Sauquiot Spinning Company
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.[1] As a subsidiary of the Standard Coosa-Thatcher Company, the plant weathered the Great Depression.
The mill continued to thrive as one of Gadsden's leading employers until the 1950s, when it closed along with the Dwight Manufacturing Company.[2]
References[]
- ^ Spinning Plant Acquired, Wall Street Journal, March 26, 1930, pg. 3.
- ^ Gadsden, City of Champions, Arcadia Publishing, Mike Goodson, 2002, pg. 8.
Categories:
- Buildings and structures in Gadsden, Alabama
- History of Alabama
- Manufacturing companies disestablished in 1930
- 1930 mergers and acquisitions
- 1930 disestablishments in Alabama
- Defunct manufacturing companies based in Alabama