I found a web site with the history of the founder, Mr. Amos Ives Root. It seems that Mr. Root was a jewelry maker at the time when bees swarmed his place of business. One of his employees (so the story goes) was asked to catch the swarm for him. Thus began Mr. Root's interest in beekeeping. (It is reported that his wife chastised him for paying the employee a day's wages in order to catch what she considered a good for nothing pesk. Whether this part of the story is true or not, we do not know but we do know that Amos kept bees as a hobby as far back as his early twenties) Amos Root was a brilliant entrepreneur whose interest in bees led him to manufacturing bee keeping equipment during the late 1800's, a time when beekeeping was of great economic importance to many communities. His company shipped out four railroad cars of bee equipment a day. It makes perfect since that Amos Root, a brilliant entrepreneur, began using beeswax to make candles. and while the company discontinued producing bee equipment in the early part of the 20th century, the candle business run by Amos Root's great, great grandson survives and thrives to this day.
More information on Amos Ives Root can be found here, here, and here.
And that press? It's a wax press used to extract honey from the honeycomb.
If that was your guess, then you're answer was SWEET!
Photo Courtesy of AI Root Candle Company.