Publication: Moberly Monitor-Index and Moberly Evening Democrat
Moberly, MO, United States
To Sell Porcelain
CENTRALIA — A. B. Chance Company has contracted to sell its Porcelain Products Company Division in Carey, Ohio, to the Clarken Company of St. Louis July 1, Chance President Nathan A. Toalson announced here today.
Clarken Company will buy the inventory, machinery, equipment, furniture and fixtures and will take a long-term lease on the plant buildings, Toalson said.
All employes of the Porcelain Products Company division have been offered employment by Clarken, Toalson said. Clarken Company makes replacement parts for electrical transformers.
The Porcelain Products Company division at Carey employes about 115 persons. It accounted for about 5 per cent of 1962 Chance sales. It makes "dry process" porcelain used by the electrical industry and several others, but its products are marketed through different channels than other Chance products.
The Carey factory is one of two porcelain plants acquired by Chance Company seven years ago through purchase of the Porcelain Products Company. Chance operates the other plant in Parkersburg, W. Va. which manufactures high voltage insulators used on electrical transmission lines.