This article first appeared in the St. Louis Beacon: The Mallinckrodt name goes back to the mid-19th century as a source of St. Louis pride in commerce, chemistry and medicine. The name goes back a quarter-century as an example of chronic corporate turmoil.
Since 1982, Mallinckrodt has been bought, sold, split up and spun off. It has been reorganized, restructured, relocated and renamed. Large pieces have been acquired and divested with the regularity of customers going through turnstiles at a sports stadium.