Word: mathieson
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...Olin Mathieson...
...Olin Mathieson, running counter to a downward trend among chemical companies, had a record 36% rise in earnings for the quarter to $16,600,000. Sales, said President Gordon Grand, were $284 million, or 11% higher than last year, because of "strong contributions from agricultural chemicals, copper-base alloys, Winchester-Western, Olinkraft forest products and from our Squibb division...
...acre grounds of the Blind Brook Polo Club in suburban Westchester County, which it purchased. Nearby Greenwich, Conn., last week gave preliminary approval to American Can Co.'s plan for shifting its 1,300-employee international headquarters to a 141-acre tract by 1970. Olin Mathieson Chemical Corp. bought 60 acres in Stamford, Conn., for its chemical division, along with 700 white-collar workers. Uris Buildings Corp., builder of dozens of Manhattan's new glass-girt office towers, announced plans for a huge laboratory-office center in suburban Rockland (N.Y.) County in anticipation of further corporate moves from...
...Olin Mathieson and Pepsico blamed their departures primarily on an inability to find enough midtown space for their staffs. Vacant office space is so scarce in Manhattan today that other companies have grabbed eagerly at the forsaken quarters. Most of the demand comes from expanding businesses already on the scene, notably the headquarters of 26% of the nation's 500 largest corporations. In fact, Mayor Lindsay insisted that the city, with some 8,000,000 sq. ft. of office space due to be completed this year, is still amidst "a boom in corporate growth...
...Olin Mathieson's management will remain very much in the hands of President and Chief Executive Gordon Grand Jr., 49. After the sudden death last October of Olin Chairman N. Harvey Collisson, Grand assumed that role in addition to his own duties, but will now be able to relinquish the chair. Since he took charge 22 months ago, Grand has pulled Olin Mathieson's disparate operations together into five groups, expanded its operations in 70 countries. At the time he assumed power, he forecast that the corporation would exceed $1 billion in annual sales by 1967; last week...