Word: mathieson
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...EXOTIC" FUELS for jet planes and missiles will be turned out by new industry. Gallery Chemical Co. started work on a $38 million plant at Muskogee, Okla. to produce "HiCal" for Navy from boron. Olin Mathieson Chemical Corp. won $33,005,000 Air Force contract for a new high-energy chemical-fuel plant near Niagara Falls. In addition to stepping up range and speed of present missiles and jets, new fuels will make possible radical new top-secret Air Force chemical bomber, for which North American and Boeing have design contracts...
Barely twelve months ago Olin Mathieson Chemical Corp. announced plans for a $120 million aluminum plant at Buckhill Bottom, 20 miles from Wheeling, W. Va.; soon afterward it joined forces with Revere Copper & Brass to boost the ante to $304 million. In quick succession the Pennsylvania Railroad spent $4,000,000 building twelve miles of spur track to the plant site, and M. A. Hanna Coal Co. started work on a big new mine to provide coal for Ohio Power Co.'s expanding plant at Cresap, W. Va., which in turn contracted to supply power for the new aluminum works...
...ALUMINUM GIANT will be built by Olin Mathieson Chemical Corp. The company will spend $120 million for a fully integrated aluminum plant near Clarington, Ohio. Initial capacity of the plant: 60,000 tons of aluminum annually...
...OLIN MATHIESON CHEMICAL Corp., fifth biggest in the U.S. (1954 sales: $450 million), will soon get into the sodium phosphate (used in detergents) field if a merger deal works out. Olin is dickering to take over phosphatemaker Blockson Chemical Co. (1954 sales: $29 million), possibly by acquiring a controlling interest in 1,000,000 shares (of a total 1,500,000 outstanding) of Blockson stock owned by President Louis Block and his family...
...more than getting together at trade conventions, recently have been getting together in another way. They have embarked on the greatest merger spree in history. In the past few months, by stock swap or outright purchase, Nash and Hudson became American Motors, Hilton Hotels took over the Statler chain, Mathieson Chemical and Olin Industries combined. Still more big mergers are in the making throughout industry. Packard and Studebaker stockholders vote this week on consolidating. Bethlehem Steel is talking merger with Youngstown Sheet & Tube, and Textron is working on a three-way merger with American Woolen and Robbins Mills...