Following various mergers, purchases, and spin-offs, the firms originally founded or co-founded by Frederick Sheppard Grimwade became Felton Grimwade & Bickford (manufacturers of Bosisto's Eucalyptus Oil), Drug Houses of Australia Ltd and Australian Consolidated Industries Ltd.
He began his corporate career at Abbott Laboratories in the 1960s and then went on to be managing director of Drug Houses of Australia.
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