tAV 6la&u,ik Stor,tl ' B? lach

Siaaae '

Knute Rockne's Fqvorite

One of Knute Rockne's favorite football stories was about the wise guy at the football game who announced loudly in advance every play that was about to be made and missed every one of his predictions, to the huge joy of the surrounding fans.

Finally, the team got down to the S-yard line, having done nothing up to that time that the wise guy said they would.

Just then one of the nearby fans called to him:

"What are they going to do now, Mr. Smart Aleck?"

Unperturbed, the wise guy replied:

"Well, I've brought them down to the S-yard line. If they can't get over from there-to heck with 'em !"

-National Foresf Products Week October 16-22-

Americon Forest Products Corp. To Acquire Properties of Pine logging Co. of Colif.

The board of directors of American Forest Products Corporation have approved a plan to acquire all the outstanding capital stock of Pine Logging Company of California, with a sawmill at Shaver Lake in Fresno county and a planing mill, remanufacturing plant, dry kilns, stoiage and shipping facilities covering 29 acres in Fresno.

The $1,400,000 transaction involves all the outstanding stock of the Fresno firm at the ratio of about 15 shares oT American Forest stock for each share of Pine Logging. Escrow agent is Crocker-Anglo National Bank oI-San Francisco. It is anticipated that the exchange, which is subject to approval by the State Corporations Commissioner, will be completed by November 15.

Pine Logging Company of California will operate as a wholly owned subsidiary of American Forest Products. Veteran lumberman Robert Grimmett, founder and president of Pine Logging, will remain in the organization 1s an executive officer and consultant.

The affiliation of the two companies through this transaction culminates an association that has existed for nearlv 3p years. In the early 1930s, Robert Grimmett, a pioneer Oregon lumberman, sold his Klamath Falls sawmill and invested the proceeds in a mill near the fast-growing Fresno district. At that time, two box factories in the area closed, leaving Fresno without a major box factory. Grimmett, qeeling an outlet for his box lumber, encouraged Walter S. Johnson, now board chairman of American Forest Products Corporation, to build General Box Distributors, today one of the largest box factories in the West. This proved a mutually beneficial association, providing General Box with a continuous source of supply and Pine Logging with a reliable outlet.

A few years later, Tarter, Webster & .fohnson-American's lumber sales subsidiary, entered the picture and an agreement was established whereby TW&J handled the sales of Pine Logging's upper grades.

Pine Logging's Fresno operations, including dry kilns, planing mill, remanufacturing, storage and shipping facilities,. are adjacent to American's General Box and TW&J holdings. The Shaver Lake sawmill is just minutes away from American's sawmill operation at Dinkey Creek. Aiquisition of these properties by American Forest Products will provide enlarged and completely integrated services to lumber and container customers.