The Carlon Co. plant on SW 59th St. between Sooner Rd. and
Sunnylane Rd. has been sold to the Lamson & Sessions Co. of
Cleveland as part of an $85 million corporate acquisition, The
Journal Record has learned.
The 175,000-square-foot plant employs about 100 people and
manufactures plastic conduit pipe, of which The Carlon Co. is a
leading national producer.
Seller was TBG Inc. of New York, known in Oklahoma as Teerless
TBG Inc., which is run by international industrialist Baron Hans
Heinrich Thyssen-Bornemisza II.
Lamson & Sessions is a supplier of a variety of fabricated and
machined metal components and parts used principally in the
transportation equipment industry.
Carlon was a division of TBG. The acquisition makes Carlon a
wholly-owned subsidiary of Lamson & Sessions, said Alan L. Miller,
vice-president, secretary and general counsel for Lamson & Sessions.
Divisions of Lamson & Sessions include the Slagle Manufacturing
company of Tulsa, which produces shell and tube heat exchangers.
Other divisions are Midland Steel Products, Permold Corp. and
Valley-Todeco. The Youngstown Steel Door Co. is a subsidiary of
Lamson & Sessions.
A purchase price for the Oklahoma City plant was not disclosed.
The $85 million acquisition consisted of 10 locations in different
states.
A $47 million mortgage also was executed on the property as a
means of financing the acquisition, Miller said. The mortgage was
executed in favor of Congress Financial Corp. (Central) of Chicago.
The plant was bought by Lamson & Sessions from TBG and then
conveyed to Carlon as a subsidiary of Lamson & Sessions. Carlon
assumed $35 million indebtedness from the original $47 million
mortgage, according to records in the Oklahoma County Courthouse.
Carlon is based in Beachwood, Ohio, a suburb of Cleveland. The
manufacturing company had total sales in excess of $180 million in
1985.
Miller said the acquisition will more than double the size of
Lamson & Sessions, which has total annual sales of about $132
million., a new restaurant and bar, has leased 5,600 square feet of
space in Nantucket Landing, 3120 W. Britton Rd., just west of May
Ave.
Babe's Place will be decorated with antiques, wood floors and a
brick fireplace. It will feature '50s and '60s and easy listening
music.
Specialties will include fried chicken, smoked ribs, smoked
chicken, third-pound hamburgers, sandwiches and salads. Daily
luncheon and weekend food specials will be offered.
The restaurant and club is set to open the week of Dec. 17.
David Farris is the owner of Babe's Place. He also owns the
Grand Restaurant, which is located in the Atrium Building at NW 63rd
St. and Grand Blvd.
John Cohlmia and Phil Pippin with Harrison Levy Co. negotiated
the lease. . .
- Unique Security, a new security business, has opened for
business in about 1,000 square feet of space leased in Aero-Meridian
Tower, 909 S. …
