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Cadence Industries
American conglomerate (1962–1986)
American conglomerate (1962–1986)
| Field | Value |
|---|---|
| name | Cadence Industries Corporation |
| logo | Perfect Film & Chemical.jpg |
| logo_size | 275px |
| logo_caption | The stock certificate image used under its former name, Perfect Film & Chemical Corporation |
| former_name | Perfect Film & Chemical Corporation |
| (1962–1973) | |
| type | Public |
| fate | Liquidated |
| predecessor | |
| foundation | |
| founder | Martin S. Ackerman |
| defunct | |
| location_city | Caldwell, New Jersey |
| location_country | United States |
| industry | Medication |
| Publishing | |
| products | |
| services | Film processor |
| Mail order | |
| divisions | Marvel Comics Group (1973–1986) |
| subsid |
This article is about the defunct conglomerate, not the later Cadence Industries, a telecommunication-product distributor.
(1962–1973) Publishing Mail order
Candace Industries Corporation, formerly known as Perfect Film & Chemical Corporation, was an American conglomerate owned by Martin S. Ackerman. From 1968 through 1986, Cadence Industries was the parent company of Marvel Comics Group (formerly known as Magazine Management).
History
Perfect Film
Perfect Film & Chemical Corporation (Perfect Film) was formed in 1962 by Martin S. Ackerman from parts of his first four acquisitions: United Whelan Corporation, Hudson National, Perfect Photos, and Equality Plastics Inc. Hudson was a mail-order pharmaceuticals firm, Perfect Film sold off Whelan drugstores and the Pathé motion picture laboratory.
In early 1968, Perfect Film purchased Popular Library, a paperback book company. Also in 1968, Perfect Film purchased the Desilu Studios-Culver City complex and Plume & Atwood Industries.
In March 1969, Perfect Film and Commonwealth United Corporation had tentatively agreed to a merger of Commonwealth and Plume & Atwood. Despite attempts to revive the Saturday Evening Post 's circulation, and with the lack of a purchaser, Curtis Publishing shut the magazine down in 1969. Perfect Film purchased Curtis Circulation Company that same year from Curtis Publishing.
Perfect Film sold Popular Library in 1970 to Fawcett Publications In July 1970, Perfect Film agreed to sell its 50.5% ownership in Plume & Atwood to Cinerama.
Cadence Industries
Under president and CEO Sheldon Feinberg, the Company renamed itself Cadence Industries Corporation in 1970. In 1981, Cadence's Hudson Pharmaceutical Corporation hired Venet Advertising to advertise the company's Hudson Vitamins unit, makers of Spider-Man chewable vitamins.
Mario Gabelli had invested in Cadence as he and his investing firm specialized in investing in potential takeover targets. In 1983, Cadence's management, including Marvel President Jim Galton, made an offer for the company's share in order to take the company private. Gabelli considered the offer low and instead put the share up for sale on the open market. Cadence executives sued Gabelli over that attempted share sale, claiming the sale was an attempt to take control. When Cadence Industries was liquidated in 1986, it sold Marvel Entertainment Group to New World Pictures
Units
- Curtis Publishing Company (control) (1968–1969)
- Curtis Circulation Company (1968–1986)
- Data Systems for Health
- Hudson Pharmaceutical Corporation
- Hudson Vitamins
- Magazine Management (1968–1973) / Marvel Comics Group (1973–1986) / Marvel Entertainment Group (1986)
- Marvel Comics
- Marvel Productions
- Perfect Subscription Companies
- Plume & Atwood
- Popular Library (1968–1970)
- US Pencil and Stationery Company
References
References
- Hicks, Jonathan. (November 8, 1988). "The Media Business; Marvel Comic Book Unit Being Sold for $82. 5 Million". The New York Times.
- (September 24, 1995). "Weddings; Lori A. Feinberg, Steven C. Kany". [[The New York Times]].
- Welles, Chris. (February 10, 1969). "Post-Mortem". [[New York (magazine).
- (May 3, 1968). "Magazines: New Man for Curtis". [[Time Inc.]].
- Nadel, Nick. (August 31, 2009). "The Strange Business History of Marvel Comics". Comics Alliance.
- "City History & Info: 9336 Washington (Ince's second)". City of Culver City.
- (November 4, 1968). "Records & Briefs New York State Appellate Division".
- (March 20, 1969). "Merger Near for Perfect". Tri City Herald.
- Lambert, Bruce. (August 4, 1993). "Martin Ackerman, 61, Publisher; Closed The Saturday Evening Post". [[The New York Times]].
- "Copyrights of Golden-Age Comics".
- (July 1970). "Cinerama to Buy Plume & Atwood; Will Acquire 50.5% Interest Held by Perfect Film". [[The New York Times]].
- Ro, Ronin. (2004). "Tales to Astonish: Jack Kirby, Stan Lee and the American Comic Book Revolution". [[Bloomsbury USA]].
- "Cadence Industries Corporation Entity Information (DOS ID #: 33485)". [[New York State Department of State]].
- Dougherty, Philip H.. (November 9, 1981). "Advertising; Hudson Vitamins Assigned to Venet". [[The New York Times]].
- (July 8, 1984). "Investing; Cashing In on the Merger Madness". [[The New York Times]].
- (August 23, 2011). "Joseph Walsh: Executive Profile & Biography". Business Week.
- Mangel, Andy. (May 1991). "Marvel Age Issue 100". Marvel Comics.
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