The Standard Coosa-Thatcher Company was a textile corporation founded in Piedmont, Alabama in 1891. It was publicly traded beginning in 1922. [1] The firm is important because of its endurance for nearly a century and its expansion throughout the southeast United States and into the western United States.
Standard Coosa-Thatcher Company made a significant addition to its Chattanooga, Tennessee mill in 1925. [2] It operated thirteen plants in California, North Carolina, Alabama, Tennessee, and Georgia. In 1981 the enterprise generated $175.5 million in sales and net income of $1.5 million or $2.82 per share.
Owners of the concern agreed to be acquired by a group of company executives, with additional funding from Wolsey & Company, a New York City investment firm, in April 1982. [1] They resolved to reject a bid from Chicago, Illinois investor Clyde W. Engle, who offered $60 per share. Stockholders continued to debate whether to accept the $53 per share offered by Standard Coosa-Thatcher officials in July 1982 [3]
Walker County is a county located in the northwestern part of the U.S. state of Georgia. As of the 2010 census, the population was 68,756. The county seat is LaFayette. The county was created on December 18, 1833, from land formerly belonging to the Cherokee Indian Nation.
Chattanooga is a city in and the county seat of Hamilton County, Tennessee, along the Tennessee River bordering Georgia. With an estimated population of 182,799 in 2019, it is the fourth-largest city in Tennessee and one of the two principal cities of East Tennessee, along with Knoxville. The city anchors the Chattanooga metropolitan area, the fourth largest metropolitan statistical area in Tennessee, as well as a larger three-state area that includes Southeast Tennessee, Northwest Georgia, and Northeast Alabama. Served by multiple railroads and Interstate highways, Chattanooga is a transit hub. Chattanooga lies 118 miles (190 km) northwest of Atlanta, Georgia, 112 miles (180 km) southwest of Knoxville, Tennessee, 134 miles (216 km) southeast of Nashville, Tennessee, 102 miles (164 km) east-northeast of Huntsville, Alabama, and 147 miles (237 km) northeast of Birmingham, Alabama.
Piedmont is a city in Calhoun and Cherokee counties in the U.S. state of Alabama. The population was 4,878 at the 2010 census. It is included in the Anniston-Oxford, Alabama Metropolitan Statistical Area.
Gadsden is a city in and the county seat of Etowah County in the U.S. state of Alabama. It is located on the Coosa River about 56 miles (90 km) northeast of Birmingham and 90 miles (140 km) southwest of Chattanooga, Tennessee. It is the primary city of the Gadsden Metropolitan Statistical Area, which has a population of 103,931. As of the 2010 census, the population of the city was 36,856, with an estimated population of 35,000 in 2019. Gadsden and Rome, Georgia, are the largest cities in the triangular area defined by the interstate highways between Atlanta, Birmingham, and Chattanooga.
Gannett Co., Inc. is an American mass media holding company headquartered in McLean, Virginia, in the Washington, D.C., metropolitan area. It is the largest U.S. newspaper publisher as measured by total daily circulation.
The Creek War (1813–1814), also known as the Red Stick War and the Creek Civil War, was a regional war between opposing Creek factions, European empires and the United States, taking place largely in today's Alabama and along the Gulf Coast. The major conflicts of the war took place between state militia units and the "Red Stick" Creeks.
Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States, the Middle East, and Colombia as well as petrochemical manufacturing in the United States, Canada, and Chile. It is organized in Delaware and headquartered in Houston. The company is ranked 292nd on the Forbes Global 2000 and 167th on the Fortune 500.
Alexander Dennis is a Scottish bus building company based in Larbert, Scotland. The largest bus and coach manufacturer in the United Kingdom, Alexander Dennis has manufacturing plants and partnerships in Canada, China, Europe, Hong Kong, Malaysia, New Zealand, Singapore, South Africa and the United States.
The Southern Railway was a class 1 railroad based in the Southern United States between 1894 and 1982, when it merged with the Norfolk & Western to form Norfolk Southern. The railroad was the product of nearly 150 predecessor lines that were combined, reorganized and recombined beginning in the 1830s, formally becoming the Southern Railway in 1894.
The Nashville, Chattanooga and St. Louis Railway was a railway company operating in the southern United States in Kentucky, Tennessee, Alabama and Georgia. It began as the Nashville and Chattanooga Railroad, chartered in Nashville in December 11, 1845, built to 5 ft gauge and was the first railway to operate in the state of Tennessee. By the turn of the twentieth century, the NC&StL grew into one of the most important railway systems in the southern United States.
Books-A-Million, Inc., also known as BAM!, is a bookstore chain in the United States, operating 260 stores in 32 states. Stores range in size from 4,000 to 30,000 square feet and sell books, magazines, collectibles, toys, technology, and gifts. Most Books-A-Million stores feature "Joe Muggs" cafés, a coffee and espresso bar. Stores operate under the names Books-A-Million, Bookland, Books & Company, and 2nd & Charles.
Unum Group is a Chattanooga, Tennessee-based Fortune 500 insurance company formerly known as UnumProvident. Unum Group was created by the 1999 merger of Unum Corporation and The Provident Companies and comprises three distinct businesses – Unum US, Unum UK, and Colonial Life. Its underwriting insurers include The Paul Revere Life Insurance Company and Provident Life and Accident Insurance Company. Unum is the top disability insurer in both the United States and United Kingdom and also offers other insurance products including accident, critical illness and life insurance.
Chattem is an American, Chattanooga, Tennessee-based, producer and marketer of over-the-counter healthcare products, toiletries, dietary supplements, topical analgesics, and medicated skin care products. Originally named the Chattanooga Medicine Company, the company’s brand portfolio holds twenty-two brands including Allegra, Gold Bond, Flexall, IcyHot, Rolaids, Sun-In, Pamprin, Dexatrim, Aspercreme, and Selsun Blue. The company produces two-thirds of its products at its Chattanooga production facilities with the remaining produced by third-party producers. The company is a subsidiary of the French multinational pharmaceutical company Sanofi.
CBL Properties is a real estate investment trust that invests in shopping centers, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. The company's largest tenants are L Brands, Signet Jewelers, and Foot Locker.
Red Food Stores, Inc. was a supermarket chain company headquartered in Chattanooga, Tennessee. It operated stores mostly in northwest Georgia, northeast Alabama, and southeast Tennessee. Around 55 stores were operated in the same three states. According to The Chattanoogan, Red Food was a longtime icon in Chattanooga history.
The Alabama Great Southern Railroad is a railroad in the U.S. states of Alabama, Georgia, Louisiana, Mississippi, and Tennessee. It is an operating subsidiary of the Norfolk Southern Corporation (NS), running southwest from Chattanooga to New Orleans through Birmingham and Meridian. The AGS also owns about a 30% interest in the Kansas City Southern-controlled Meridian-Shreveport Meridian Speedway.
The Sauquiot Spinning Company was a Gadsden, Alabama textile business which was acquired by the Standard Coosa-Thatcher Company in March 1930. The firm operated with 20,000 spindles and was purchased for approximately $1,000,000. As a subsidiary of the Standard Coosa-Thatcher Company, the plant weathered the Great Depression.
Starrett Corporation, formerly known as Starrett Brothers, Inc. and Starrett Brothers and Eken, is a real estate development and construction firm known for having built the Empire State Building, Stuyvesant Town, Starrett City and Trump Tower in New York City.
The Volkswagen Chattanooga Assembly Plant is an automobile assembly plant in Chattanooga, Tennessee employing approximately 2,000. The plant was formally announced in July 2008 and began production of the Passat B7 in April 2011 prior to being formally inaugurated in May 2011. The plant began production in April 2011 with a version of the 2012 Volkswagen Passat NMS, tailored to the US market, and has a projected annual production of 150,000 cars. Production of the Volkswagen Atlas commenced in 2017. In 2019, VW announced that the I.D. Crozz and Buzz all-electric vehicles would be produced at the plant in a new electric vehicle division beginning in 2022.
John Jonathon Pratt was an American journalist and newspaper owner. He was the inventor of the first working typewriters sold to the public. He was born in South Carolina and lived in Alabama, making him a Confederate, which put him at a disadvantage initially in obtaining US patents. He temporarily lived in England, where he developed his typewriter invention and received British patent rights. He sold some of his typewriters in England as early as 1867, which were the first typewriters bought by the public.