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VA. A.H. Robins Co., Inc., 1988 <100,000 Shrs Specimen Stock Cert., VF-XF ABN

$ 23.75

Availability: 100 in stock
  • Refund will be given as: Money back or replacement (buyer's choice)
  • Item must be returned within: 14 Days
  • All returns accepted: Returns Accepted
  • Return shipping will be paid by: Buyer

    Description

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    Description
    VA. A.H. Robins Co., Inc., 1988 <100,000 Shrs Specimen Stock Cert., VF-XF ABN. In 1963 the company's profits reached a major milestone at fifty million dollars, and A. H. Robins began to acquire other companies like Morton Manufacturing Corporation, which made Chap Stick. The purchase made the company more diversified and gave it interests outside of the increasingly government-regulated pharmaceutical field. A public offering of stock was also made in 1963, and the company began to set aside discount stock for its employees. In 1965 the company purchased Labratorios Ergos and Productos Medicinales in Venezuela. Swinson Foods, Laboratories Martinet, Paris, and Laboratorios Wadel, Brazil, were all acquired in 1966. That same year, E. Claiborne Robins, Jr. (b. 1943), became the fourth generation of Robinses to answer the call when he joined the company. Another significant milestone was reached in 1967 when A. H. Robins achieved net sales of one hundred million dollars. E. Claiborne Robins reiterated his concern, "excessive government regulation and investigation" in the 1967 Annual Report. That same year the company bought the Polk Miller Corporation, headquartered in Richmond, Va., which produced pet care products, as well as Parfums Caron, a French company. The following year, A. H. Robins combined the Polk Miller Corporation and the Morton Manufacturing Corporation into the Miller-Morton subsidiary. This helped expand the company's product line beyond pharmaceuticals, creating an even more diversified and less regulated product base.
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