In February 1960 the company was bought out by City Products Corp of Ohio for $53 million plus assumption of Butler Brothers liabilities .
City Products Corp of Ohio are a company which had been in existence since 1894 as an ice company .
In February 1960 the company was bought out by City Products Corp of Ohio , a company which had been in existence since 1894 as an ice company , for $53 million plus assumption of Butler Brothers liabilities .