Santa Fe Industries
The Santa Fe Industries (SFI) was an American holding company . The most important subsidiary was the Atchison, Topeka and Santa Fe Railway .
history
Following the general trend in the rail industry, Santa Fe Industries was founded in November 1967. The company served as the holding company for the rail subsidiary Atchison, Topeka and Santa Fe Railway, as well as companies in other economic sectors. Due to antitrust regulations, it was not possible for railway companies to invest in other areas of the economy. The way out was to found a superordinate, unregulated holding company to which the individual companies were then subordinate. In addition, this group structure made it possible to move liquid funds from one group area to another. In contrast to other similar holding companies, the Santa Fe Industries acted rather cautiously.
The first major acquisitions were made in 1973 with the general construction company Robert E. McKee Inc., the service company The Zia Company , the Walker-Kurth Lumber Corporation and the Security Guard Service. In 1974, 75.6% of sales were made by the railway company, 2.8% by truck transport, 1.2% by pipelines, 7.9% by oil production, 2.4% by the timber industry and 9.8% by Real estate and construction business.
Global Security was bought in 1976 and Westates Petroleum in 1977. In the same year the coal companies Gallow Wash Coal, Hospah Coal and Pintada Coal were founded and Gross-Yowell was acquired. In 1979 the company bought 8,900 acres of forest land from the International Paper Company.
From the beginning of the 1980s, a merger of the company with another mainly railway company was considered. The talks that began in 1980 with the Southern Pacific Company ended with no results for the time being. Under the new chairman John J. Schmidt, the merger intentions were renewed. At the beginning of 1983, a merger with Conrail or the Norfolk Southern Corporation was also under discussion. Finally, John J. Schmidt managed to merge the Santa Fe with the Southern Pacific. The new joint venture established on December 23, 1983 was called Santa Fe Southern Pacific Corporation .
Corporate structure
The company was divided as follows around 1974:
- Santa Fe Industries
- Santa Fe Pacific Railroad
- Robert E. McKee Inc
- Santa Fe Terminal Services
- Santa Fe Natural Resources
- Chanslor-Western Oil & Development Co,
- Coline Gasoline Corporation
- Oil Development Co. of Texas
- Kirby Lumber Corporation
- Walker-Kurth Lumber Corporation
- Cherokee & Pittsburg Coal & Mining Co.
- Coline Oil Corporation
- Oil Development Co. of Utah
- Southwestern Improvement Co.
- Atchison, Topeka and Santa Fe Railway (with several railway companies as subsidiaries)
- Santa Fe Trail Transportation
- Standard Office Building Corporation (owner of the Railway Exchange Building in Chicago [corporate headquarters])
- Santa Fe Pipelines Inc.
- Santa Fe Pipeline Company
- Gulf Central Storage & Terminal Company
- San Diego Pipeline Company (50%)
- Gulf Central Pipeline Company
- Gulf Central Storage & Terminal Company of Nebraska
- Southwest Pipe Line Co.
- Santa Fe Land Improvement Company
- Santa Fe Plaza Corporation
- The Zia Company
- Los Alamos Constructors
- Security Guard Service Inc.
Corporate management
Chairman
- 1967–1973: Ernest S. Marsh (and Chief Executive Officer)
- 1973-1983: John S. Reed
- 1983: John J. Schmidt
president
- 1978-1983: John J. Schmidt
- 1983: W. John Swartz
Company headquarters
The company was based in Chicago in the Railway Exchange Building .
Web links
- Special To the New York Times: Santa Fe Industries . In: The New York Times . May 24, 1972, ISSN 0362-4331 ( nytimes.com [accessed June 8, 2018]).
- James B. Burns: Railroad Mergers and the Language of Unification . Greenwood Publishing Group, 1998, ISBN 978-1-56720-166-6 , pp. 126 f . ( google.de [accessed June 12, 2018]).
Individual evidence
- ^ Railroad conglomerates & other corporate structures: a report to Congress as directed by section 903 of the Railroad revitalization and regulatory reform ... p. D-2 , accessed on June 8, 2018 (English).
- ^ Douglas B. Feaver: Santa Fe May Make Bid for Conrail . In: Washington Post . July 28, 1983, ISSN 0190-8286 ( washingtonpost.com [accessed June 8, 2018]).
- ^ Railroad conglomerates & other corporate structures: a report to Congress as directed by section 903 of the Railroad revitalization and regulatory reform ... Accessed June 8, 2018 .
- ↑ Ernest S. Marsh, Rail Chief, Dead . In: The New York Times . October 10, 1975, ISSN 0362-4331 ( nytimes.com [accessed June 8, 2018]).