Monday, Aug. 17, 1925
Retail Mergers
It is plainly an era of mergers in practically every field of industry. Arnold Constable and Stewart & Co. will shortly consolidate. Seven pie baking concerns* have linked their future fortunes under the resounding title of Pie Bakeries of America, Inc. Last, but not least important, has been the proposed merger between the Huylers' stores and the F. W. Shattuck Co., operating the Schrafft chain.
The Huyler business is an old one, and nationally known. . The F. W. Shattuck Co. was incorporated in 1906, and at present operates 21 candy stores and restaurants in Manhattan, Boston, Brooklyn and Syracuse. As of Dec. 31, 1924, its assets amounted to $4,656,205.
In addition to seeking to acquire the Huyler stores, the F. W. Shattuck Co. has acquired an interest in Christie, Brown & Co., Ltd.--largest Canadian makers of biscuits and similar products, with the view of introducing Christie biscuits in this country. Control of the Canadian concern has not been obtained, however, and the management will remain unchanged.
*Case & Martin Co., Chicago.
Littler Pie Co., Chicago.
Harris Bros. Pie Co., Chicago.
New England Pie Co., Detroit.
Wagner Pastry Co., Newark.
Consumers' Pie & Baking Corporation, Brooklyn.
Jochum Bros., Long Island City.