Owens-Illinois Sale of Its Kaylo Division to Owens-Corning Fiberglas (1958)

A five-page agreement "made this 9th day of May, 1958, with an effective date as of the close of business on April 30, 1958," by which the Owens-Illinois Glass Company ("O-I") sold "certain of the properties … of the Kaylo Division" to Owens-Corning Fiberglas Corporation ("OCF"). The products are defined as "hydrous calcium silicate products of the type heretofore manufactured by O-I at Berlin, New Jersey, and commonly referred to as 'Kaylo.'" It was signed for Owens-Illinois by its president and for Owens-Corning Fiberglas by its financial vice president.

What it shows

Owens-Corning bought the raw materials, work in process, finished goods and supplies at the Berlin plant for $633,661.41; all trademarks relating only to Kaylo for $17,500; the Berlin land, buildings, machinery and equipment for $3,600,000; and the Kaylo patents and applications for $2,650,000. Owens-Illinois assigned the division's open contracts as of May 1, 1958, among them "agreements with labor unions" and "consultant agreements," and Owens-Corning took on the obligations under them going forward. Owens-Illinois kept responsibility for "goods delivered prior to May 1, 1958," and agreed to hold Owens-Corning harmless on those. It also agreed to hand over the division's "books, records, contracts, orders and files," keeping copies of any it wished to retain.

This is the document that dates the end of Owens-Illinois's ownership of Kaylo: the plant and the product line passed to Owens-Corning at the end of April 1958. Owens-Corning had already been reselling Owens-Illinois's Kaylo since 1953, under supply agreements that ran to January 1, 1959. The insurer's dust survey of the Berlin plant was made on April 28 and May 2, 1958, on either side of the sale's effective date, and was still addressed to Owens-Illinois's Kaylo Division.

About this copy

Someone has written a note in the margin of page 3 beside the clause giving Owens-Corning access to the Kaylo Division's files; it is only partly legible. The two schedules the agreement mentions, listing the trademarks and the patents, are not in this file. The file's index describes it as Owens-Corning material gathered in 1987.