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词条 Amfac
释义

  1. History

  2. See also

  3. References

  4. Further reading

  5. External links

{{short description|Land development company}}{{Use mdy dates|date=May 2011}}{{Infobox company
| name = Amfac, Inc.
| logo =
| type = Public company
|trading_name=Kaanapali Land, LLC
|traded_as=({{OTC Pink|KANP}})
| industry = Land development
| fate =
| predecessor =
| successor =
| founded = 1849 as H. Hackfeld and Company
| founder =
| defunct =
| hq_location_city = Hawaii
| hq_location_country =
| area_served =
| key_people =
| products =
| owner =
| num_employees =
| num_employees_year =
| parent =
| website = {{URL|http://kaanapaliland.com}}
}}{{Big Five Hawaii}}

Amfac, Inc., formerly known as American Factors and originally H. Hackfeld and Company, was a land development company in Hawaii. Founded in 1849 as a retail and sugar business, it was considered one of the so-called Big Five companies in the Territory of Hawaii. At its peak it owned {{convert|60000|acre}} of land, and was a dominant sugar company in Hawaii as well the founder of one of its best known department stores, Liberty House.

It now owns {{convert|5000|acre}} of land in Kaanapali on the island of Maui. Since 2005 it is known as Kaanapali Land, LLC ({{OTC Pink|KANP}}).

History

German immigrant Heinrich Hackfeld and his brother-in-law J. C. Pflueger founded a dry goods store called H. Hackfeld and Company in 1849 in Honolulu. Hackfeld later became the business agent for Kōloa Plantation on the island of Kaua{{okina}}i. Paul Isenberg (1837–1903) became a partner in 1881.[1]

During World War I, Pioneer Mill, DCCA #207, was seized by the U.S. government Alien Property Custodian. It was later sold to a consortium of Hawaii businessmen in 1918, who changed the name to "American Factors". In 1966, the name was further shortened to "Amfac".

Henry Alexander Walker became president in the 1930s. The family estate known as the H. Alexander Walker Residence, was developed into a showcase garden.[2]

From 1968 to 1972 under president Henry Alexander Walker Jr. Amfac acquired 42 different companies.[3]

Ronald L. Sloan was removed as president November 20, 1987 and replaced by Richard L. Griffith (Walker was still chairman of the board). The company announced it was selling its non-Hawaii business units.[4]

Amfac was bought by Chicago-based JMB Realty in 1988 for US$920 million.[5] As the sugar industry in Hawaii declined after statehood, so did the fortunes of Amfac. Amfac's assets were gradually sold off or closed. Oahu Sugar in Waipahu was closed in 1994.[6] Liberty House went into bankruptcy in 1998 (it was later acquired by Federated Department Stores and now carries the Macy's brand name). The Pioneer Mill in Lahaina closed in 1999, and the Kekaha Sugar Mill and Lihue Plantation closed in 2000.[7][6] Amfac Hawaii went into Chapter 11 bankruptcy in 2002.[8] Amfac Hotels & Resorts was retained by JMB and was renamed Xanterra Parks and Resorts. Amfac Hawaii was reorganized as Kaanapali Land, LLC and the bankruptcy closed in 2005.[9]

Some of the former plantation land uphill from the resort has been subdivided into a development called Kāʻanapali Coffee Farms.[10]

See also

  • History of sugar

References

1. ^{{cite book |title= The Story of Hawaii and Its Builders |year=1925 |publisher=Honolulu Star Bulletin |editor= George F. Nellist |url= http://files.usgwarchives.net/hi/statewide/bios/isenberg34bs.txt |chapter= Isenberg, Paul |accessdate=August 5, 2010 }}
2. ^{{cite web |title= H. Alexander Walker Residence nomination form |author=Dorothy Riconda |author2= Robert M. Fox |work=National Register of Historic Places |date= September 18, 1972 |publisher=U.S. National Park Service |url= {{NRHP url|id=73000665}} |accessdate=June 27, 2010 }}
3. ^{{cite news |date= July 31, 1972 |title= Corporations:Amfac's Wide Swing |url= http://www.time.com/time/magazine/article/0,9171,877962,00.html |work=TIME |accessdate=June 27, 2010 }}
4. ^{{cite news |url= https://www.nytimes.com/1987/12/14/business/amfac-is-planning-to-sell-its-non-hawaii-businesses.html |date= December 14, 1987 |title= Amfac Is Planning to Sell Its Non-Hawaii Businesses |newspaper=The New York Times |accessdate=June 27, 2010 | first=Calvin | last=Sims}}
5. ^{{cite news |url= https://www.nytimes.com/1988/11/19/business/company-news-amfac-holders-back-bid-by-jmb.html |date= November 11, 1988 |title= Company News: Amfac Holders Back Bid by JMB |newspaper=The New York Times |accessdate=June 27, 2010 }}
6. ^{{Cite web| title = Dynasty in decline: Amfac, the first Hawaii company to earn $1 billion in revenue, is a shadow of its former self| work = Honolulu Star-Bulletin| accessdate = 2018-04-22| date = 2001-09-02| url = http://archives.starbulletin.com/2001/09/02/business/index.html}}
7. ^{{Cite web| last = Young| first = Peter T.| title = Ho‘okuleana: Pioneer Mill| work = Ho‘okuleana| accessdate = 2018-04-22| date = 2013-08-02| url = http://totakeresponsibility.blogspot.com/2013/08/pioneer-mill.html}}
8. ^Amfac mired in debt. Honolulu Star-Bulletin.
9. ^{{cite web |title= Annual Report (form 10K) of Kaanapali Land, LLC |date= March 29, 2010 |work=US Securities and Exchange Commission EDGAR |url= https://www.sec.gov/Archives/edgar/data/1230058/000089262610000036/kaa_k09.txt |accessdate=June 27, 2010 }}
10. ^{{cite web|title=Welcome to the New Family Farm |work=Kāʻanapali Coffee Farms web site |url=http://www.kaanapalicoffeefarms.com/farms/farms.html |accessdate=June 27, 2010 |deadurl=yes |archiveurl=https://web.archive.org/web/20100909062834/http://www.kaanapalicoffeefarms.com/farms/farms.html |archivedate=September 9, 2010 |df=mdy }}

Further reading

  • {{cite book |title= Kamaaina – A century in Hawaii |author=William A. Simonds |others= Keichi Kimura, illustrator |date= October 1, 1949 |publisher=American Factors, Limited |url= https://www.questia.com/PM.qst?a=o&docId=920122 }}

External links

  • Kaanapali Land Management Corp., principal subsidiary of Kaanapali Land
{{Hawaii}}{{authority control}}

11 : Business in Hawaii|Real estate companies of the United States|Companies based in Hawaii|Defunct companies based in Hawaii|History of sugar|1849 establishments in Hawaii|Companies established in 1849|1988 mergers and acquisitions|Companies that filed for Chapter 11 bankruptcy in 2002|Companies disestablished in 2005|2005 disestablishments in Hawaii

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