generalproducts history

As early as 1908, Post had established foreign operations, including the Canadian Postum Company Ltd., in Windsor, Ontario, and the Grape-Nuts Company Ltd., in London.

The ancestor of the present company was incorporated in 1919 as Philip Morris & Company, Ltd.

The company was incorporated in 1922, having developed from the earlier Postum Cereal Co.

Their most important acquisition was Cheek-Neal in 1925.

At the exact same time in that merger-filled era – June 1929 – another “food conglomerate” was formed.

National Dairy’s 1930 purchase of the Kraft-Phenix Cheese Company made the company #1 in cheese; the company was later renamed Kraft.

Their yachts got bigger, reaching an apex in 1935 with the 316-foot long Sea Cloud, the largest private yacht in the world when built (the ship still sails today and is the world’s oldest operating ocean-going passenger ship).

In 1958, revenues reached one billion dollars for the first time.

She remained active with General Foods and died in 1973 at the age of eighty-six.

Another subsidiary, investment company Philip Morris Capital Corporation, was formed in 1982.

In 1983, the company opened a 500,000 square-foot headquarters complex, designed by top architects Roche/Dinkeloo, in Rye Brook, New York.

By 1985, the company was generating over $9 billion a year in revenue.

In 1988, Philip Morris also bought the giant Kraft company.

Since 1989, General Foods product lines have been sold by Kraft Foods Inc.

Acquired Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P. ("TEPPCO"), a master limited partnership formed in 1990, for $1.1 billion.

In 1999 it purchased all rights to the Liggett cigarette brands L&M, Chesterfield, and Lark.

Twelve years later, in 2000, Philip Morris bought Nabisco (including Standard Brands) for $18.9 billion.

In 2001, average transportation volumes were 641,000 and 241,000 barrels per day on the Mid-America and Seminole pipelines, respectively.Amended the partnership agreement to cap the general partner's incentive distribution right at 25% from 50% of total cash distributions.

Announced a two-for-one split for each class of the company's limited partner units that was completed on May 15, 2002, affecting holders of record on April 30, 2002.

In 2009 Altria purchased UST Inc., a holding company that owned the United States Smokeless Tobacco Company, maker of popular dipping tobaccos such as Skoal and Copenhagen, and Ste. Its cigarette subsidiary retained the Philip Morris name, but to this core business it added in 2007 the John Middleton Company, a maker of pipe tobacco and cigars.

The Class B units issued will automatically convert to common units of Duncan Energy on a one-to-one basis on February 1, 2009.

An additional segment to further expand the capacity of this pipeline is scheduled for completion in the second quarter of 2010, at which time the system is expected to provide in excess of 200 MMcfd of incremental natural gas pipeline capacity.

At Lyssy, the joint venture pipeline will interconnect with the Eagle Ford expansion of our South Texas Crude Oil Pipeline System, which commenced operations in June 2012 (see below). Our South Texas Crude Oil Pipeline System is not part of the new joint venture's pipeline system.

Our seventh and eighth NGL fractionators are owned by a joint venture, formed in June 2013, between us and Western Gas Partners, LP ("Western Gas"), which is an affiliate of Anadarko.

Crude oil deliveries using the new pipeline (referred to as the "Seaway Pipeline looping project") commenced in December 2014.

In July of 2015 Enterprise completed the sale of its offshore Gulf of Mexico pipelines and services business to Genesis Energy L.P. for approximately $1.5 billion in cash.

In August 2016, construction of our joint venture-owned Delaware Basin cryogenic natural gas processing plant (referred to as the “Waha” plant) was completed, and the facility was placed into service.

Develop Offshore Texas Crude Oil Export TerminalIn July 2018, Enterprise announced plans to develop an offshore crude oil export terminal off the Texas Gulf Coast.

Shin Oak NGL PipelineIn February 2019, our Shin Oak natural gas liquids (“NGL”) pipeline began service from Orla, Texas in Reeves County to its NGL fractionation and storage complex at the Mont Belvieu hub.