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The company also manufactured electric batteries, marketing them for use in flashlights. The company manufactured phenoxy herbicides and anti-crop agents for Fort Detrick under contract to the U.S. The new company had 35,000 employees, 46 domestic and 17 foreign plants. Olin Industries and Mathieson Chemical merged in 1954 to form the Olin Mathieson Chemical Corporation. (Olin skis are now produced under a licensing agreement by K2 Sports. The Olin Ski Company manufactured camping and skiing gear. Īfterward, the corporation diversified its interests into a wide variety of businesses, including plastics, cellophane, bauxite mining, automotive specialties, Ramset nailing tools, and home construction. Squibb & Sons (now part of Bristol-Myers Squibb). In 1952, the Mathieson Chemical Company, as it was known by then, acquired a controlling interest in the pharmaceutical firm of E. This site was declared a Superfund site in 1982. In Saltville it produced chlorine and caustic soda, leaching a considerable amount of methylmercury (by the company's own estimates, up to 100 pounds per day) into the soils and the North fork of the Holston River. Saltville then became a quintessential company town. Then-unrelated to Olin, Mathieson Alkali Works began business in Saltville, Virginia, and in 1893 acquired its neighbor, the Holston Salt and Plaster Corp. The war production helped the Olins to become one of the wealthiest American families of the time.Īfter the war, the Olins acquired the Mathieson Chemical Corporation-also founded in 1892. Olin's New Haven and East Alton plants employed about 17,000 workers each-producing the guns and small-caliber ammunition needed during World War II.
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Louis Arsenal and contributed to the war effort with manufacturing roles at the Badger Army Ammunition and Lake City Army Ammunition Plants. At the time, Olin Industries and its subsidiary companies ran the St. In 1944, the various Olin companies were organized under a new corporate parent, Olin Industries, Inc. Olin merged the two in 1935, forming Winchester-Western. In 1931, Western bought the Winchester Company. Through it, the Olins made a fortune supplying ammunition during World War I. Together, these companies became the Western Cartridge Company.
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The company also started its own brass mill. The company bought a paper manufacturer (the Ecusta Paper Company in Pisgah Forest, North Carolina), a lead shot facility, an explosive primer facility, a cartridge brass manufacturing facility, and a fiber wad facility. In order to survive, Olin diversified the activities of the company. For a time, his competitors were able to get their suppliers to shut off sources of raw materials in an attempt to drive Olin out of business. A family has lunch in Lake Charles, Louisiana, on the beach opposite the Olin Mathieson chemical plant, 1972 Expansion and acquisitions įranklin Olin, along with his two sons John and Spencer, formed the Western Cartridge Company in direct competition with Remington and Winchester.