Question - McGraw-Edison Merger 1957
Posted: Thu Dec 31, 2015 9:16 am
In 1956, Max McGraw wrote to Charles Edison, son of Thomas Alva Edison, former Governor of New Jersey and Secretary of the Navy, proposing that they meet to discuss the possibility of merging McGraw Electric Company and Thomas A. Edison, Incorporated. The proposal met with agreement and shortly thereafter the two met at the Broadmoor Hotel, Colorado Springs, Colorado. An agreement was reached in just a few days, when Max McGraw named the dollar figure which Charles Edison thought appropriate. With the approval of shareholders, the consolidation became effective in January, 1957. On consummation of the merger, McGraw Electric Company became McGraw-Edison Company, acquiring the famous Edison Laboratories in West Orange, New Jersey, several manufacturing divisions and additional subsidiaries. Charles Edison continued his career as chairman of the board of directors of the combined operation until his retirement in 1960.
I guess my question here is: Was TAE's lab "mothballed" or was the lab/plant kept in operation and/or turned over immediately to the National Park Service in 1957? I have asked this question several times when visiting the West Orange historic site but the park personnel seem to be only "scripted" and most didn't even know who Max McGraw was. Very curious if the lab and plant continued to operate and manufacture what things ??
I guess my question here is: Was TAE's lab "mothballed" or was the lab/plant kept in operation and/or turned over immediately to the National Park Service in 1957? I have asked this question several times when visiting the West Orange historic site but the park personnel seem to be only "scripted" and most didn't even know who Max McGraw was. Very curious if the lab and plant continued to operate and manufacture what things ??