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Norton Simon Inc. CLIENT PROFILE Norton Simon Inc. is an international marketing company with major positions in the food and food services, soft drink, cosmetics, distilled spirits, packaging and communications industries. Such popular brand names as Hunt's, Wesson, Canada Dry, Johnnie Walker, Tanqueray, McCall Pattern, Redbook and Max Factor represent some of the many facets of "NSI," an engagement which originates in the New York office, with substantial participating work by the Los Angeles office plus 27 other H&S practice offices and 17 DH&S offices around the world. For the H&S partners, managers and staff accountants who provide general audit, tax and consultation services, Norton Simon Inc. is much more than a group of trade names. Formed in 1968 with the consolidation of Hunt Foods and Industries, Inc., Canada Dry Corporation and McCall Corporation, the company bears the name of its founder, Norton Simon, the well-known California entrepreneur, investor and art collector. Even as a young man, Norton Simon displayed considerable talent as a businessman. By his late teens he was investing in the stock market and did well enough that he emerged from the 1929 crash with $35,000. Part of this went into the purchase of a bankrupt orange juice plant, which he renamed and reorganized as Val Vita Food Products, Inc. In 1943, the Hunt Brothers Packing Company, a small northern California firm, merged with Val Vita Food Products, Inc. Mr. Simon and some of his associates converted their ownership of Hunt stock into control of the company. With Norton Simon at the helm, our Has kins & Sells office in San Francisco was chosen to handle the general audit. In 1945, the company's name was changed to Hunt Foods, Inc., with our Los Angeles office taking over the engagement. In 1956, the Ohio Match Company and Hunt Foods, Inc. were combined through an exchange of stock under the Ohio Match Company name, and the following year the company was renamed Hunt Foods and Industries, Inc. Canada Dry traces its origin to a small plant in Toronto in 1890. A pharmacist and chemist, John J. McLaughlin, began bottling his soda water products for distribution to stores, beach resorts, sports arenas and restaurants, a move that gave birth to the modern soft drink industry. In 1904, Mr. McLaughlin formulated what he was later to call Canada Dry Pale Dry Ginger Ale. Encouraged by rising demand in Canada, the company expanded its operations. In 1919, the first shipments of Canada Dry Ginger Ale were made to the United States, and in 1922 the first Canada Dry plant opened in New York. Following the repeal of the U.S. Prohibition Amendment in 1933, Canada Dry set up its own Wine and Spirits Division, which was subsequently spun off into Somerset Importers, Ltd. Our New York office began performing audit services for Canada Dry and Somerset in 1925. McCall Pattern is the oldest of the companies in the NSI family. Formed by James McCall in 1869, McCall Pattern later expanded into the publishing business and in 1897 distributed the first issue of McCall's magazine. In 1929, McCall's acquired Redbook magazine. When Norton Simon Inc. was formed through the consolidation of these three long-established companies, the corporation was headed by three men, all 14
Client profile -- Norton Simon Inc
Bone, Walter M.
Norton Simon, Inc.
Waide, Patrick J.
Mahoney, David J.
Walter, Robert D.
Hood, William K.
Haskins & Sells. Los Angeles Office
|Abstract||Photographs on pages 14-16 by Roy Stevens;Photographs on page 19 by Gene Daniels;|
H&S Reports, Vol. 11, (1974 autumn), p. 14-19
|Source||Originally published by: Haskins & Sells|
|Rights||Copyright and permission to republish held by: Deloitte; Photographs by Roy Stevens and Gene Daniels, Black Star|
|Format||PDF page image with corrected OCR scanned at 400 dpi|
|Collection||Deloitte Digital Collection|
|Digital Publisher||University of Mississippi Library. Accounting Collection|