Word: phenix
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...James Louis Kraft, cheese tycoon, went news both profitable and philanthropic last week. His Kraft-Phenix Cheese Corp. used to dump away yearly thousands of gallons of whey (the watery part of milk left after the curds are removed) or return it to farmers for hog wash. That whey contains most of the milk minerals. To make money from this whey Mr. Kraft some time ago gave Rutgers University funds for research. Rutgers fellows developed a powdered whey which chicken farmers use to keep parasites from their fowls. A year ago Kraft developed Velveeta, a mixture of cheese and whey...
...sacred as the relationship between iron and steel is the bond between milk and cheese. For this reason Kraft-Phenix Cheese Corp. controls large dairy interests, also sells milk. And for this reason big dairy companies also sell cheese. Yet the first of recent Kraft-Phenix merger rumors concerned not a milk company, but Standard Brands, Inc., which sells yeast, coffee, baking powder. Although this report may have been without foundation, more definite was an announcement that the Reynolds-Hanes interests, which control Kraft-Phenix, and National City Co. had reached an agreement to form a great merger between Kraft...
...National Dairy, the new acquisition is one of the most valuable it has made, although purchase of Sheffield Farms Co. of New York in 1925 was undoubtedly the most strategic. Large Kraft-Phenix dairying subsidiary is Southern Dairies, Inc., operating 48 plants between Maryland and Florida-a region not previously served by National Dairy. In addition to this, Kraft-Phenix has a world-wide distribution system which National Dairy can use for its non-fluid products, including sausages from the recently purchased Deerfoot Farms...
...Brands, which retains the identity of its units but profits through economy in distribution. Chief unit of Standard Brands was Fleish-mann Yeast Co. with a highly specialized, rapid system of distribution famed in fact and romance. Another was nationally sold Royal Baking Powder. To the new company Kraft-Phenix Cheese Corp. brings an international distribution system that embraces food stores, while the marketing systems of Hershey and Colgate include candy and drug stores. With this nucleus other companies can be added, swiftly expanded...
...Selected Industries, Inc., whose holdings include a substantial interest in Kraft-Phenix Cheese Co., last week's purchase was consistent with a policy of investment in standard commodities. The demand for orchids is constantly increasing, and the price has been stable. Only companies with large capital, long experience, and adequate plant facilities can supply the increasing demand. All these conditions are met by the Thomas Young Nurseries, largest orchid growers in the world. The 28 Young greenhouses are spread over 55 acres. Inside these greenhouses, where the native climate of each species of orchid is reproduced, are some...