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Shortess's first mill, which he called Federal Paper Board Company, was just across the tracks from his former employer's Bogota, New Jersey, mill, which Shortess had quit in 1916 over a dispute with the owner.
His decade of purchases left the company in trouble in 1929, as Shortess and Federal fell behind on loan payments.
In 1935, Shortess acquired an 80 percent interest in S-C-S Box Company in Palmer, Massachusetts, when that company was unable to pay $100,000 that it owed for paperboard purchases.
Demand for paperboard soared--only to drop off again from its record high sales in 1947 when the economy settled down again.
In 1953, it bought National Folding Box Company, surprising other members of the industry who knew National to be a top company while Federal was new to the business.
One of the ventures that had given Kennedy the time and money to survive Sprague's early years, even when it was losing money because of early production problems, was the acquisition of Federal Glass Company in Columbus, Ohio, in 1958.
When the company became profitable again in 1976, Kennedy tried to sell it to another glassmaking company.
In 1989, Federal purchased Thomas Tait & Sons Ltd., a mill in Scotland that produced uncoated freesheet, the white paper for copiers and printers.
In fact, in 1991, the Sprague mill was still the "newest" paperboard mill in the country, and as such, was at the center of the recycling business and the only mill in the United States to use a recycled paperboard making method called the Inverform process.
Although decades earlier, the core of Federal's business had been the folding carton business, in 1991, the company made the decision to pull back from that market because it was no longer a growth industry.
Within a few years, Federal launched a five-year expansion and modernization project which was completed in 1992.
Although decades earlier, the core of Federal's business had been the folding carton business, in 1991, the company made the decision to pull back from that market because it was no longer a growth industry. It sold four of its carton plants in 1992, retaining four carton plants that provided packaging for specific products, including cigarettes.
Colt Brennan, the former Hawaii star quarterback, dies at 37 after struggles with alcohol addictionColt Brennan, a star quarterback at the University of Hawaii who finished third in the 2007 Heisman Trophy balloting, died early Tuesday, his father said.
After a public hearing in September, Simkins Industries will begin cleaning the site, a process expected to begin no later than the beginning of 2013, the letter stated.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Gardner Asphalt Supply | 2011 | $47.0M | 64 | - |
| Huntco Inc. | 1993 | $130.0M | 553 | - |
| Precisionaire Inc | 1950 | $8.1M | 25 | - |
| Advanced Coating | 1987 | $1.6M | 30 | - |
| Carlisle FoodService Products | 1955 | $230.0M | 800 | - |
| Cumberland Packing | 1945 | $150.0M | 200 | - |
| US FOUNDRY | 1916 | $45.0M | 200 | - |
| Paris Art Label | 1925 | $21.2M | 553 | - |
| Five Star Gourmet Foods | 1995 | $84.8M | 200 | 10 |
| Precision Coatings | 1969 | $4.5M | 50 | - |
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Simkins Industries may also be known as or be related to Simkins Industries, Simkins Industries Inc, Simkins Industries Inc. and Simkins Industries, Inc.