|Traded as||NYSE: ALD|
|Fate||Merger with The Signal Companies|
|Predecessor||Beckers Aniline & Chemical
National Aniline & Chemical
Schoellkopf Chemical Works
Standard Aniline Products
Solvay Process Company
|Founder||Eugene Meyer, William Ripley Nichols|
|Headquarters||Morristown, New Jersey|
|Products||Chemicals, plastics, catalysts, Hydrocarbon exploration and production|
Allied Corp. (NYSE: ALD) was a major American company with operations in the chemical, aerospace, automotive, oil and gas industries. It was initially formed in 1920 as the Allied Chemical and Dye Corporation as an amalgamation of five chemical companies. In 1958 it was renamed Allied Chemical Corporation when it diversified into oil and gas exploration. Allied Chemical then became Allied Corporation in 1981 upon the purchase of Bendix Corporation, an aerospace and automotive company. In 1985 Allied merged with the Signal Companies to become AlliedSignal. AlliedSignal would eventually acquire Honeywell in 1999 and then adopt its name.
During World War I, Imperial Germany controlled much of the world's chemical production. This resulted in critical shortages of certain dyes, drugs and especially ammonia, a vital compound used to make fertilizers and explosives.
Allied Chemical and Dye Corporation
In 1920, publisher Eugene Meyer and noted chemist William Ripley Nichols founded Allied Chemical and Dye Corporation in order to address this shortcoming in American industrial production. Allied was an amalgamation of five existing companies, including the Standard Aniline Products Corporation and National Aniline and Chemical Works. Allied's first venture into new markets was the construction of a synthetic ammonia plant near Hopewell, Virginia in 1928. This would soon become the world's largest producer of ammonia.
Allied Chemical Corporation
After World War II, Allied began manufacturing other products, including Nylon 6 and refrigerants. The company name was simplified to reflect this diversification, becoming Allied Chemical Corporation in 1958. It also moved its headquarters to Morristown, New Jersey.
In 1962, Allied bought Union Texas Natural Gas. Allied initially regarded Union as a vertical integration supplier of raw materials for its chemical products. However, CEO John T. Connor, secretary of commerce under president Lyndon Johnson, sold many of Allied's unprofitable businesses in the 1970s and invested more heavily in oil and gas exploration. By 1979, Union Texas was generating 80% of Allied's revenue.
Between 1978 and 1979, Allied funded The MacNeil/Lehrer Report on public television.
As the company sought to further diversify its operations, it was renamed Allied Corporation in 1981.
At one point in 1985, Allied funded Nova on PBS.
- National Anline at Colorant History.org retrieved 08-05-2012
- History of Allied Corporation at the Honeywell, Inc. website retrieved 08-05-2012
- Railroad reporting marks, N retrieved 08-05-2012.