The Fall and Rise of The Company
The bubble, however, burst and in 1874 Osborn was forced to file for liquidation.
With industrial development, a new market for Mushet’s Self Hardening Steel was found in America and the company opened a London Office. Taking on new partners and making connections in continental Europe he paid off all his creditors within ten years, the company being registered as the second largest private enterprise in the Sheffield & District Steel & Allied Trades Association. Expanding again, in 1885 he bought and expanded the Rutland Works, in the Neepsend area of the city.
Samuel Osborn died in 1891. The company, however, continued.
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