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landholdings, the carrying value of its vast timberland on its balance sheet was significantly lower than the timberland's market value. Moreover, new environmental and other land use restrictions made it difficult for other companies to assemble such a portfolio of land, but the market was not fully aware of the new litigation environment. This led to a significantly undervalued stock price.
198:, in 1856. With his son Jacob, he founded the Zellerbach Paper Company in San Francisco in 1882. Another son, Isador, later joined the company, and it changed its name to A. Zellerbach and Sons, and another son Henry joined in 1896, but the firm changed its name back to the Zellerbach Paper company in 1907.
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In 1928, the
Zellerbach Paper Company merged with the Crown Willamette Paper Company to form publicly-traded Crown Zellerbach Corp. The company had assets of nearly $ 100 million, over 350,000 acres of timberland, and paper mills throughout the Pacific Coast capable of producing 1450 tons of finished
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In the 1960s and 1970s, the corporation diversified and expanded its reach internationally - a common tactic at the time. This exposed the company to markets experiencing significant competition, but also diversified its products to include timber and plastics. Because of the years it acquired its
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The company invented folded paper towels commonly found in public washrooms whereby pulling one paper towel out from the bottom of a stack leaves the whole stack intact. The company also invented molded pulp egg cartons and the window envelope, which was first used by the billing unit of San
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It eventually started expanding through acquisitions of the
Canadian Western Lumber Company and St. Helens Pulp and Paper. In 1952, it was the second largest landholder in the American West after Weyerhaeuser. In 1958, it became the subject of a
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paper daily. It expanded steadily throughout the 1930s and substantially during the second world war when
European paper manufacturers no longer exported to the United States. In 1947 it started producing coated paper for
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It was widely speculated that
Goldsmith wanted to buy the company for its undervalued land holdings. Goldsmith spun off three business areas into companies that he would control: the timberlands and wood products
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233:, who gained control of the company in July 1985 and became its chairman. The last chief executive of the company was William T. Creson
264:. In December 1985, Goldsmith agreed to sell the remainder of Crown Zellerbach with majority of the pulp and paper business to the
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171:) and various philanthropic projects of the Zellerbach family. The company invented folded paper towels,
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In late 1984, Crown
Zellerbach became the focus of a hostile takeover by British financier Sir
194:, Germany. He emigrated to America in 1846, first to Philadelphia, then San Francisco, and to
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https://www.upi.com/Archives/1996/03/12/Willamette-to-buy-Cavenham-properties/5137826606800/
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antitrust suit due to its market position and was forced to undo some of its acquisitions.
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Its name lives on through the Crown
Zellerbach Building in San Francisco (
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For the leading
Supreme Court of Canada case on ocean pollution, see
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The Port
Angeles Paper Mill (owned and operated by Crown Zellerbach
21:
472:
HICKS, JONATHAN P. (1990-10-17). "Goldsmith And Hanson Plan Swap".
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392:"Crown Zellerbach ends fight with Goldsmith, names him chairman"
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Gaylord
Container Limited was sold in October 1986 and became
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in 1985. Most of its pulp and paper assets were sold to
461:. (Oregon). Associated Press. December 17, 1985. p. 6B.
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Anthony
Zellerbach was born to a Jewish family in 1832 in
418:"Business people: Change of command at Crown Zellerbach"
324:. (Oregon). Associated Press. July 26, 1985. p. 1B.
361:, Lehman Brothers Collection, Harvard Business School
144:
was an American pulp and paper conglomerate based in
46:. Unsourced material may be challenged and removed.
345:. (Bend Oregon). UPI. July 26, 1985. p. A13.
523:
318:"Financier obtains control of Crown Zellerbach"
532:Forest products companies of the United States
501:Northwest Historical Annual Reports Collection
271:Goldsmith sold Cavenham Forest Industries to
373:"Goldsmith wins control of Crown Zellerbach"
118:Defunct American pulp and paper conglomerate
437:"James River will buy a smaller Zellerbach"
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106:Learn how and when to remove this message
435:Hicks, Jonathan P. (December 17, 1985).
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283:acquired Cavenham from Hanson in 1996.
256:), the brown paper container business (
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455:"James River plans to take over mill"
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371:Hicks, Jonathan P. (July 26, 1985).
44:adding citations to reliable sources
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416:Sloane, Leonard (October 9, 1981).
390:Zonana, Victor F. (July 29, 1985).
275:in 1990 in exchange for a stake in
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516:Jewish Museum of the American West
505:University of Washington Libraries
237:who relinquished the chairmanship
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339:"Goldsmith wins in C-Z takeover"
204:Pacific Gas and Electric Company
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124:R v Crown Zellerbach Canada Ltd
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260:) and computer supply company
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288:Gaylord Container Corporation
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266:James River Corporation
245:as CEO and chairman in
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196:Moores Flat, California
158:James River Corporation
359:Crown Zellerbach Corp.
258:Gaylord Container Ltd.
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459:Eugene Register-Guard
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281:Willamette Industries
241:Creson had succeeded
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518:– Anthony Zellerbach
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510:Sir James Goldsmith
296:International Paper
512:– Crown Zellerbach
474:The New York Times
212:Time Life Magazine
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55:"Crown Zellerbach"
396:Los Angeles Times
262:Eczel Corporation
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176:egg cartons
173:molded pulp
401:August 18,
302:References
178:, and the
150:California
96:April 2024
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526:Category
136:in 1973)
192:Bavaria
186:History
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