Argus Corporation
Former headquarters at 10 Toronto Street
|
|
| Holding company | |
| Founded | 1945 |
| Founder |
|
| Defunct | 2008 |
| Headquarters | Toronto, Ontario |
The Argus Corporation was an investment holding company based in Toronto, Ontario. During the 1960s and 1970s, it was the most powerful and best known conglomerate in Canada, at one time controlling the companies making up 10 percent of all shares traded daily on the .
Argus was founded as an investment holding company in 1945 by E. P. Taylor with minority partners Colonel W. Eric Phillips, Wallace McCutcheon, Bud McDougald, and other less influential investors. The company was formed through Taylor's brewery empire, Canadian Breweries Limited, which was later known as Carling O'Keefe, and which Argus took control over. Argus was also set up with the support of the American Atlas Corporation, itself a holding company.
In 1958, Argus moved its headquarters to the prestigious location of 10 Toronto Street, where it stayed until its demise.
Argus was once one of Canada's most powerful conglomerates. By 1964, 10 percent of all shares traded on the were controlled by Argus. In 1969, E.P. Taylor appointed McDougald to run operations. In the 1970s, it controlled large companies including Canadian Breweries Limited, Dominion Stores,Hollinger Mines,Crown Trust, Domtar,Standard Broadcasting and Massey-Ferguson, as well as at some point or other having control or significant shareholdings in other Canadian companies such as Dominion Malting Co., Orange Crush Ltd., British Columbia Forest Products Limited and the St. Lawrence Corporation, a wood pulp processor.
...
Wikipedia