Standard Coosa-Thatcher Company

The Standard Coosa-Thatcher Company was a textile corporation founded in Piedmont, Alabama in 1891. It was publicly traded beginning in 1922.[1] The firm is important because of its endurance for nearly a century and its expansion throughout the southeast United States and into the western United States.

The former Standard Coosa-Thatcher mill in Peidmont

History of textile business

Standard Coosa-Thatcher Company made a significant addition to its Chattanooga, Tennessee mill in 1925.[2] It operated thirteen plants in California, North Carolina, Alabama, Tennessee, and Georgia. In 1981 the enterprise generated $175.5 million in sales and net income of $1.5 million or $2.82 per share.

Owners of the concern agreed to be acquired by a group of company executives, with additional funding from Wolsey & Company, a New York City investment firm, in April 1982.[1] They resolved to reject a bid from Chicago, Illinois investor Clyde W. Engle, who offered $60 per share. Stockholders continued to debate whether to accept the $53 per share offered by Standard Coosa-Thatcher officials in July 1982[3]

gollark: Interesting.
gollark: If your brain loses oxygen input for something like 10 seconds, you become unconscious, and it fully shuts down given a few minutes or something like that.
gollark: Oxygen is needed to run aerobic respiration. Aerobic respiration is needed by lots of body stuff - muscles can run on anaerobic respiration for a bit, but not things like the brain.
gollark: I mean, you can go without oxygen input for a few minutes (I think because of stuff held in the lungs, though - stopping time would break absorption of that), but stuff does actually need it.
gollark: You can't just "not require oxygen".

See also

References
  1. Standard-Coosa To Be Acquired, New York Times, April 15, 1982, pg. D5.
  2. Chattanooga, New York Times, October 4, 1925, pg. 28.
  3. Standard Coosa Asks Holders to Turn Down Engle Group's Offer, Wall Street Journal, July 13, 1982, pg. 41.
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