This company in 1860 became Mead and Weston, then Mead and Nixon in 1866. The suit charged the defendants with price fixing and with attempting to push smaller makers out of the market by buying independent box makers and opening operations where they would compete with smaller businesses. A year later operations were consolidated at the Chillicothe mill, costing the company more than $32,000. However, the date of retrieval is often important. 400 Atlantic Street 1980s Highlighted by the Increasing Success of Mead Data Central. Retrieved October 17, 2020 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/mead-corporation. Mead also directed its attention to potential growth in paper; for example, the company responded to an anticipated hike in mail rates by investing $60 million in a computer-controlled paper machine to make lightweight paper. By 1904 the Teutonia National Bank instituted a suit that resulted in trusteeship of the company by bankers in Dayton, Chillicothe, and Cincinnati, Ohio. (October 17, 2020). Collection Number: 1781 What has been Glatfelter in recent years, was recently sold and the new signs installed this week reflect that change at the Chillicothe mill. Dec 31, 2015 - Explore Jacquelyn Doles's board "Chillicothe, Ohio - Historic" on Pinterest. Development of this product was costly, and it diminished Mead's earnings from 1986 to 1990. Segoe, Ladislas. "The Mead Corporation Mead’s paperboard capacity was also increased through the 1996 completion of a 225,000 ton-per-year, $176 million corrugating medium machine at the Stevenson mill. As part of the plan, Mead laid off about 1,000 employees, setting up a $95 million special reserve for such expenses as severance pay, retraining, relocation, counseling, and outplacement. Toward this end, in 1917 Mead secured a five-year contract to produce magazine paper for Crowell Publishing Company. Then its business emphasis in paper products shifted from production to marketing. Mead retained substantially diverse operations, including furniture factories, foundries, and Alabama coal mines. In 1927 The Mead Paperboard Corporation was founded as a holding company for the paperboard operations, including the Sylvia Paperboard Company, The Harriman Company, The Southern Extract Company, and the Chillicothe Company. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). Corporation. ." Business improved in 1984, as Mead’s electronic information-retrieval services became profitable. During the first decade of its existence, Mead Paper Company averaged annual profits of $22,000, peaking at nearly $50,000 in 1891, the year of Mead’s death. By 1984 debt was down to 42% of capital, still a dangerously high level but better than in the previous year. The Escanaba and Chillicothe coated paper mills were the recipients of large capital investment programs, with $200 million spent in 1994 and 1995. The other defendants had settled out of court prior to the civil suit, and Mead was left with a potential liability of $750 million. Mead Pulp and Paper made its first public stock offering in 1906. As early as 1880, Glatfelter led the industry with the installation of the world's largest paper machine. In 1934, Glatfelter began its forestry management initiative, encouraging farmers to plant more trees and prevent soil erosion. Mead in turn filed its own antitrust suit against West. George Mead’s business philosophy would influence the company substantially during his 43-year tenure. At that time, the company had 1,000 employees and plants in four states. Then its business emphasis in paper products shifted from production to marketing. With Scott Paper Company, it formed the Brunswick Pulp & Paper Company at Brunswick, Georgia to supply both parent companies. He reorganized it as the Mead Pulp and Paper Company and was appointed vice president and general manager. Fax: (203) 358-2975 The case was settled in 1988 with a licensing agreement permitting MDC to offer West-copyrighted material via the LEXIS service. Mead Pulp and Paper made its first public stock offering in 1906. By 1975, however, sales and profits were on the upturn. To use a common set of tools to achieve results: total customer satisfaction, total productivity improvement, and commitment to high performance. The magazine paper called for 75 percent of the Chillicothe mill’s production. The Escanaba and Chillicothe coated paper mills were the recipients of large capital investment programs, with $200 million spent in 1994 and 1995. In 1988 LEXIS was responsible for MDC’s 33% growth. By 1937 the Brunswick mill was producing 150 tons of pulp per day. With Scott Paper Company, it formed the Brunswick Pulp & Paper Company at Brunswick, Georgia to supply both parent companies. CHAPTER IX - PIONEER HISTORY OF CHILLICOTHE: 219 - The Founders of Chillicothe - Massie Lays Out Chillicothe - First Settlement in Virginia Military District - Surveys Along the Scioto ... Woolen and Paper Mills - Tanneries: CHAPTER XVII - COLERAIN TOWNSHIP AND ADELPHI: 432 - Varied Natural Features - Origin of the Name - Set Off as Coldrain Mead Data Central Inc. (MDC), the subsidiary whose primary product was LEXIS, a service that made case law and statutes available through online computer searches, had been growing at a rate of 43 percent a year. During the 1950s, and with the 1968 allocation of $50 million for the expansion of the Escanaba mill, Mead had spent in excess of $400 million on maintaining and improving its papermaking facilities. Seeing that profits would be maximized if each machine could concentrate on producing one type of paper rather than continually changing production methods for different papers, Mead specialized his mills as far as possible. By 1990, two Japanese companies were marketing copiers using Cycolor. In 1873 Daniel Mead spearheaded a reorganization of the firm as the Mead & Nixon Paper Company, and in 1881 Mead bought out Nixon, establishing the Mead Paper Company in 1882. As Mead headed into the 1990s, takeover rumors circulated; its success in non-paper activities was bait for another paper company to purchase the firm and then sell its non-paper enterprises to defray the cost. In mid-1992 Mason announced the start of a three-year performance-improvement plan that aimed to increase both productivity and customer satisfaction. International Directory of Company Histories. Among the factors responsible were a drastic decrease in demand for lumber products and the costly settlement of the box suit. Despite the feet that Mead had left a thriving business, Mead Paper soon fell on hard times, owing largely to personal overdrafts by family members amounting to over $200,000, as well as to the substantial salaries drawn by Harry and Charles Mead and Charles’s travel expense and cash accounts, which in 1900 amounted to $13,800. After losing almost $200 million developing the special paper, Mead closed its Cycolor division in December 1990. The case was settled in 1988 with a licensing agreement permitting MDC to offer West-copyrighted material via the LEXIS service. Founded in 1846 by Colonel Daniel Mead and his partners, the company produced book and other printing papers at a mill in Dayton, Ohio. In 1856 Mead bought out his original partners with a friend from Philadelphia, Pennsylvania, forming Weston and Mead. In 1971 the Escanaba mill was operating at a loss despite a $15 million investment in upgrading the plant. U.S.A. In November 1996 Mead increased its coated paper capacity by 600,000 tons a year with the $640 million purchase of a coated paper mill located in Rumford, Maine from Boise Cascade. P.O. After ten years as chairman and CEO, Burnell Roberts retired in 1992 and was replaced by Steven Mason, who had been president and vice-chairman. Pixelle Specialty Solutions. . The magazine paper called for 75 percent of the Chillicothe mill's production. This firm became the nucleus of Mead’s containerboard division. Courthouse Plaza NortheastDayton, Ohio 45463U.S.A. Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Two other acquisitions were made, in 1943, that of the Manistique Pulp and Paper Company, of Manistique, Michigan and, in 1946, that of the Columbia Paper Company in Bristol, Virginia. [6], It may require cleanup to comply with Wikipedia's content policies, particularly, Learn how and when to remove these template messages, Learn how and when to remove this template message, Pennsylvania Department of Environmental Protection, http://www.glatfelter.com/Files/about_us/investor_relations/2009_Annual_Report.pdf, http://www.glatfelter.com/Files/about_us/investor_relations/2010_Q1_Earnings_Release.pdf, "Glatfelter, book papers, specialty papers, engineered paper products home".
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