Word: vitaminized
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Dates: during 1960-1969
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Chaperons & Referees. Last week's acquisition of New York's Ruppert brewing business by Rheingold was conceived by Loeb, Rhoades. Wall Street's Lehman Bros, works on about 100 possible combinations a year, so far in 1965 has arranged the mergers of U.S. Vitamin with Revlon and of whisky-importing Buckingham Corp. with Schenley. Last year Lehman negotiated some 20 mergers, for which the purchase prices totaled more than $700 million. Goldman, Sachs last year put through more than ten key mergers, including Genesco's acquisition of the Kress variety-store chain, Transamerica's purchase...
Died. Dr. Robert Runnels Williams, 79, India-born chemist and longtime (1925-46) Bell Telephone chemical director, who in 1910 began independent research into the cause of the Orient's mysterious and killing beriberi disease, in 1934 found that the problem was a lack of thiamine, or vitamin Bl, derived from natural bran that rice-eating populations generally remove when polishing their rice; in Summit...
...missile sites. Its sensitive in struments help police to identify paint smears on hit-and-run victims, enable conservationists to check traces of water pollution in fish. Its products helped in the creation of the first atomic bomb, also made possible the production of synthetic penicillin and vitamin B12. All of these tasks-and many more- are the business of a little-known Connecticut company named Perkin-Elmer Corp., one of the fastest growing members of the fast-growing scientific instrument industry. Variety has paid well for Perkin-Elmer: last week it reported its tenth straight year of record sales...
...diversifying mood. In the past three years, he has bought six companies in everything from ladies' sportswear (Evan-Picone) to plastic packaging (Amerline), thereby added more than $25 million a year to RevIon's sales. The $67.5 million that RevIon will pay for U.S. Vitamin (1964 sales: $21 million) may seem high, but Charlie Revson considers the price cheap enough in an age obsessed by health and about to be presented with medicare. In the trade, there is already speculation about whether he plans to rewrite U.S. Vitamin's product list (Arlidin, Methischol, Aquasol) to bring...
Revlon wants to acquire 30-year-old U.S. Vitamin & Pharmaceutical (vitamins, diabetic products, vascular drugs) for some of the same reasons that have drawn drug companies to cosmetics. Research in the two fields tends to overlap, often producing a cosmetic that a drug firm finds hard to market or a drug that a cosmetics manufacturer is at a loss to understand. Revlon hopes that combined research will turn up products that can be readily retailed in drugstores, which are thoroughly covered by Revlon's crack 168-man sales force...