United Drug, Inc.
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Certificate Details
Product Details
Company
United Drug, Inc.
Certificate Type
Capital Stock
Date Issued
January 2, 1942 (grey)
March 16, 1936 (orange)
Canceled
Yes
Printer
American Bank Note Company
Signatures
Machine printed
Approximate Size
11 1/2" (w) by 7 1/2" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
In 1902, Louis K. Liggett persuaded 40 druggists to invest in a drug company that would manufacture and distribute products in franchised stores. In 1903, the United Drug Company began operations at 43 Leon Street in Boston, now known Meserve Hall at Northeastern University. The stores and products were known by the name "Rexall," for "king of all."
By 1929, United Drug had 21 manufacturing plants throughout the United States. It employed over 25,000 workers, supplied 10,000 Rexall Drug Stores, and operated a chain of over 500 Liggett Drug Stores in the United States. In 1944, Liggett stepped down. Justin Dart, the new president, renamed United Drug the Rexall Drug Company and moved the headquarters to Los Angeles.