Biflex Products Corporation was a Winnetka, Illinois based manufacturer of automobile bumpers. In July 1923 the company was listed as a co-conspirator with American Chain Company of New York City in an effort to restrain trade and restrict interstate commerce. A lawsuit in United States Federal Court sought to prevent American Chain Company from acquiring a monopoly in the sales of automobile bumpers. The effort to restrain trade began prior to January 1, 1920[1]
80% of the common stock of Biflex Products Corporation was acquired by General Spring Bumper Corporation of Detroit, Michigan in March 1929. Biflex Products Corporation maintained its corporate identity.[2] By August 1931 Biflex Products Corporation was a subsidiary of Houdaille-Hershey Corporation.[3]
Two Biflex Products Corporation plants were sold to Oakes Products Corporation at a receivership sale in Wilmington, Delaware on November 4, 1935. The manufacturing sites were located in Decatur, Illinois and North Chicago, Illinois. The purchase prices were $50,000 and $90,000 respectively.[4]
References edit
- ^ Auto Bumper Trust Seen By Government, The New York Times, July 17, 1923, pg. 33.
- ^ Gen'l Spring Bumper, The Wall Street Journal, March 21, 1929, pg. 7.
- ^ Inquiring Investor, Wall Street Journal, August 25, 1931, pg. 8.
- ^ Biflex Products Plants Sold, The New York Times, November 5, 1935, pg. 47.