Monday, Feb. 06, 1928
More Mergers
Builders & Engineers. Merged as United Engineers & Constructors Inc. are the United Gas Improvement Co. of Philadelphia, Public Service Production Co. of Newark, N. J., Day & Zimmerman Engineering & Constructing Co. of Philadelphia and Dwight P. Robinson & Co. Inc. of Manhattan. The four already have contracts for $100,000,000 worth of work in the U. S., South America, Spain. At their head is Dwight Parker Robinson, 58, who, as first president of the International Shipbuilding Corp., developed Hog Island ship yards during the War. Before that he was Stone & Webster's master of engineering and construction activities. And before that he earned de- grees from both Harvard (A.B.) and Massachusetts Institute of Technology (S.B.).
Building Materials. Directors of
Certain-Teed Products Corp. and of Beaver Board Companies agreed on a $45,000,000 consolidation. Certain-Teed makes shingles & other roofing materials, building & insulated papers, dry asphalt & tarred felt, linoleum and other floor coverings, oil cloth, plaster and gypsum products, paints, varnishes, enamels. Beaver makes roofing materials, gypsum and plaster products, wood fibre boards.
Drugs. President Louis Kroh Liggett of United Drug Co. recommended to his stockholders the merger of their company (one of the largest chains of drug stores in the world) with the Sterling Products Inc. of West Virginia (largest producer of household remedies in the U. S.). Com- bined assets would be $145,700,000.