In 1813, Stephen King built a dam across the Taunton River, a short distance above the site of what would become the Old Colony Iron Company.

The Taunton Tow Path Company operated barges from 1836 to 1854 along canals that were built on both sides of the river to bypass the dam.

[6] The company was hit with a substantial loss in August, 1881, when fire destroyed the nail factory and steam tack plate mill.

[8] The shovel mill located eastern portion of the iron works site was later occupied by the Standard Oil Cloth Company.

The Nemasket Mills Corporation was established in 1891 for cotton textile manufacture on the western portion of the former site of the Old Colony Iron Works.

3, located at Weir Village was sold by New England Cotton Yarn Company to William Butler, who renamed it Nemasket Mill.

The portion of the complex on the east side of Old Colony Avenue, formerly occupied by the shovel works, now contains various small commercial buildings.