Magazine content is available exclusively for TIME subscribers.Business: Mergers, Acquisition
Zonite Products Co. makes antiseptic germicide, advertises its use with disarming frankness. Last week Zonite directors decided to purchase controlling interest in the Agmel Corporation, whose therapeutic products are derived from aguamiel, the sap of the Mexican maguey plant. President Ellery W. Mann of Zonite becomes president of Agmel.
General Motors Corp. ("A family of products & people") last week made arrangements to enter another industrial field. The new product will be storage batteries, to be made in Muncie, Ind., in the manufacturing plant bought last week from Durant Motors.
In Philadelphia, the Franklin...
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