Word: saversion
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Two New York companies that have made a mint from nickel candy decided last week that life would be even sweeter under one corporate wrapper. Life Savers Corp., whose 14 candy flavors earned $2,750,000 last year, agreed to merge with Beech-Nut Packing Co., third biggest U.S. chewing...
Exuberant Ed Noble, who with Partner J. Roy Allen bought Life Savers for $2,900 in 1913, still holds a controlling interest in the $16 million company he calls a "happy, whimsical little business." A topflight public servant (he was the Civil Aeronautics Authority's first chairman) under Franklin...
Ed Noble is expected to be top boss of the merged company, Beech-Nut Life Savers Inc. W. Clark Arkell, 68, Beech-Nut board chairman (and son of Founder Bartlett Arkell), will have stock control, with some 10% of the 3,500,000 shares. Beech-Nut stockholders will get 1.2...
The new management will consolidate sales organizations and let Life Savers (which also makes Pine Bros.' cough drops) take over Beech-Nut's chewing-gum business. Noble plans other economies. For example, Beech-Nut, which started out making hickory-cured ham in Canajoharie, N.Y. 65 years ago, has...
Though Californians have watched growing formations of the new planes howling overhead or sitting on airfield ramps, Air Force security is still so tight that comparatively few details have been given out about the new supersonic planes. North American's F-100 is only one of the new jet...