A Guide to the WLR Foods records, 1948-2002 SC 0112

A Guide to the WLR Foods records, 1948-2002 SC 0112


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James Madison University Libraries Special Collections

820 Madison Drive
MSC 1706
Harrisonburg, Virginia 22807
Telephone: (540) 568-3612
library-special@jmu.edu
URL: https://www.lib.jmu.edu/special/

Trevor Alvord

Repository
James Madison University Libraries Special Collections
Identification
SC 0112
Title
WLR Foods records 1948-2002
Quantity
4.8 Gigabytes, 645 digital files
Quantity
0.06 cubic feet, 7 CDs
source
Wampler, William D. (William David), 1928-2014
Creator
WLR Foods, Inc.
Language
English .
Abstract
This digital collection contains over 5,000 scanned images representing 645 documents that pertain to the business endeavors, acquisitions, and publications of WLR Foods Incorporated.

Administrative Information

Use Restrictions

The copyright interests in this collection have not been transferred to the James Madison University Special Collections Library. For more information, contact the Special Collections Library Reference Desk (library-special@jmu.edu).

Access Restrictions

Collection is open for research. Researchers must request access to the digital files in this collection in advance and via a computer station in the Special Collections reading room.

Researchers must register and agree to copyright and privacy laws before using this collection. Please contact Research Services staff before visiting the James Madison University Special Collections Library to use this collection.

Provenance

The digital collection was originally divided into seven compact discs titled:

Wampler Foods Historical Records (Scans created between May through November 2005)

Wampler-Longacre Scans, Disc 1 (Scans created between October 25 through November 06 2007)

Wampler-Longacre Scans, Disc 2 (Scans created between June 07 through November 13 2007)

Wampler-Longacre Scans, Disc 3 (Scans created between June 15 through July 17 2007)

Wampler-Longacre Scans, Disc 4 (Scans created between June 16 through September 14 2007)

Wampler-Longacre Scans, Disc 5 (Scans created between September 14 through October 19 2007)

Wampler-Longacre Scans, Disc 6 (Scans created between October 19 through October 24 2007)

The creator or commissioner of the scans is unknown. In December 2007 the discs were reviewed and appraised by Jeffrey Evans, then President of the Green Valley Auctions, Inc. In February 2008 William Wampler donated the collection of compact discs to Special Collections. After initial review it was discovered the "Wampler-Longacre Scans, Disc 1" was blank. That same month Mr. Wampler was notified of the error and the "Wampler-Longacre Scans, Disc 1" was replaced with a working disc.

Preferred Citation

[Identification of Item], WLR Foods records, 1984-2002, SC 0112, Special Collections, Carrier Library, James Madison University, Harrisonburg, Va.

Acquisition Information

Compact discs comprising digital scnas were donated by William D. Wampler to Special Collections in February 2008.

Processing Information

The files on Disc 1 through 6 were created using a HP PSC 5100 at 200 dpi. The files on disc "Wampler Foods Historical Records" were scanned at 150 dpi.


Administrative History

WLR Foods is a hybrid of three Shenandoah Valley operations. The W and L in the name are for the Wampler and Longacre families; the R is for Rockingham County Poultry Cooperative. WLR Foods first incorporated in 1986 and created a holistic and self-sufficient poultry company that was capable of controlling all aspects of poultry production, from the egg to the local market. WLR Foods combined hatcheries and farms, feed storage and mills, processing and dressing plants, and distribution under one corporate umbrella. This proved to be a winning combination for the Virginia based company; at the height of its success in 1996, WLR Foods sales reached almost one billion dollars and employed over eight thousand workers. The success achieved by WLR Foods was predicated on three distinct companies that merged in 1986: Wampler Foods, Longacre Farms, and Rockingham Poultry Cooperative.

Wampler Foods began in 1927 with the founding of Wampler Feed and Seed Company. Wampler Feed was the first turkey feed company to contract directly with farms to grow poultry. Under the direction of founder, Charles W. Wampler Sr., Wampler Feed and Seed flourished during the 1930's, 40's and 50's. Wampler Feed revolutionized the poultry industry by pioneering the use of incubators to hatch turkeys and early adoption of cooped turkey growing. Upon the retirement of Charles Wampler Sr., his son, Charles Wampler Jr., took over as manager of Wampler Feed and Seed. In 1969, Wampler Jr. working with Herman Mason joined Wampler Feed with Virginia Valley Processing to create Wampler Foods. The merger brought poultry operations in hatcheries, feeding, growers, and limited processing together into one corporation. Further expansion of processing and increased distribution capabilities fueled the search for subsequent merger opportunities.

During World War II, the American labor force began to diminish. This shortage had a great effect on the agricultural community as farmers and farm workers left to join the war. By 1943, the labor shortage forced Congress to allow draft deferments for farmers and hired men. Horace W. Longacre, a passive Mennonite, sought to serve but not to fight. He considered farm draft deferment a peaceable alternative. In order to qualify for the deferment, Longacre bought 84 acres of farmland in Quakertown, Pennsylvania in 1944 and began selling eggs and vegetables. He soon moved exclusively into poultry operations, processing, and dressing chickens. By 1948, Longacre expanded his business into Virginia and was working with Herman Mason as a feed supplier. Eventually, he moved away from poultry feed and focused entirely on processing. At the peak of his success, Longacre employed over 700 people and continued to further capabilities in dressing and distribution. It was under these circumstances that Longacre's business became an attractive merger option for Wampler who was seeking to expand in processing. By 1984, the merger was complete and Wampler-Longacre was formed.

The Wampler-Longacre merger set the stage for a new acquisition; in 1986, Wampler-Longacre acquired Rockingham Poultry Cooperative which expanded Wampler-Longacre into chicken production and also set the stage for the formation of WLR Foods Incorporated.

In 1988, WLR Foods hired fortuitously James Keeler as CEO and retained Charles Wampler Jr. as Chairman of the Board. During a hostile takeover attempt by Tyson Foods in 1994, Keeler proved to be a valuable leader in stopping Tyson. The company also went public that year with stock selling on NASDAQ. By the early 1990's, WLR was packaging poultry into 250 different product lines from hotdogs to burgers. Throughout the 1990's, WLR Foods continued to expand. In 1990, Golden Acre Foods was acquired along with Cassco Corporation, an ice and cold storage operation. In 1992, Round Hill Foods and the Southern Ice Company were purchased. In 1993, WLR acquired Commonwealth Ice Company and the Beverley Company.

In 1994, Fortune Magazine had listed the company prestigiously in the top 500 companies in the nation. That same year, WLR Foods recorded sales over 700 million and attracted the attention of Tyson Foods Incorporated which attempted a hostile takeover by offering shareholders $30.00 per share which was well above the fair market value at the time. James Keeler, a former lawyer, aggressively fought Tyson Foods by rallying shareholders and using loopholes in Virginia law to prevent a payout from Tyson.

Following the takeover attempt, WLR Foods continued to be a successful leader in the poultry industry and acquired Cuddy Farms Incorporated which strengthened its turkey production and processing operations. However, by 2000 WLR Foods was on the decline with stock shares dropping to $4.59. Pilgrim's Pride Corporation bought and absorbed WLR Foods thus ending the corporation's fourteen-year dominance of the industry.

Scope and Content

The WLR Foods records, 1948-2002, consists of over 5,000 scanned digital images. The bulk of the collection is comprised of documents pertaining to WLR Foods Incorporated. The remaining documents relate to Wampler Feed and Seed Company and Wampler Foods and are pre-1984 in date. The 645 PDF documents that make up the collection have been arranged by similar topic into nine series.

Arrangement

The records are arranged into the following series:

Stock Activities, 1976-2000 Meetings and Minutes, 1970-2001 Financial Reports, 1955-2000 Publications, 1979-2002 Acquisitions, Mergers, and Takeovers, 1984-2000 Announcements, Memos, and News, 1987-2000 Audit and Examination Reports, 1948-1978 Various Documents, 1987-1996 Correspondence, 1988-1991

Related Material

Wampler Business Records, 1916-1972, SC 0202, Special Collections, Carrier Library, James Madison University, Harrisonburg, Va.

Wampler Family Papers, 1798-1962, SC 0150, Special Collections, Carrier Library, James Madison University, Harrisonburg, Va.

Elizabeth "Libby" Custer Papers, ca.1930s-1997, SC 0077, Special Collections, Carrier Library, James Madison University, Harrisonburg, Va.

Subjects and Indexing Terms


Existence and Location of Originals

The current state of ownership of the original/physical material used to create the digital scans is unknown.


Bibliography

Chintala, David Michael. Correlation between export sales and stock price. Harrisonburg: James Madison University, 1997.
Fife, Tom. Activity-based costing systems and their applications in the poultry industry. Harrisonburg: James Madison University, 1993.
Whiteley, Laura E., "WLR Foods, Inc." In International Directory of Company Histories Vol. 21, 1998, edited by Tina Grant, and Jay P. Pederson, 534-536. Detroit: St. James Press, 1998.

Significant Persons Associated With the Collection

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Container List

1
Stock Activities
1976-2000
Scope and Contents

Series 1: Stock Activities, holds stock reports, NASDAQ market reports, and letters to stockholders of WLR Foods. The majority of this collection spans a nine-year period from 1991 to 2000. Two documents in Series 1 cover the stock activities of Wampler Foods from 1976 and 1979. Also included is a letter written to WLR Foods shareholders regarding the hostile takeover attempt by Tyson Foods. This series contains 175 documents.

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2
Meetings and Minutes
1970-2001
Scope and Contents

Series 2: Meetings and Minutes, comprises minutes from Board of Directors meetings, Shareholder meetings, and WLR Foods Executive Committee meetings. The majority of this series spans 1985 to 2000 and contains 157 documents.

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3
Financial Reports
1955-2000
Scope and Contents

Series 3: Financial Reports, includes financial statements from 1955 to 2000. The reports relate to the Wampler-Bryan Company, Wampler Foods, Golden Acre Foods, Wampler-Longacre, and WLR Foods. Of the 85 documents in the series, 34 report on the finances of WLR Foods' many subsidiaries. The bulk of this series ranges from 1989 to 2000 and details the quarterly reports of WLR Foods. Also included are eleven of the company's annual reports.

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4
Publications
1979-2002
Scope and Contents

Series 4: Publications contains WLR Foods' annual newsletter, "Dimensions." These newsletters were distributed primarily to employees and community members. They document the company's growth and history and feature spotlights on employees. One publication which predates WLR Foods is a document titled: "Eat More Turkey" by David W. Evans in 1960. The majority of this 68 document series dates from 1988 to 2002 with some publications as early as November 1984.

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5
Acquisitions, Mergers, and Takeovers
1984-2000
Scope and Contents

Series 5: Acquisitions, Mergers, and Takeovers includes documents from the merger between Wampler Foods in Longacre Farms in 1984, acquisitions by WLR Foods of other companies such as Cuddy and Cassco Ice, several documents on the hostile takeover attempt by Tyson Foods in 1994/1995, and the buy out of WLR by Pilgrim's Pride in 2000. This series spans 1984 to 2000 and contains 58 documents.

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6
Announcements, Memos, and News
1987-2000
Scope and Contents

Series 6: Announcements, Memos, and News details company announcements and memos such as new chairman elections. Additionally, news and press releases on topics such as quarterly reports, and company endeavors are also included here. Then president of WLR, James Keeler, released two news reports to shareholders panning the hostile takeover attempt of Tyson Foods in 1994. This series contains 44 items and covers the years 1987 to 2000.

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7
Audit and Examination Reports
1948-1978
Scope and Contents

Series 7: Audit and Examination Reports deals entirely with the separate companies that eventually merged to create WLR Foods. The series begins in 1948 with a report on examination from Wampler Feed and Seed Company. Other companies included in this series are Wampler Foods and Virginia Valley Processors. Each of the examination accounts for the business' balance sheets and were conducted by certified public accountants from Harrisonburg Virginia. The specific accountants vary from year to year. Thirty-nine documents make up this series with the bulk of material spanning 1958 to 1978.

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8
Various Documents
1987-1996
Scope and Contents

Series 8: Various Documents includes multiple types of company publications such as four iterations of WLR Foods philosophy, by-laws, expenditure requests, and a notification of Wampler-Longacre changing brand name to Wampler. There are 22 documents in this series that cover the years 1987 to 1996.

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9
Correspondence
1988-1991
Scope and Contents

Series 9: Correspondence is the smallest of the nine series, totals eight documents, and spans the years 1988 to 1991. The correspondence varies between WLR Foods' several subsidiaries.

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