"In 1982, Morton International merged with the Thiokol Corporation, developers of rocket fuel and automotive airbags, and also acquired Philip Morris' chemical division. Meanwhile, Procter & Gamble acquired the Norwich Eaton pharmaceutical business from Morton Norwich, including Pepto-Bismol, Cloraseptic, and Norwich aspirin. In 1996, Morton's airbag business was spun off to Autoliv of Sweden, and in 1999 Morton was acquired by Rohm & Haas of Philadelphia.
"Nearly all of the directors of the company since 1989 have ties to the Illinois Interlock: Ralph M. Barford, a director of the Bank of Montreal; James R. Cantalupo, also a director of McDonald's Corp.; W. James Farrell, chairman, CEO and director of Illinois Tool Works; Richard L. Keyser, chairman, CEO and director of WW Grainger; Frank W. Luerssen, former chairman and CEO of Inland Steel; Edward J. Mooney, a director of Northern Trust; George A. Schaefer, also a director of Aon Corp.; S. Jay Stewart, also a director of Household International; Roger W. Stone, chairman, president and CEO of Stone Container, and also a director of McDonald's Corp.; Raymond C. Tower, also a director of Household International and Inland Steel. And William T. Creson was the former president, CEO and chairman of Crown Zellerbach - James D. Zellerbach was a crony of Paul Hoffman. Charles A. Sanders was a director from 1989 to 1995."
Resources and articles
- edgar-online MORTON INTERNATIONAL, INC., organizational web page, accessed January 28, 2013.