Word: dahlberg
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Dates: during 1930-1939
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...Professor Nikolai Ivanovich Vavilov, who is out of favor in Russia because he does not believe in the long-outmoded inheritance of acquired characteristics (TIME, June 26). Communists prefer to believe in the inheritance of acquired characteristics. Called home from the meeting were all the European delegates. Professor Gunnar Dahlberg of Sweden was the only one who stubbornly refused to leave...
...marriage of Messrs. Dahlberg, Mack and Groves was made in Wall Street, not in Heaven, but it works surpassingly well. Last week's announcement of the approaching sale, largely in Europe, of 100,000 common shares of Celotex Corp. called attention to their successful venture in corporate resuscitation...
Celotex was Bror Dahlberg's creation. In 1911, having been everything from a high-speed typist to freight-rate counselor, he found himself vice president of Minnesota & Ontario Paper Co. One of its by-products was a rigid insulating board called Insulite. Dahlberg, several M. & 0. associates and Insulite's inventor, one Carl Muench, next devised a similar board made out of bagasse, the fibrous residue of chewed-up sugarcane, named it Celotex and began making it commercially in 1921. By 1929 annual sales of their brown insulating board had reached $1,479,000 and President Dahlberg...
...instead of diversifying Celotex's product, he took a flier in sugar, bought up swamps and plantations in Florida and Louisiana. Depression took the Florida properties and in 1932 Mr. Dahlberg's Celotex went into receivership. At this point, looking far from Napoleonic, Bror Dahlberg met quiet Wallace Groves...
Celotex came back fast. This time President Dahlberg's Napoleonic ambitions were put to more constructive use-diversifying Celotex's products to give it a general line of building materials. It made $736,000 in 1936, $1,267,000 in 1937. This is still cottage size next to the manorial 1937 profits of its two biggest competitors, Johns-Manville Corp ($5,450,000) and U. S. Gypsum...