Joseph Lanier Jr. Explained

Joseph Lanier Jr. (February 9, 1932 — August 11, 2021) was an American heir and businessman.^{[1] [2] [3] [4]}

His great - grandfather, LaFayette Lanier, founded the Alabama and Georgia Manufacturing Company in 1866.^{[4] [5]} By 1882, it became known as the West Point Manufacturing Company.^[4] It specialized in sails for clipper ships and cotton covers for the Conestoga wagons that crossed the prairies.^[4] In the 1980s, Joseph Lamar Lanier Jr. took over, focusing on brand-name product lines such as Lady Pepperell sheets and towels and Cabin Crafts carpets.^[6] In 1989, he reluctantly sold it to William F. Farley, Chairman of Farley, Inc., and received US$4 million in golden parachute.^{[4] [5] [7]}

From November 1989 to August 2006, he served as Chairman of the Board of Dan River, Inc., a textile company headquartered in Danville, Virginia.^{[2] [3] [8]} From 1980 to April 29, 2010, he also served on the boards of the Torchmark Corporation.^{[2] [3]} He served on the board of Alliance One International (formerly known as DIMON), a leaf tobacco merchant, from 1995 to 2006.^{[2] [3]} He has served on the Boards of Waddell & Reed and SunTrust Banks.^[1]

He is a member of the Augusta National Golf Club.^[9]

He died on August 11, 2021.^{[10] [11]}

Notes and References

1. http://investing.businessweek.com/research/stocks/people/person.asp?personId=222148&ticker=AOI&previousCapId=273084&previousTitle=Keebler%20Holding%20Corp. Bloomberg BusinessWeek: Joseph Lanier, Jr.
2. https://archive.today/20130216022211/http://www.forbes.com/profile/joseph-lanier/ Forbes
3. http://www.aointl.com/cg/ Alliance One International Board of Directors
4. Robert J. Cole, Pepperell Agrees to Farley Offer, The New York Times, February 24, 1989
5. Kenneth L. Gilpin, West Point-Pepperell Buyer Steps Down as Its Chairman, The New York Times, October 24, 1992
6. Book: Patton, Randall L.. Shaw Industries: A History. 2002. University of Georgia Press. 978-0-8203-2364-0. 125–129. en.
7. Cindy Skrzycki, A Major Deal Maker of the '80s Is Drowning in Debt in the '90s : Finance: William F. Farley's hot streak has cooled along with junk bonds. And his plans for West Point-Pepperell have stalled., The Los Angeles Times, May 13, 1990
8. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=27350 Bloomberg BusinessWeek: Dan River, Inc.
9. http://usatoday30.usatoday.com/sports/golf/masters/2002-09-27-augusta-list.htm Augusta National Golf Club members list
10. Web site: Joseph L. Lanier, Jr. . Alabama Academy of Honor . en.
11. News: Joe Lanier Jr., a pillar of U.S. textiles manufacturing, 89 . Home Textiles Today . 8 September 2021.