Word: schoenhofen
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Most important, perhaps, Marcor Chairman Leo Schoenhofen reacted coolly. In a terse ten-line statement, he said: "Marcor's management is not in a position to reach any judgment regarding the proposal." Marcor was formed in 1968 largely for the purpose of fending off takeover bids. The managements of Montgomery Ward and Container were both fearful of such attempts, so they agreed to merge into a company big enough to be beyond the reach of most takeover types, while keeping the managements separate. The arrangement has worked well: last year, Marcor's sales rose 21% and its profits...
Directors of Wards and Container Corp. of America, the largest U.S. producer of paperboard packages (1967 sales: $463 million) agreed to wrap their fortunes in the same carton by forming a holding company. With Brooker, 63, as chairman and chief executive, and Container Corp. President Leo H. Schoenhofen, 53, as president, the holding company would run both firms as autonomous subsidiaries retaining their own identities. Stockholders of both companies still must approve the combine, but Brooker cannily concocted a deal so sweet that Container shareholders, at least, should find it hard to spurn...
...Schoenhofen Jr., president, Container Corp. of America...
...Schoenhofen, 45, was elected president of Container Corporation of America, succeeding Wesley Dixon, 64, who will remain as board chairman and chief executive officer. Since the death of Container Corp.'s longtime President Walter Paepcke last year, Schoenhofen has been groomed for the top spot, will most likely take over as chief executive officer within the next year if Dixon follows company precedent and retires at 65. Primarily responsible for the development of the six-pack of beer, he was appointed senior vice president...
General American Tank Car Corp. last week announced contracts to furnish refrigerator cars to Schlitz, Pabst. Blatz, Miller (Milwaukee). Schoenhofen and Prima (Chicago), Goetz (St. Joseph, Mo.): had already reconditioned 500 of its 20,000 refrigerator cars for beer and expected to need 2,000 for the beer trade (in pre-Prohibition days Milwaukee shipped 43,000 carloads of beer a year). General Tank likewise laid plans for special tank cars similar to 300 once used to ship California wine...
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