the United States Forest Service around the turn of the millennium.
BARCO branded tools should not be confused with tools labeled BAHCO, which is the name of a European company that included some axes in their product line.