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EMPIRE GYPSUM PLANT IS SOLDPacific Cement Co. Sells Property Sale of the Pacific Portland Cement Co. gypsum quarry and plant at Empire lo U. S. Gypsum Co. for $2,125,553 was* revealed yesterday when the deed was filed in the office of Delle Boyd, Washoe county recorder.The business is one of Washoe county’s largest industries and the sale included both the quarry, said to be one of the finest g\psum deposits in the world, and the mil! and housing facilities at Empire. Empire is situated about half-way between the quarry and Gcrlach, in northern Washoe county. It is served by the Western Pacific railroad.The deed filed here yesterday carried revenue stamps in the amount of $2,145. II was signed by J. B. McCarthy, president, and C. B. Flick, secretary, of Pacific Portland Cement Co, and was made out by the firm of Mc-Cutchen, Thomas, Mathew, Griffith Greene, San Francisco attorneys.Pacific Portlard Cement Co. has te main offices ir San Francisco, while U. S. Gypsum, largest producer of gypsum products in the United States, has its main offices in Chicago. It is headed by Sewell Avery, who gained national fame when he was carried out of his offices in the Montgomery Ward Co. by soldiers after he had defied federal wartime orders.Sale of the big northern Nevada enterprise has created speculation in Reno concerning the possibility of a processing factory here. Up to now Pacific Portland has shipped the products from Empire to Redwood City, Calif., to that company's big plasterboard factory. U. S. Gypsum has no such factory nearby, and it is believed it might be interested in setting one up in Reno or Sparks if The connecting road facilities are sufficiently improved to permit trucking.It was said here yesterday that the $2,125,550 price was a good bargain for U, S. Gypsum. In addition to the mill at Empire the company owns the hotel, all the houses for married employes, its own power plant to furnish electricity, and the other utilities. At present about 60 men are employed because the operations have not been going at full capacity during the last few weeks. The normal payroll is about 100 men.In addition to making plaster board, the gypsum is used in all sorts of plaster products and for agricultural purposes. Its market is far spread, and negotiations for its sale have beer under way for some time. Pacific Portland's stock has been going up during the last several days, and it is believed the reported sale was the main reason.Pacific Portland has owned and operated the quarry and mill at Empire for the last 25 years. Prior to that time it operated a similar but smaller project at Mound House, between Carson City and Virginia City. It still owns extensive holdings in California, Oregon and Washington,
Newspaper Details
Nevada State Journal
Reno, Nevada, US
Sat, May 01, 1948
Page 6
Full Page
Clipped by
Christopher B.
IA, USA 28 Apr 2019
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