Cudahy Packing Company Explained

Cudahy Packing Company (later Cudahy Company)
Industry:Meat packing
Fate:Acquired in 1981
Predecessors:-->
Successor:Bar-S Foods Company
Founded:1887
Founders:Michael Cudahy
Areas Served:-->
Profit:-->
Profit Year:-->
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Cudahy Packing Company was an American meat packing company established in 1887 as the Armour-Cudahy Packing Company and incorporated in Maine in 1915.[1] The Cudahy meatpacking business was acquired by Bar-S Foods Company in 1981.[2]

History

In 1887, Michael Cudahy, with the backing of Philip Danforth Armour, started the Armour-Cudahy packing plant in Omaha, Nebraska.[3]

Cudahy Packing Company was created in 1890 when Cudahy bought Armour's interest.[3] The company added branches across the country, including a cleaning products plant at East Chicago, Indiana, built in 1909.[3] In 1911, the company's headquarters were relocated from Omaha to Chicago.[3] In 1905, Cudahy Packing Company introduced Old Dutch Cleanser.[4] In 1955, Purex acquired Old Dutch Cleanser from Cudahy.[5] The Greyhound Corporation acquired the consumer products business of Purex (which included Old Dutch Cleanser) in 1985 and was combined with Greyhound's Armour-Dial division, forming The Dial Corporation.[6] In December 2003, Dial was sold to Henkel for $2.9 billion.[7]

By 1922, Cudahy Packing Company was one of the largest packing houses in the United States with over $200 million in annual sales and 13,000 employees around the country.[3] and operations in South Omaha, Kansas City, Saint Joseph, Sioux City, Wichita, Memphis, East Chicago, Salt Lake City, and Los Angeles, as well as distribution operations in 97 cities.[1] The business was hit by the Great Depression, but the company still employed about 1,000 Chicago-area residents during the mid-1930s.

Following World War II, it moved its headquarters first to Omaha and then in 1956 to Phoenix, where it took the name Cudahy Company. In 1957, the company was one of 500 companies listed in the first S&P 500.[8]

The company was acquired by General Host in 1968.[3] [9]

The Cudahy meat packing business was sold to management in 1981 and renamed Bar-S Foods Company.[10] Bar-S Foods Company was acquired by the Mexican packer Sigma Alimentos in 2010.[11]

Further reading

Notes and References

  1. News: The Cudahy Packing Company; First Mortgage 5% Gold Bonds . https://archive.today/20130124172758/http://news.google.com/newspapers?id=0dU_AAAAIBAJ&sjid=qwoEAAAAIBAJ&pg=3914,4255857&dq=cudahy+packing+company&hl=en . dead . January 24, 2013 . March 2, 1922 . . 7.
  2. Encyclopedia: Bar-S Foods Company. Encyclopedia.com. 20 March 2018. 20 March 2018. https://web.archive.org/web/20180320171200/https://www.encyclopedia.com/books/politics-and-business-magazines/bar-s-foods-company. live.
  3. http://www.encyclopedia.chicagohistory.org/pages/2635.html Cudahy Packing Co.
  4. Web site: Old Dutch - History. 19 March 2018. 20 March 2018. https://web.archive.org/web/20180320043816/http://www.olddutch.ca/en/history.php. live.
  5. Web site: Purex buys Cudahy unit; Old Dutch Cleanser Division Is Sold for Stock and Cash. The New York Times. 25 April 1955. 19 March 2018. 19 March 2018. https://web.archive.org/web/20180319213923/https://www.nytimes.com/1955/04/25/archives/purex-buys-cudahy-unit-old-dutch-cleanser-division-is-sold-for.html. live.
  6. Web site: Greyhound to buy Purex's consumer division. Heidi. Evans. Los Angeles Times. 22 February 1985. 20 March 2018.
  7. Web site: Henkel acquires Dial Corp for $2.9 billion. Jack. Neff. AdAge. 15 December 2003. 17 March 2018. 14 March 2018. https://web.archive.org/web/20180314175951/http://adage.com/article/news/henkel-acquires-dial-corp-2-9-billion/39032/. live.
  8. Web site: The Original Stocks in the S&P 500 Index - AllFinancialMatters. allfinancialmatters.com. 2010-02-08. https://web.archive.org/web/20100102231945/http://allfinancialmatters.com/2008/11/17/the-original-stocks-in-the-sp-500-index/. 2010-01-02. dead.
  9. L. Hannah, "Marshall's 'Trees' and the Global 'Forest': Were 'Giant Redwoods' Different?" 1997.
  10. Web site: General Host to Sell Cudahy's Meat Unit. 23 March 1981. NYTimes.com.
  11. Web site: Sigma Alimentos acquires Bar-S Foods.