Word: tracerlab
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...April 11, 29 days after the accident, W. B. Converse, manager of Kellogg's nuclear division, made a routine visit to the Houston plant. The monitoring instruments told him that something was wrong. He shut the plant and called in experts of Tracerlab Inc. to check and decontaminate. He did not report the spill to the Atomic Energy Commission. The other Kellogg people tried to keep it quiet too-no easy job. The Tracerlab men with their instruments attracted unavoidable attention, and rumors flew thick. Both the Northway and McVey houses proved to be radioactive. So were the hair...
...corporate merger, it is usually the big company that buys a smaller one. Last week Boston's up & coming Tracerlab, Inc. pulled a switcheroo. Tracerlab, which grossed only $1,700,000 last year, bought the much bigger ($8,000,000 gross) Kelley-Koett Mfg. Co. of Covington, Ky., one of the oldest and biggest U.S. X-ray equipment manufacturers...
Founded five years ago by some young, M.I.T.-trained scientists on a $31,000 shoestring, Tracerlab was the first U.S. company to grow out of atomic energy (TIME, Sept. 12, 1949). It built a thriving business selling radioactive isotopes to hospitals, has big Government orders for devices to measure radioactivity (e.g.t the $49.50 fist-sized Radiac...
With sales estimated at $5,000,000 this year, Tracerlab felt able to pay $750,000 to buy control of Kelley-Koett from
Bill Barbour has already set his gauges on bigger business radiations. Last week, with French bankers and industrialists, he set up Tracerlab's first foreign affiliate, France's "Saphymo" (for Société d'Application de la Physique Moderne), planned to start production overseas. For next year, Barbour, cannily aware of the atomic age's "uranium rush," already has a new product on the books: a portable radiation detector for prospectors...