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James River Corp

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BUSINESS
July 9, 1986 | DENISE GELLENE, Times Staff Writer
James River Corp., a Richmond, Va., paper company that acquired Crown Zellerbach's pulp and paper operations last December, said Tuesday that it has agreed to sell Zellerbach Distribution Group to New York-based Mead Corp. for $250 million in cash. Included in the sale are paper distribution outlets--essentially warehouses--in 42 cities, including 11 in California. Zellerbach Distribution Group employs 2,100 people, including 1,000 in California, and had 1985 sales of $820 million.
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BUSINESS
May 6, 1997 | From Reuters
James River Corp. and Fort Howard Corp. said Monday they agreed to a $5.8-billion merger that would create one of the nation's largest makers of tissues, napkins and other paper products. The merged company, to be called Fort James Corp., would have annual sales of about $7 billion with brands such as Quilted Northern bathroom tissue. Under the deal, Fort Howard shareholders would get 1.375 shares of Fort James stock for each Fort Howard share, equal to $42.
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BUSINESS
August 2, 1993 | From Times Staff and Wire Reports
James River to Close Modesto Plant: The corporation's Food and Consumer Packaging business said it will shut down its folding-carton operation as part of a restructuring program aimed at reducing annual operating costs by $200 million. The Modesto operation will be transferred to one of the company's 14 folding-carton facilities in--among other locations--Garden Grove, Calif.; Portland, Ore., and Redmond, Wash. The company did not specify how much money the shutdown would save.
BUSINESS
July 21, 1992 | From Times Staff and Wire Reports
Davis-based Calgene said it will merge Hodag Chemical Corp. of Illinois with its Calgene Chemical subsidiary. Hodag manufactures a line of vegetable oil-based ingredients . . . Colgate-Palmolive Co. said it agreed to sell the paper products business of its Mennen unit to a unit of James River Corp. for an undisclosed price . . . The Federal Reserve reports that the average yield for one-year T-bills, the most popular index for making changes in adjustable rate mortgages, fell to 3.
BUSINESS
May 6, 1997 | From Reuters
James River Corp. and Fort Howard Corp. said Monday they agreed to a $5.8-billion merger that would create one of the nation's largest makers of tissues, napkins and other paper products. The merged company, to be called Fort James Corp., would have annual sales of about $7 billion with brands such as Quilted Northern bathroom tissue. Under the deal, Fort Howard shareholders would get 1.375 shares of Fort James stock for each Fort Howard share, equal to $42.
BUSINESS
October 19, 1985
Both companies indicated that the talks may involve the sale of some Crown Zellerbach assets. In a prepared statement, San Francisco-based Crown Zellerbach said it is continuing to study various alternatives to increase the value of the company to shareholders. In July, Zellerbach ended an eight-month takeover battle with Sir James Goldsmith when the British financier was elected chairman following his acquisition of more than half of the company's outstanding stock.
BUSINESS
March 4, 1997
Pacific Gulf Properties Inc., expanding its Northern California holdings, has purchased a 21-acre industrial distribution facility near Sacramento for $12.7 million. Although the 570,000-square-foot James River Distribution Center is currently occupied by James River Corp., Pacific Gulf said Monday that it plans to divide the center for multiple tenants when the current lease expires. This acquisition boosts Pacific Gulf's industrial portfolio to 26 properties with nearly 6 million square feet.
BUSINESS
July 9, 1986 | DENISE GELLENE, Times Staff Writer
James River Corp., a Richmond, Va., paper company that acquired Crown Zellerbach's pulp and paper operations last December, said Tuesday that it has agreed to sell Zellerbach Distribution Group to New York-based Mead Corp. for $250 million in cash. Included in the sale are paper distribution outlets--essentially warehouses--in 42 cities, including 11 in California. Zellerbach Distribution Group employs 2,100 people, including 1,000 in California, and had 1985 sales of $820 million.
BUSINESS
October 19, 1985
Both companies indicated that the talks may involve the sale of some Crown Zellerbach assets. In a prepared statement, San Francisco-based Crown Zellerbach said it is continuing to study various alternatives to increase the value of the company to shareholders. In July, Zellerbach ended an eight-month takeover battle with Sir James Goldsmith when the British financier was elected chairman following his acquisition of more than half of the company's outstanding stock.
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