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

  1. Spinning Plant Acquired, Wall Street Journal, March 26, 1930, pg. 3.
  2. Gadsden, City of Champions, Arcadia Publishing, Mike Goodson, 2002, pg. 8.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.