The Allison Engine Company was a U.S. aircraft engine manufacturer that has its roots dating back to September 1904, when the Concentrated Acetylene Company was founded by James Allison, Percy C. 'Fred' Avery and Carl G. Fisher. Avery was the holder of the patent for the product. This company was the predecessor of the Prest-O-Lite Company, a manufacturer of acetylene headlights. An explosion at the acetylene gas works in downtown Indianapolis caused the company to relocate out of town, near the race track in Speedway, Indiana. Allison and Fisher raced automobiles at that track, each owning a race car team. This hobby resulted in Allison building a shop at the track in Speedway where he maintained his fleet of race cars. This shop became the site for Allison Plant #1. Fisher and Allison sold their interest in Prest-O-Lite to Union Carbide for $9,000,000.
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