James River Corporation
James River Corporation was an American pulp and paper company based in Richmond, Virginia.[2] It was once the largest paper manufacturer in the world.[2]
Industry | Pulp and paper |
---|---|
Fate | Merged with Fort Howard Paper Company |
Successor | Fort James Corporation |
Founded | 1969 |
Defunct | 1997 (merger) |
Headquarters | , |
Key people | Miles Marsh, CEO[1] |
Revenue | |
Number of employees | 23,000[1] |
History
The company was founded in 1969 as the James River Paper Company by Brenton Halsey and Robert Williams, with the purchase of Ethyl Corporation's Specialty Papers Division.[2] Halsey and Williams were both former employees of Albemarle Paper Manufacturing Company; the city of Richmond lies along the James River.
The company changed its name to the James River Corporation in 1973,[2] and it acquired the Dixie/Northern division of American Can Company in 1982.[3]
In 1986, James River acquired the fine paper mill assets of Crown Zellerbach, headquartered in San Francisco, and became the largest paper manufacturer in the world.[2] The brown paper division of CZ was not in the deal and became Gaylord Container Corporation. Crown Zellerbach had been the target of a hostile takeover by Sir James Goldsmith.
James River began producing 100 percent recycled paper products in 1991 at its mill in Green Bay, Wisconsin.[3] Some of the products included Recycled Northern Bath Tissue, Recycled Brawn Towels, and Recycled Northern Napkins. Also that year, the company sold twenty-two paper mills to Specialty Coatings Group.[4]
In 1997, the company merged with the Fort Howard Paper Company of Green Bay, forming the Fort James Corporation.[2][5] At the time of their merger, James River was one of the largest paper manufacturers, with 60 manufacturing facilities in North America and Europe.[1]
In 1998, Halsey and Williams, the company's founders, were both inducted into the Paper Industry International Hall of Fame.[6] [7]
Legacy
The historical records of the James River Corporation are housed at the Virginia Historical Society.[2]
References
- "James River Corp". Washington Post. April 28, 1997. Retrieved July 18, 2016.
- "James River Corporation". Virginia Historical Society. Retrieved July 18, 2016.
- "Green Bay operations". Retrieved July 18, 2016.
- "COMPANY NEWS; James River to Sell Special Paper Unit". New York Times. March 19, 1991. Retrieved July 18, 2016.
- "Paper Product Firms in $5.8-Billion Merger". Los Angeles Times. May 6, 1997. Retrieved July 18, 2016.
- "Brenton Halsey". Paper Industry International Hall of Fame. Retrieved July 18, 2016.
- "Robert Williams". Paper Industry International Hall of Fame. Retrieved July 18, 2016.