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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]
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 ...
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 ...
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