PTThe Paper Trail Project

Corporate

Merger

Corporate merger.

March 15, 1995

Lockheed Martin

Lockheed and Martin Marietta complete their “merger of equals”

Lockheed Martin Corporation was created to combine the businesses of Lockheed Corporation and Martin Marietta Corporation. The stockholder-approved combination closed on March 15, 1995, uniting two of the largest U.S. defense contractors; Daniel M. Tellep and Norman R. Augustine led the predecessor companies through the transaction.

1980

JBS USA Holdings, Inc.

Esmark left the petroleum business

Esmark left the petroleum business in 1980, selling Vickers Petroleum to Mobil, while Swift's fresh-meat business was spun off as a separate company, Swift Independent Packing Company (SIPCO), the same year. [ 5 ] Esmark went on to purchase Norton Simon Inc. in 1983 before being purchased by Beatrice Foods the next year. ConAgra purchased 50% of SIPCO in 1987 and the remaining portion in 1989, the same year ConAgra bought Beatrice Foods. [ 6 ] ConAgra merged SIPCO's operations with that of Monfort, the meatpacker it had purchased in 1987, and the division was renamed Swift & Company in 1995. [ 6 ]