User:VC Historian/sandbox

Matrad Corporation (New York)

type Privately held company Industry	Shipping, construction aggregates, Main offices	London, New York, Athens,

Matrad Corporation was a privately owned US entity created to exploit the US building block market. Matrad pioneered the use of pumic stone as a substitute for cinder in the cinder block market. In the late 1950's in the US east coast, power generation moved from coal to liquids and resulted in a shortage of coal derived cinders. Pumic stone was imported as a substituted from the Mediterranean islands of Lipari in Italy, Santorini and Yali island in Greece.

Matrad Corporation was founded in 1945 and operated until the mid-1960's and represented one of the diversified business interests of the family of Mr. Peter M Nomikos.