Word: co
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Dates: during 1950-1959
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...ranking heirloom collector of U.S. business is a Pittsburgh millionaire named Thomas Mellon Evans. His heirlooms are old, family-owned business enterprises that have fallen on hard times, and his specialty is modernizing them. Last week Tom Evans, chairman of Pittsburgh's H. K. Porter Co., Inc., an industrial combine with assets of $57 million, added another heirloom. He took over as board chairman and chief executive officer of Chicago's Crane Co., the nation's largest manufacturer of valves, fittings and pipes, in a shake-up of 104-year-old Crane's management...
Stock Control. Hoping to avoid a proxy fight, Evans and Landa persuaded Gurdon Wattles, chairman of Electric Auto-Lite Co. and a Crane director, to back them with 322,900 shares of Crane stock owned by Auto-Lite. They also went to Mrs. Emily Crane Chadbourne, 89, only living daughter of Crane's founder, explained that Evans' chief argument with Crane President Neele E. Stearns was over Stearns's slowness in expanding the firm's inadequate network of independent wholesalers. Proof of Evans' complaint was Crane's first-quarter earnings (23? per share...
Cold Cash. Tom Evans, at 48, has amassed a fortune with his knack for changing corporate hard times into good times. He started at 28 by taking over H. K. Porter Co.. money-losing locomotive manufacturer, built it up into a profitable combine of 18 divisions specializing in electrical and steel products. In the last 15 years he has acquired more than 30 companies...
...family that can afford to buy a second car can have a swimming pool in its backyard. Pools are just a logical extension of the family television room." So, last week, said Gordon W. Rudd, president of National Pool Equipment Co., one of the nation's leading poolmakers (1958 sales: $3,001,778). Once a rich man's whim (there were only 28,300 pools, including commercial ones, five years ago), swimming pools today make up one of the splashiest sectors of the nation's leisure market. This year alone, of the 70,000 swimming pools...
...Limit. The packaged pool is the fastest-growing part of the market. Rudd's National Pool Equipment Co. of Florence, Ala. is specializing in precast, prestressed concrete-pool packages, complete with diving board and vacuum cleaner, delivered via truck to any backyard in the land for as little as $2,000. From International Swimming Pool Corp. (1958 sales: $12 million) this year has come a line of pools built above ground. Priced from $2,995 to $4,995, the pools consist of a thin, vinyl plastic sheet stretched over a plywood-and-steel frame that is supported...