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BUSINESS
March 14, 1995 | From Associated Press
Scott Paper Co. took its restructuring a historic leap further Monday by announcing a relocation to Florida, abandoning the top tissue maker's Philadelphia home after more than a century. Corporate headquarters will move to Boca Raton; North American operations will move elsewhere in the Philadelphia area, and other regional centers will be created in Paris and Hong Kong. Scott's 55-acre complex in Tinicum Township near the Philadelphia airport will be sold to the Koll Co.
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BUSINESS
May 24, 1996 | Times Staff and Wire Reports
P&G Buying Baby Wipes Business: Procter & Gamble Co. said it will purchase the business of the former Scott Paper Co. from Kimberly-Clark Corp. for $220 million. The agreement is subject to review by the U.S. Justice Department. Antitrust authorities in the United States and Mexico had required Dallas-based Kimberly-Clark to sell off some assets as a condition for approval of its merger last year with Boca Raton, Fla.-based Scott.
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BUSINESS
January 27, 1994 | From Associated Press
Scott Paper Co. announced its third restructuring in four years Wednesday, saying it will cut another quarter of its work force to try to bring costs in line with those of competitors. With the plans to cut 8,300 jobs, Scott joined other big manufacturers and consumer products companies that have made drastic payroll cuts and closed factories recently in hopes of catching up with more productive rivals.
BUSINESS
December 13, 1995 | From Times Wire Services
Kimberly-Clark Corp. completed its $9.4-billion purchase of Scott Paper Co. on Tuesday after reaching an agreement with antitrust regulators over the sale of some assets. Under a sweeping restructuring as part of the acquisition, Kimberly-Clark is expected to sell several non-consumer businesses, fire workers and take a charge of as much as $1.5 billion. Company Chairman Wayne Sanders is scheduled to provide details of the restructuring to analysts in New York today.
BUSINESS
June 30, 1995 | From Reuters
Scott Paper Co. shares rose sharply Thursday on rumors that either Procter & Gamble Co. or the British firm Unilever may bid for the paper products company, traders said. Last week, Scott was reported to be in merger talks with Kimberly-Clark Corp. in a stock transaction valued at about $7.3 billion. "There's talk that a couple of other suitors may step in. We're hearing Unilever or P&G," one trader said after Scott's stock rose $2 to $50.125 in active trading on the New York Stock Exchange.
BUSINESS
March 19, 1995 | JAMES FLANIGAN
"Business is not a social experiment," says Albert J. Dunlap, who came to Scott Paper Co. as chairman and chief executive last April and since then has cut one-third of the employees--11,200 people--sold assets worth more than $2 billion and boosted the 115-year old company's stock price from $37.75 a share to $84.625. "Dunlap should be cloned," says one of America's foremost experts on corporations and shareholder value. But should he really?
BUSINESS
July 18, 1995 | DENISE GELLENE, TIMES STAFF WRITER
Kimberly-Clark Corp. agreed on Monday to buy Scott Paper Co. for $6.8 billion in stock, creating the world's largest facial tissue company and illustrating how growing global competition in household products is forcing many industry giants to merge. The acquisition unites Kimberly-Clark, the maker of Huggies disposable diapers and Kleenex tissues, with Scott's Viva paper towels, Scotties tissues and Cottonelle toilet tissue.
BUSINESS
November 27, 1989 | CHARLES P. WALLACE, TIMES STAFF WRITER
Environmental groups are claiming victory following the decision by Philadelphia-based Scott Paper Co. to back out of a $600-million project to exploit one of Indonesia's last virgin forests. But now they fear that a worse fate is yet to come. Scott had set up the joint venture at the beginning of the year with Indonesia's second-largest industrial company, PT Astra.
BUSINESS
June 24, 1995 | From Times Staff and Wire Reports
Kimberly-Clark Corp. is in talks to buy Scott Paper Co. in a stock swap valued at about $7.3 billion, a deal that would create the nation's second-largest consumer products company, an executive close to the situation said Friday. Kimberly-Clark makes Kleenex tissues and Huggies disposable diapers; Scott Paper's products include Cottonelle toilet tissue and Scotties facial tissue.
BUSINESS
July 18, 1995 | From Times Wire Services
Scott Paper Co.'s chairman and chief executive, Alfred J. Dunlap, stands to pocket up to $100 million from selling the company to Kimberly-Clark in a $6.8-billion deal announced Monday. But he says he's the "biggest bargain in corporate America." Dunlap said Scott's shareholder value has increased by $4.5 billion since he took over in April, 1994, and began a series of deep cost-cutting moves at the paper maker. "My entire focus from the first day I joined Scott has been . . .
BUSINESS
August 18, 1995 | Times Staff and Wire Reports
EU to Look at Kimberly-Clark, Scott Deal: The European Commission said it will review the planned merger between U.S. companies Kimberly-Clark Corp. and Scott Paper Co. An EU executive said in a statement that the deal appeared to fall under the EU's merger regulation, under which it assesses the effects on competition of certain linkups between companies that have a significant presence on the European market. The two companies announced a $6.
BUSINESS
July 18, 1995 | DENISE GELLENE, TIMES STAFF WRITER
Kimberly-Clark Corp. agreed on Monday to buy Scott Paper Co. for $6.8 billion in stock, creating the world's largest facial tissue company and illustrating how growing global competition in household products is forcing many industry giants to merge. The acquisition unites Kimberly-Clark, the maker of Huggies disposable diapers and Kleenex tissues, with Scott's Viva paper towels, Scotties tissues and Cottonelle toilet tissue.
BUSINESS
July 18, 1995 | From Times Wire Services
Scott Paper Co.'s chairman and chief executive, Alfred J. Dunlap, stands to pocket up to $100 million from selling the company to Kimberly-Clark in a $6.8-billion deal announced Monday. But he says he's the "biggest bargain in corporate America." Dunlap said Scott's shareholder value has increased by $4.5 billion since he took over in April, 1994, and began a series of deep cost-cutting moves at the paper maker. "My entire focus from the first day I joined Scott has been . . .
BUSINESS
June 30, 1995 | From Reuters
Scott Paper Co. shares rose sharply Thursday on rumors that either Procter & Gamble Co. or the British firm Unilever may bid for the paper products company, traders said. Last week, Scott was reported to be in merger talks with Kimberly-Clark Corp. in a stock transaction valued at about $7.3 billion. "There's talk that a couple of other suitors may step in. We're hearing Unilever or P&G," one trader said after Scott's stock rose $2 to $50.125 in active trading on the New York Stock Exchange.
BUSINESS
June 24, 1995 | From Times Staff and Wire Reports
Kimberly-Clark Corp. is in talks to buy Scott Paper Co. in a stock swap valued at about $7.3 billion, a deal that would create the nation's second-largest consumer products company, an executive close to the situation said Friday. Kimberly-Clark makes Kleenex tissues and Huggies disposable diapers; Scott Paper's products include Cottonelle toilet tissue and Scotties facial tissue.
BUSINESS
March 19, 1995 | JAMES FLANIGAN
"Business is not a social experiment," says Albert J. Dunlap, who came to Scott Paper Co. as chairman and chief executive last April and since then has cut one-third of the employees--11,200 people--sold assets worth more than $2 billion and boosted the 115-year old company's stock price from $37.75 a share to $84.625. "Dunlap should be cloned," says one of America's foremost experts on corporations and shareholder value. But should he really?
BUSINESS
November 28, 1989 | From United Press International
Scott Paper Co.'s board of directors has approved plans designed to expand its tissue-making ability, the company announced. Details of the expansion program will be announced at a later date as the specific parts of the program are approved by the board, said Philip E. Lippincott, Scott Paper's chairman and chief executive.
BUSINESS
March 14, 1995 | From Associated Press
Scott Paper Co. took its restructuring a historic leap further Monday by announcing a relocation to Florida, abandoning the top tissue maker's Philadelphia home after more than a century. Corporate headquarters will move to Boca Raton; North American operations will move elsewhere in the Philadelphia area, and other regional centers will be created in Paris and Hong Kong. Scott's 55-acre complex in Tinicum Township near the Philadelphia airport will be sold to the Koll Co.
BUSINESS
January 6, 1995 | From Times Staff and Wire Reports
Scott Paper, Jacobs Unit in Partnership: Jacobs-Sirrine Engineers, a division of Pasadena-based Jacobs Engineering, will be Scott's primary partner in providing engineering, procurement and construction services for Scott Worldwide North American facilities. Pasadena-based Jacobs Engineering Group Inc. said the partnership represents about $150 million a year in facility capital projects.
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