Material Service Corporation
From HistoryWiki
In 1919, on borrowed capital of $10,000, Henry Crown established (with his brother Irving) the Material Service Corporation (MSC). In its first year the company made a profit of $7,000 on sales of $218,000. MSC sold gravel, sand, lime, and coal to builders in the Chicago area.
Crown gained a controlling interest in General Dynamics in 1959, when he merged the company with MSC. By this time, MSC was a $100 million company.
