Jump to content

Agway: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
Bender the Bot (talk | contribs)
Bots
1,008,858 edits
m http→https for Google Books and Google News using AWB
 
(37 intermediate revisions by 25 users not shown)
Line 1: Line 1:
{{short description|U.S. agriculture company}}
'''Agway''' of [[DeWitt, New York]], is an American [[agricultural business]] that offers feed for livestock and poultry, as well as seed, fertilizers, and herbicides.<ref>{{cite book |url=https://books.google.com/books?id=XpsYAAAAIAAJ&q |title=Agway |accessdate=2011-05-13 |quote= |publisher=[[Hoovers]] }}</ref><ref name=tenth/><ref name=wrong/>
'''Agway''' of [[DeWitt, New York]], was an American [[agricultural business]] that offered feed for livestock and poultry, as well as seed, fertilizers, and herbicides.<ref>{{cite book |url=https://books.google.com/books?id=XpsYAAAAIAAJ |title=Agway |date=March 1999 |access-date=2011-05-13 |publisher=[[D&B Hoovers|Hoovers]]|isbn=9781573110488 }}</ref><ref name=tenth/><ref name=wrong/>
[[File:WBRUZEK-1729.jpg|thumb|Agway Grain Silos on Route 130 in Bordentown, New Jersey.]]
[[File:WBRUZEK-1729.jpg|thumb|Agway Grain Silos on Route 130 in Bordentown, New Jersey.]]

==History==
==History==
Agway was formed on July 25, 1964, from a merger between the [[Grange League Federation]] and [[Eastern States Farmers' Exchange]].<ref name=tenth/><ref name=wrong/><ref>{{cite news |author= |coauthors= |title=Eastern States, Grange Merger |url=http://pqasb.pqarchiver.com/courant/access/920127872.html?dids=920127872:920127872&FMT=CITE&FMTS=CITE:AI&type=historic&date=Feb+20%2C+1964&author=&pub=Hartford+Courant&desc=Eastern+States%2C+Grange+Merger&pqatl=google |quote=The Eastern States Farmer's Exchange voted 471-17 Wednesday to consolidate with the cooperative Grange League Federation ... |newspaper=[[Associated Press]] |date=February 20, 1964 |accessdate=2011-05-20 }}</ref> In 1965 the [[Pennsylvania Farm Bureau Cooperative]] merged into Agway.<ref name=tenth>{{cite news |author= |coauthors= |title=The 10th Anniversary |url=https://news.google.com/newspapers?id=S4NiAAAAIBAJ&sjid=P3cNAAAAIBAJ&pg=1089,3590880&dq=pennsylvania+farm+bureau+cooperative+agway&hl=en |quote=Agway was joined a year later by Pennsylvania Farm Bureau Cooperative Association. While Agway is marking the beginning of its second decade of service ... |newspaper=[[Observer-Reporter]] |date=July 22, 1974 |accessdate=2011-05-20 }}</ref>
Agway was formed on July 25, 1964, from a merger between the [[Grange League Federation]] of [[Ithaca, New York]] and the Eastern States Farmers' Exchange.<ref name=tenth/><ref name=wrong/><ref>{{cite news |title=Eastern States, Grange Merger |url=https://pqasb.pqarchiver.com/courant/access/920127872.html?dids=920127872:920127872&FMT=CITE&FMTS=CITE:AI&type=historic&date=Feb+20%2C+1964&author=&pub=Hartford+Courant&desc=Eastern+States%2C+Grange+Merger&pqatl=google |newspaper=[[Associated Press]] |date=February 20, 1964 |access-date=2011-05-20 |archive-date=2012-11-06 |archive-url=https://web.archive.org/web/20121106181150/http://pqasb.pqarchiver.com/courant/access/920127872.html?dids=920127872:920127872&FMT=CITE&FMTS=CITE:AI&type=historic&date=Feb+20,+1964&author=&pub=Hartford+Courant&desc=Eastern+States,+Grange+Merger&pqatl=google |url-status=dead }}</ref> In 1965, the Pennsylvania Farm Bureau Cooperative merged into Agway.<ref name=tenth>{{cite news |title=The 10th Anniversary |url=https://news.google.com/newspapers?id=S4NiAAAAIBAJ&sjid=P3cNAAAAIBAJ&pg=1089,3590880&dq=pennsylvania+farm+bureau+cooperative+agway&hl=en |newspaper=[[Observer-Reporter]] |date=July 22, 1974 |access-date=2011-05-20 }}</ref>

⚫
In 1980, Agway purchased dairy company [[HP Hood]] of [[Lynnfield, Massachusetts]]. It was sold to Catamount Dairy Holdings of [[Boston, Massachusetts|Boston]] in 1996 as part of downsizing due to overall financial losses since 1990. Agway also owned a significant share of [[Curtice-Burns|Curtice-Burns Foods]] of [[Rochester, New York]], from 1966 to 1994, part of the holding company Pro-Fac Cooperative from nearby [[Pittsford, New York]], which included the [[Birds Eye]] frozen foods brand.<ref name="AGWAY">[http://www.referenceforbusiness.com/history2/17/Agway-Inc.html Reference for Business (Agway, Inc. Company Profile)], Retrieved Apr. 23, 2015.</ref>

In 1999, Agway sold or closed all its [[retail outlets]] and sold its warehouse system to [[Southern States Cooperative]].

On October 1, 2002, Agway filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]].<ref name=wrong>{{cite news|author=Bruce L. Anderson and Brian M. Henehan |url=http://cooperatives.dyson.cornell.edu/pdf/resources/agway.pdf |title=What Went Wrong at Agway |access-date=2011-05-13 |url-status=dead |archive-url=https://web.archive.org/web/20110813235045/http://cooperatives.dyson.cornell.edu/pdf/resources/agway.pdf |archive-date=2011-08-13 }}</ref><ref>{{cite news |title=Agway Reveals Chapter 11 Plans |url=https://news.google.com/newspapers?id=4gtbAAAAIBAJ&sjid=JE4NAAAAIBAJ&pg=6418,277879&dq=agway&hl=en |newspaper=[[Associated Press]] |date=October 2, 2002 |access-date=2011-05-14 }}</ref> After the bankruptcy, the Agway [[brand name]] was owned by Southern States Cooperative.

On July 5, 2022, Agway Farm & Home Supply also filed for [[Chapter 11 bankruptcy]], and announced that it would begin winding down all remaining assets and would be shutting down.<ref>{{Cite web|url=https://reorg.com/agway-farm-home-supply-chapter-11/|title=Agway Farm & Home Supply files for Chapter 11|date=July 6, 2022|access-date=November 5, 2023|website=Reorg|language=en}}</ref>


On November 1, 2022, [[True Value]] acquired the Agway trademark from Agway Farm & Home Supply.<ref>{{Cite news|url=https://www.prnewswire.com/news-releases/true-value-company-acquires-the-agway-brand-301663967.html |title=True Value Company acquires the Agway brand|work=Wall Street Journal|date=2022-11-01|access-date=2022-11-01}}</ref>
⚫
In 1980, Agway purchased dairy company [[HP Hood]] of [[Lynnfield, Massachusetts]]. It was sold to [[Catamount Dairy Holdings, LP]] of [[Boston, Massachusetts|Boston]] in 1996 as part of downsizing due to overall financial losses since 1990. Agway also owned a significant share of [[Curtice-Burns|Curtice-Burns Foods, Inc.]] of [[Rochester, New York]] from 1966 to 1994, part of holding company [[Pro-Fac Cooperative|Pro-Fac Cooperative, Inc.]] from nearby [[Pittsford, New York]] which included the [[Birds Eye]] frozen foods brand.<ref name="AGWAY">[http://www.referenceforbusiness.com/history2/17/Agway-Inc.html Reference for Business (Agway, Inc. Company Profile)], Retrieved Apr. 23, 2015.</ref>


On October 14, 2024, True Value filed for [[Chapter 11 bankruptcy]] protection as it continued to face significant liquidity challenges caused by inflation and rising interest rates. The company plans to sell itself to competitor [[Do It Best]] for $153 million.<ref>{{Cite web|url=https://www.bloomberg.com/news/articles/2024-10-14/wholesaler-true-value-files-bankruptcy-to-sell-itself-to-rival|title=Wholesaler True Value in Bankruptcy to Sell Itself to Rival|last=Casiraghi|first=Luca|date=October 14, 2024|access-date=October 14, 2024|website=Bloomberg|language=en}}</ref>
In 1999, Agway sold or closed all its [[retail outlets]] and sold their warehouse system to [[Southern States Cooperative]]. On October 1, 2002 the company filed for [[Chapter 11 bankruptcy]].<ref name=wrong>{{cite news |author=Bruce L. Anderson and Brian M. Henehan |url=http://cooperatives.dyson.cornell.edu/pdf/resources/agway.pdf |title=What Went Wrong at Agway |accessdate=2011-05-13 |quote=First, a little history. Agway was formed in 1964, the result of a merger between GLF (Grange League Federation) and Eastern States Farmers’ Exchange. A year later the Pennsylvania Farm Bureau Cooperative merged into Agway. The result was a very large agricultural supply and marketing cooperative that covered 13 states, spanning from Maryland to Maine to Eastern Ohio. ...|publisher= }}</ref><ref>{{cite news |author= |coauthors= |title=Agway Reveals Chapter 11 Plans |url=https://news.google.com/newspapers?id=4gtbAAAAIBAJ&sjid=JE4NAAAAIBAJ&pg=6418,277879&dq=agway&hl=en |quote=Agway Inc, announced plans Monday to file for Chapter 11 bankruptcy reorganization in an effort to keep its businesses operating while it tries ... |newspaper=[[Associated Press]] |date=October 2, 2002 |accessdate=2011-05-14 }}</ref> The [[brand name]] is currently owned by Southern States Cooperative.


==References==
==References==
Line 13: Line 23:
==External links==
==External links==
*{{Official website|http://www.agway.com/}}
*{{Official website|http://www.agway.com/}}
*[https://web.archive.org/web/20160831054649/http://montana20021.tripod.com/murraytractors/id39.html Agway Lawn & Garden Tractors by Murray]


[[Category:Industrial agriculture]]
[[Category:Intensive farming]]
[[Category:Companies established in 1964]]
[[Category:Agriculture companies established in 1964]]
[[Category:DeWitt, New York]]
[[Category:DeWitt, New York]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2002]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2022]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2024]]
[[Category:Farm and ranch supply stores of the United States]]
[[Category:1964 establishments in New York (state)]]
[[Category:Companies based in Onondaga County, New York]]

Latest revision as of 17:51, 24 October 2024

Agway of DeWitt, New York, was an American agricultural business that offered feed for livestock and poultry, as well as seed, fertilizers, and herbicides.[1][2][3]

Agway Grain Silos on Route 130 in Bordentown, New Jersey.

History

[edit]

Agway was formed on July 25, 1964, from a merger between the Grange League Federation of Ithaca, New York and the Eastern States Farmers' Exchange.[2][3][4] In 1965, the Pennsylvania Farm Bureau Cooperative merged into Agway.[2]

In 1980, Agway purchased dairy company HP Hood of Lynnfield, Massachusetts. It was sold to Catamount Dairy Holdings of Boston in 1996 as part of downsizing due to overall financial losses since 1990. Agway also owned a significant share of Curtice-Burns Foods of Rochester, New York, from 1966 to 1994, part of the holding company Pro-Fac Cooperative from nearby Pittsford, New York, which included the Birds Eye frozen foods brand.[5]

In 1999, Agway sold or closed all its retail outlets and sold its warehouse system to Southern States Cooperative.

On October 1, 2002, Agway filed for Chapter 11 bankruptcy.[3][6] After the bankruptcy, the Agway brand name was owned by Southern States Cooperative.

On July 5, 2022, Agway Farm & Home Supply also filed for Chapter 11 bankruptcy, and announced that it would begin winding down all remaining assets and would be shutting down.[7]

On November 1, 2022, True Value acquired the Agway trademark from Agway Farm & Home Supply.[8]

On October 14, 2024, True Value filed for Chapter 11 bankruptcy protection as it continued to face significant liquidity challenges caused by inflation and rising interest rates. The company plans to sell itself to competitor Do It Best for $153 million.[9]

References

[edit]
  1. ^ Agway. Hoovers. March 1999. ISBN 9781573110488. Retrieved 2011-05-13.
  2. ^ a b c "The 10th Anniversary". Observer-Reporter. July 22, 1974. Retrieved 2011-05-20.
  3. ^ a b c Bruce L. Anderson and Brian M. Henehan. "What Went Wrong at Agway" (PDF). Archived from the original (PDF) on 2011-08-13. Retrieved 2011-05-13.
  4. ^ "Eastern States, Grange Merger". Associated Press. February 20, 1964. Archived from the original on 2012-11-06. Retrieved 2011-05-20.
  5. ^ Reference for Business (Agway, Inc. Company Profile), Retrieved Apr. 23, 2015.
  6. ^ "Agway Reveals Chapter 11 Plans". Associated Press. October 2, 2002. Retrieved 2011-05-14.
  7. ^ "Agway Farm & Home Supply files for Chapter 11". Reorg. July 6, 2022. Retrieved November 5, 2023.
  8. ^ "True Value Company acquires the Agway brand". Wall Street Journal. 2022-11-01. Retrieved 2022-11-01.
  9. ^ Casiraghi, Luca (October 14, 2024). "Wholesaler True Value in Bankruptcy to Sell Itself to Rival". Bloomberg. Retrieved October 14, 2024.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Agway&oldid=1253171593"