Allied Corp. was a major American company with operations in the chemical, aerospace, automotive, oil and gas industries. It was initially formed in 1920 as the Allied Chemical and Dye Corporation as an amalgamation of five chemical companies. In 1958, it was renamed Allied Chemical Corporation when it diversified into oil and gas exploration. Allied Chemical then became Allied Corporation in 1981. In 1985, Allied merged with the Signal Companies to become AlliedSignal. AlliedSignal would eventually acquire Honeywell in 1999 and then adopt its name.

Allied Chemical was included in the Dow Jones Industrial Average since 1925.

Predecessors

General Chemical Company

The General Chemical Corporation commenced business on March 1, 1899. The preferred stock of the new company was issued for tangible assets, appraised carefully over a period of nine months. The common stock with some exceptions was issued for good-will and intangible assets and was set equal to ten years worth of earnings of each predecessor company, interpolated from 5.5 years of earnings reports. The appraisal was $14,008,955 of aggregate capital and the total capital invested in the United States in chemical works was estimated to have been $238,000,000 in 1899.

+ Companies taken over in 1899 Name Hometown Campbell Chemical Co Chicago, Illinois W. H. Chappell & Co St. Louis, Missouri Dundee Chemical Works Dundee, New Jersey Fairfield Chemical Works Bridgeport, Connecticut Highlands Chemical Co Highlands Station, New York James Irwin & Co Pittsburgh, Pennsylvania Lodi Chemical Co Lodi, New Jersey Martin Kalbfleisch Chemical Co Bayonne, New Jersey Buffalo, New York James L. Morgan & Co Shadyside, New Jersey Bridgeport, Connecticut National Chemical Co Cleveland, Ohio The Nichols Chemical Co Laurel Hill, Long Island, New York Troy, New York Syracuse, New York Passaic Chemical Co Newark, New Jersey Moro Phillips Chemical Co Philadelphia, Pennsylvania Nichols Chemical Co of Canada Ltd

+ General Chemical Co plants (1902) Name State Location bold=exact Bayonne Works NJ Constable Hook Index, Plate 63 (1912) Bridgeport Works CT Worden Ave. Bridgeport Index, Plate 54 (1913) Dundee Works NJ Lodi & 8th Passaic Index, Plate 2 (1884) Index, Plate 2 (1886) Index, Plate 2 (1889) Index, Plate 21 (1894) Index, Plate 8 (1899) Index, Plate 46 (1910) Index, Plate 19 (1935) Index, Plate 19 (1951) Fairfield Works CT Fairfield Buffalo Works NY Abbott Rd. & Buffalo River Buffalo Chicago Works IL 21st and Stewart Ave. Chicago Calumet Works IL Chicago Highlands Works NY Highland Station Putnam County Hudson River Works NJ Shadyside Laurel Hill Works NY Laurel Hill Long Island Lodi Works NJ Lodi National Works OH Cleveland Passaic Works NJ Brill Ave. Newark Index, Plate 85 (1908) St. Louis Works MO St. Louis Syracuse Works NY Marsh Rd. Syracuse Sanborn Map 1911 Volume 3, Plate 319 Troy Works NY Erie Canal Lock No. 4 Troy Index, Plate 75 (1903) United States Works NJ Camden Index, Plate 16, 33 (1906) Moro Phillips Works Standard Chemical Works Illinois Works IL Chicago Heights

The Barrett Company

Incorporated as the American Coal Products Co. and before May 1, 1903 acquired 90% of the stock of United Coke & Gas Co. (a producer of byproduct coke ovens+ Coke plants of United Coke & Gas Co. (Dec 1901) Owner Town Built Ovens Coke for Gas for Cambria Steel Co Johnstown 1895-1898 160 Blast furnace Fuel Pitts. Gas & Coke Co Glassport 1896 120 Blast furnace, domestic Fuel New England Gas & Coke Co Everett 1898 400 Domestic, Locomotive Illum. Dominion Iron & Steel Co Sydney 1900 400 Blast Furnace Fuel Hamilton Otto Coke Co Hamilton 1900 50 Foundry, Domestic Illum. Lackawanna Iron & Steel Co Lebanon 1901 232 Blast furnace Fuel Buffalo 1901 564 Blast Furnace Fuel South Jersey Gas & Electric Traction Co Camden 1901 100 Foundry, domestic Illum. Maryland Steel Co Sparrows Point 1901 200 Blast furnace Illum, Fuel Michigan Alkali Co Wyandotte 1901 15 Burning lime Fuel ) and 80% of Barrett Manufacturing Co. of West Virginia (a producer of various coal products). On January 1, 1909, sold its coke oven interests (which included the United Otto and Otto Hoffman coke oven patents) to the Oberschlesische Kokswerke & Chemische Fabriken AG of Berlin, which formed the German-American Coke & Gas Co. in which American Coal Products Co. had some interest. Renamed to (The) Barrett Co. on January 25, 1916.

+ Earnings Year Profit Dividends 1907 $1,520,262 1908 940,409 1909 1,285,173 1910 1,393,903 1911 1,062,330 $740,463

History During World War I, Imperial Germany controlled much of the world's chemical production. This resulted in critical shortages of certain dyes, drugs and especially ammonia, a vital compound used to make fertilizers and explosives.

Allied Chemical and Dye Corporation In 1920, publisher Eugene Meyer and noted chemist William Henry Nichols founded Allied Chemical and Dye Corporation in order to address this shortcoming in American industrial production. Allied was an amalgamation of five existing companies with a total capitalization of $175,000,000, including Barrett Chemical Company (est. 1858), The General Chemical Company (est. 1899), National Aniline & Chemical Company (est. 1917), Semet-Solvay Company (est. 1895), and the Solvay Process Company (est. 1881). All manufacturing was consolidated in Buffalo, and much attention was given to improving the processes hastily introduced during World War I. Allied's first venture into new markets was the construction of a synthetic ammonia plant near Hopewell, Virginia in 1928. This would soon become the world's largest producer of ammonia.History of Allied Corporation at the Honeywell, Inc. website Retrieved May 8, 2012

Pursuant to a plan adopted September 9, 1920, stockholders of the companies to be consolidated were invited to deposit their stock for exchange. By December 2, 1920, well above 90% were deposited, the exchange offer expired December 15 and on December 17, 1920 the new company was incorporated in the state of New York.

+ Distribution of shares Company Incorp Deposited Ratio New Stock issued Preferred Stock (par value) General Chemical Co. $15,438,000 $100 $15,438,000 The Barrett Co. 7,113,900 116.66 8,299,100 National Aniline & Chemical Co., Inc 13,588,800 100 13,588,800 Total $37,326,400 Common Stock (shares) General Chemical Co. February 15, 1899 (NY) 194,566 2.66863 519,225 The Solvay Process Co. September 28, 1881 (NY) 210,832 3.22415 679,755 Semet-Solvay Co. January 31, 1916 (NY) 102,977 2.73010 281,138 The Barrett Co. February 7, 1903 (NJ) 153,502 2.34088 359,330 National Aniline & Chemical Co., Inc May 26, 1917 (NY) 288,283 1.05454 304,007 Total 2,143,455

Stock certificates began trading on the New York Stock Exchange in September. Barrett (since 1916), National Aniline (since 1919) and General Chemical (since 1902) were listed on the NYSE at the time of merger, the two Solvay companies were not.

+ Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1920 High Low 56 46

National Aniline and Chemical Works had been formed in 1917 by the merger of Schoellkopf Aniline and Chemical, Beckers Aniline and Chemical of Brooklyn, and the Benzol Products Company. Included also were certain facilities of Semet-Solvay, the Barrett Company, and the General Chemical company that made coal tar intermediates. The executives were Jacob F. Schoellkopf Jr., C. P. Hugo Schoellkopf, I. F. Stone, and Dr. William G. Beckers.

Henry Francis Atherton joined as Secretary of the National Aniline and Chemical Company in the 1920s and served as president of Allied Chemical and Dye Corporation from 1934 to 1946. He was also chairman of the board from 1935, until his death in 1949.

The company was renamed to Allied Chemical Corporation on April 28, 1958.

Allied Chemical Corporation

After World War II, Allied began manufacturing other products, including Nylon 6, refrigerants and plastic dinnerware. The company name was simplified to reflect thithumbsAllied Chemical flatware, creamer, coffee cup diversification, becoming Allied Chemical Corporation in 1958. It also moved its headquarters to Morristown, New Jersey.

In 1962, Allied bought Union Texas Natural Gas. Allied initially regarded Union as a vertical integration supplier of raw materials for its chemical products. However, CEO John T. Connor, secretary of commerce under president Lyndon Johnson, sold many of Allied's unprofitable businesses in the 1970s and invested more heavily in oil and gas exploration. By 1979, Union Texas was generating 80% of Allied's revenue.

Between 1978 and 1979, Allied funded The MacNeil/Lehrer Report on public television.

Allied Corp. As the company sought to further diversify its operations, it was renamed Allied Corporation in 1981.

Its next acquisition, in 1983, was Bendix Corporation, an aerospace and automotive firm. By 1984, Bendix was generating 50% of Allied's income, while oil and gas generated 38%.

Between 1964 and 1984, the reporting marks used to identify Allied Chemical's rolling stock on the North American railroad network was NLX.Railroad reporting marks, N Retrieved May 8, 2012.

At one point in 1985, Allied funded Nova on PBS.

AlliedSignal In 1985, Allied merged with the Signal Companies to become AlliedSignal. The company would eventually acquire Honeywell in 1999, and adopt its name.

See also British Dyestuffs Corporation IG Farben United Alkali Company

Notes

References

External links