A group headed by local attorney and developer Kingdon Gould Jr. said yesterday it has purchased the Chicago manufacturer Globe Industries Inc. from a subsidiary of USLICO Corp. for $23.5 million.
Globe makes soundproofing materials for automobiles and roofing materials for residential and commercial use, and expects 1986 sales of more than $100 million, USLICO said.
Gould, developer of the proposed controversial Konterra minicity in Prince George's County, will become the new chairman of Globe. The new owners are "committed to Globe's continued growth and development of new products in both divisions," Gould said.
Robert Christopher, who is a partner with Gould in the Globe acquisition, will continue as president and chief executive of the company, which will continue to operate as an independent entity.
Globe was a subsidiary of IGI Holdings Inc., which is a unit of International Bank, a diversified holding company with investments in light industry, overseas merchant banking, real estate and insurance. USLICO acquired International Bank in December, saying then that it intended to sell some of the light manufacturing operations.
Gould's family will own a controlling interest in Globe. His family also owns other manufacturing operations, including Murray Corp., an automotive-parts company based in Baltimore.
Gould said he invested in Globe because it is "going to grow," and has increased productivity, sales and profits in recent years.
All members of the acquisition group are related to Gould personally or to Globe, he said.
USLICO, based in the District, is a holding company created in 1984 for United Services Life Insurance Co. USLICO owns six life insurance companies, an investment arm and International Bank.
USLICO reported 1985 net earnings of $20.2 million and total assets of $1.6 billion as of Dec. 31.