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Mauna Loa Macadamia Partners, L.P.

$45.00

SKU: 7905

This product is sold out

Product Details

Beautifully engraved antique stock certificate from the Mauna Loa Macadamia Partners, L.P. dating back to the 1990's. This document, which carries printed signature of the company Chairman of the Board, was printed by the American Bank Note Company and measures approximately 12" (w) by 8" (h).

 

This certificate features a great vignette of a Hawaiian oceanfront wharf, with mountains in the background and a goddess hovering above.

You will receive the exact certificate pictured.

    Historical Context

    Long involved in running sugar plantations, C. Brewer began divesting its sugar operations in the early 1970s, when sugar became an unprofitable commodity, and looked elsewhere for opportunities. In 1973, it bought Castle & Cooke's macadamia nut orchard and processing plant, which was doing about $4 million in annual business.

    C. Brewer formed a subsidiary - Royal Iolani - to run the macadamia business. the company's name was changed to the Mauna Loa Macadamia Nut Corp in 1976 and began marketing its nuts under the Mauna Loa label.

    It was also in 1976 that C. Brewer began to convert five sugar plantations to macadamia cultivation, turning over 1,000 acres each year. In the late 1970s, Mauna Loa found a way to fund its expansion by selling off its nut orchards to private investors in small parcels. As part of the deal, Mauna Loa would buy the nuts produced under a long-term contract.

    In September 2000, Mauna Loa changed ownership as part of a restructuring of C. Brewer. C. Brewer CEO John "Doc" Buyers wanted to reposition as an agricultural services company in alliance with the local biotechnology industry. Mauna Loa was sold to the Shansby Group, a San Francisco private equity group founded in 1987 by J. Gary Shansby, a former CEO who was responsible for growing Shaklee Corporation from a small family business to a Fortune 500 company. Along with partner Charles H. Esserman, Shansby invested in a number of brand consumer products, including The Famous Amos Chocolate Chip Cookie Co., Terra Chips, and La Victoria Foods.

    At one time, the company was largest producer of macadamia nuts in the world.