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The company was founded by George Courtauld and his cousin Peter Taylor (1790–1850) in 1794 as a silk, crepe and textile business at Pebmarsh in north Essex trading as George Courtauld & Co. In 1810, his American -born son Samuel Courtauld was managing his own silk mill in Braintree, Essex .
The Courtauld Silk Mill in Halstead, Essex. Samuel Courtauld (c. 1793 – 22 March 1881) was a British industrialist who developed his family firm, Courtaulds, to become eventually the world's largest textile company.
In 1794 he established his own textile business at Pebmarsh under the name George Courtald & Co. [1] However by 1816 the business was in financial difficulty: that year George's son Samuel took over the business and built it into the UK's largest manufacturer of mourning crape. [1] George was an ardent Unitarian. [1]
In 1824 he joined his elder brother, Samuel Courtauld to work in the rapidly expanding silk and crepe manufactory. After a four-year apprenticeship in the business, he had earned his place on the board of management and in 1828, he took his place with his brother Samuel Courtauld and with Peter Taylor (1790-1850), the partner and cousin of his father the elder George, to become the junior ...
The American Viscose Company was established in 1909 as the American wing of Courtaulds, a British textile company specializing in silk. [3] The company patented the method of production of viscose (also known as artificial silk, and later, rayon), and built its first United States plant at Marcus Hook, Pennsylvania, in 1910. [3] Demand was ...
By the early 20th century, the Courtauld family business had become a major international company, having successfully developed and marketed rayon, an artificial fibre and inexpensive silk substitute. Samuel Courtauld took charge of the firm from 1908 as director and as chairman from 1921 to 1946.
The 228,480 shares were sold to the public. In 1949, The company passed into the control of the Monsanto Corporation. (Courtaulds resumed manufacture of rayon in the United States in 1952, at a new plant in Axis, Alabama). [4] In 1963 it was purchased by FMC Corporation. In 1974 the plant in Parkersburg, West Virginia was closed. FMC sold off ...
With him she had eight children, although only four survived, [8] and their son George, apprenticed in 1761 to a silk throwster, began the link to the textile company Courtaulds. [3] They ran a successful business until Samuel Courtauld's death in 1765. Her own hallmark was registered with the Goldsmiths' Company around 1766. [2]