The Intertype Corporation produced the Intertype, a hot metal typesetting machine closely resembling the Linotype, and using the same matrices as the Linotype. It was founded in New York in 1911 by Hermann Ridder, of Ridder Publications, as the International Typesetting Machine Company, but purchased by a syndicate for $1,650,000 in 1916 and reorganized as the Intertype Corporation.