Proms ac Tay ea [Remington To Acquire Arms Co. Agrees | able 2:24electric Toren: tonoi i lectric Mall BRIDGEPORT, | Co. Conn.—Remington Arms | Co., Inc., entered in agreement to buy the Mall Toot Co. of Chicago and its Canadian subsidiary, Mall Tool, Ltd., of Toronto. A joint statement issued com. ern produees port. TagOl! fce caso T, engi engine chaini Saws, gasoiine pu' ed and pneumatic toolg and flexible shaft «+ .i.pment 4 Too! — by the companies | Said the acquisition will be completed when | Settlement details are announced. No terms of the purchase agreement were given. : Remington Arms, a manufacturer of firearms, ammunition, industrial tools and titan- ium alloys, Said the purchase is a step in diversifying its industrial products line. Mall Tool, founded in 1920, employs about 2,000 and operates plants in Chicago, Crete, ~<a Monday, : : June 18, nae 1956 : nena filestones B eo designed to ¢ @ increase ® the system's daily capacity from 1,730,000,000 1,800,000,000 cubic feet. e ¢ «& average cubic feet to Olin Mathieson to Consolidate Ammunition Operations EAST ALTON, Ill.—Olin Mathieson Chemical Corp, is discontinuing manufacture of ammunition at its New Haven, Conn., plant, avid will consolidate all such operations here. According dent and to W. general Miller Hurley, manager of vice presi- the Winchester- Western division, thd consolidation will place over the next six to nine months. take The division has and military ammunition at both places. The announcement of the move been making both sporting said, ‘‘The company’s ammunition business has declined due in part to completion of long-range military contracts and the reduced procurement policy of the Government on ammunition.’ It alsa noted the East Alton plants have been handling a major share of the corporation’s ammunition business for some time and ‘‘with minor adjustments in manufacturing schedules will be able to absorb the additional production.”’ e * @