Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Apponaug Co. - Lehman Brothers Collection

Apponaug Co.

List of Deals

The Apponaug Company was created in the 1860s and in the first few decades was engaged in the bleaching, dyeing, and printing of staple cotton fabrics. In 1913 the company employed 450 people and became incorporated in Massachusetts. Shortly thereafter, Apponaug began developing finishing processes for fine textiles instead of staple fabrics because this market was found to be more profitable. By the 1920s Apponaug was engaged in bleaching, mercerizing, dyeing, printing, and finishing a wide variety of textiles, including the finer grades of cotton, rayon, Celanese, and mixed fabrics. The business was done entirely on order for the account of mills and converters. It did not carry its own inventory of fabrics.

The company had a plant located at Apponaug, near Providence, Rhode Island, with floor space of about 326,900 square feet. During the four-year period from 1925 through 1928, output averaged more than 30,000,000 yards annually.

In 1928 the company earned a net profit of $638,369, up from $587,570 the previous year, and employed 597.

Harvard Business School Harvard Business School Baker Library Histrorical Collections