Associated Rayon Corp.
List of Deals
- 1928 Associated Rayon Corporation: organization stock issue
- 1931 Associated Rayon Corporation: reorganization issue of 20-year 5% guaranteed convertible debentures due 1950
Associated Rayon Corporation was incorporated in Maryland in November 1928 to acquire securities of U.S. and foreign companies in the rayon and allied industries. With the proceeds of the initial public offering of common stock in 1928, Associated Rayon spent approximately $5 million and paid an additional 1.2 million shares to Vereinigte Glanzstoff-Fabriken A.G. to acquire a substantial interest in the following companies: Vereinigte Glanzstoff-Fabriken, A.G.; J.P. Bemberg, A.G., Germany; Erste Oesterreichische Glanzstoff-Fabrik, A.G., Austria; Societa Nazionale Industria Applicazioni Viscosa, Italy; Asahi Bemberg Kenshi K.K., Japan; Algemeene Kunstzijde Unie N.V., Netherlands; American Bemberg Corporation, Johnson City, Tennessee; American Glanzstoff Corporation, Elizabethton, Tennessee; and American Enka Corporation, Asheville, North Carolina.