Kidde Inc. will be taken over by Hanson Trust under a complicated $1.79 billion agreement.
Harry S. Gaples, then president, purchased the company from Hanson Trust.
April - Hanson Trust concludes its takeover of the Imperial Group for £2.5 billion.
Hanson Trust is a conglomerate with interests ranging from bricks to batteries, garden tools, furniture, shoes, clothes and hot dogs.
They took over Wiles and renamed it Hanson Trust.
By the early 1970's they had built their company, then called Hanson Trust, into a medium-sized conglomerate.
It will be bought by the American arm of Hanson Trust, the big British conglomerate, for about $1.79 billion in cash and securities.
In 1983 the group was acquired by Hanson Trust, and was largely broken up.
Hanson Trust has two main roles.
The company was the subject of a hostile takeover by Hanson Trust in 1981.
