Word: dahlberg
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...Receiverships. Two notable companies passed into the hands of receivers last week: Celotex Co. of Chicago and Russell Manufacturing Co. of Middletown. Celotex is a big maker of wallboard and similar products, using the stalks of sugar-cane for pulp. Its president is Bror Gustave Dahlberg. In early 1930 he sent each shareholder a personal telegram urging him not to "sacrifice" his holdings at the then current price ($50 a share). Russell Manufacturing makes automobile brake lining (Rusco), clutch disks, aero cloth, lines, rings and cords, safety belts, acid proof battery covers, surface tape. During the War it had large...
Seeking Divorce. Bror Gustave Dahlberg, 51, Swedish-born U. S. sugar tycoon, president of Celotex Co.; from Mary Alexander Dahlberg, one-book author (Dagger); in Chicago. Grounds: desertion. Texas-reared Mrs. Dahlberg refused to live in the U. S., prefers Europe...
Bror Gustave Dahlberg, 48, was born in Norway, soon was taken to St. Paul. About ten years ago he conceived of celotex, made from the fibre of sugarcane, as a substitute for lumber. He organized the company whose phenomenal growth in sales has added unto it many a subsidiary. Behind the expansion was Mr. Dahlberg, shrewd in matters of manufacturing and sales. Also, he is generally credited with being the architect of its financial structure. In the past decade he is said to have made...
...reorganization plan last week included doing away with the executive committee of which Mr. Dahlberg has been head, the establishment of a finance committee and of a five-year voting trust. Mr. Dahlberg is not one of the voting trustees, although Brother Carl Frederick Dahlberg is there to represent the Dahlberg holdings...
Approval of this plan followed by one day the second receivership suit. It was brought by William H. McFetridge of Chicago who says he owns 50 shares, is also suing for other stockholders. He charges that at the time the company was formed Mr. Dahlberg & associates made $10,000,000 in selling the new company land and equipment. In addition to similar charges, he says the company is hopelessly insolvent, cannot meet its obligations...