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Biography of Caesar Augustin Grasselli
Name: Caesar Augustin Grasselli
Birth Date: 1850
Death Date: 1927
Place of Birth: Cincinnati, Ohio, United States
Nationality: American
Gender: Male
Occupations: businessman, entrepreneur
Caesar Augustin Grasselli
Caesar Augustin Grasselli (1850-1927) was the third generation to head the Grasselli Chemical Company. Following his death, one of America's oldest chemical businesses was merged into the E.I. du Pont Company.Caesar Grasselli, son of Eugene Ramiro Grasselli, was born in Cincinnati, Ohio. He inherited his father's interest in and aptitude for chemistry and the family enterprise. Starting at age 15 he received on-the-job training, including stints as bricklayer and pipefitter, from his father. In addition, a chemistry professor from Karlsruhe University (in Germany) tutored him and he attended Mount St. Mary's College in Emmitsburg, Maryland. "C.A.," as he was known, married in 1871 and went on an extended honeymoon, in part a business holiday, visiting chemical plants in France, Germany, and Britain as well as the ancestral home at Torno, Italy; he made a similar chemical tour in 1899. He became a partner in Eugene Grasselli & Son in 1873, senior partner …showed first 150 words…
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…showed last 150 words…leadership the company continued to prosper as a private concern. In the year following his death, Grasselli Chemical embarked on a new direction; it obtained a listing on the New York Stock Exchange, becoming a publicly held corporation. Then came a bigger change. Later that year (1929) Grasselli Chemical was acquired by du Pont in the largest merger in which one of the top 200 nonfinancial companies acquired a company not on the list. Du Pont exchanged stock valued at million for the Grasselli stock, 26 plants, and assets of million. Thus the third-generation heirs of an Italian immigrant entrepreneur ended the independent family enterprise; such family enterprises typically do not endure beyond the third generation. Associated Organizations Associated Events World War I, 1914-1918 Further Reading For additional information on Caesar and other Grassellis see William Haynes, Chemical Pioneers (1970 reprint of 1939), and David Van Tassel and John J. Grabowski, eds., Encyclopedia of Cleveland History (1987).
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