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Bangor Punta: A Unique Conglomerate Participating in The Social and Economic Trends of Our Times (1968)

"Conglomerates are the normal and natural business form for efficiently channeling investment into the most productive uses. If nature takes its course, then conglomerates will become the dominant form of business organization, particularly in the United States."

CONGLOMERATES IN THE FUTURE,
prepared by The Boston Consulting Group

In a sense, conglomerates already dominate business. Diversified companies account for 390 of the 500 largest corporations in the nation.

Bangor Punta is a unique conglomerate. It is a mixture of eight operating groups, with 63% of its earnings derived from two of the fastest growing industries in America: Leisure Time and Public Security. The first stems from the changing economic status of the American consumer; the other from America's social problems.

Merrill Lynch, Pierce, Fenner & Smith Inc., in its special report on Leisure: Investment Opportunities in a P5O-Billion Market, predicts that the overall leisure market "will reach $250 billion by 1975," spurred by rising disposable income and decreasing work weeks. Bangor Punta, through its Leisure Time companies, is today a leading manufacturer of recreational vehicles and equipment.

The need for public security has created another major growth market for Bangor Punta. According to Equity Research Associates, Bangor Punta "offers the investor a unique opportunity for participation in the growing expenditures of law enforcement agencies" on modern approaches to today's security needs.

Bangor Punta's management stresses growth in all phases of operations, including such promising markets as Energy Systems, Process Engineering, Agribusiness and Professional Services. As a result, acquired companies have developed at a quicker pace after joining Bangor Punta.

During 1968, Bangor Punta's acquisitions and operations were aimed at expanding penetration of its largest markets. A relatively short time ago—but early in Corporate history—many acquisitions were of an opportunistic nature. Now that Bangor Punta is stronger, with greater financial resources, it can be more selective. Management expects to seek acquisitions that are substantially larger than previous ones, with greater potential for growth.

Bangor Punta's overall aim is to progress at an annual growth rate of 25%, employing( the Corporation's assets to the greatest possible shareholder advantage.

In all areas—acquisitions, operations and investments—management maintains a flexible, innovative position, seeking to capitalize on the basic economic and social trends of our times.
Above: Serving youthful fashion needs, Bangor Punta is a major factor in the apparel industry throuc its Fashion Fabrics group. Right: Bangor Punta's expanding line of products for the booming leisure market range from sailboats to campers, from houseboats to motor home.,
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Bangor Punta Corporation Marketing Archives

Bangor Punta Era

The Bangor Punta era, lasted approximately twenty years -- from 1964 to 1984.

History will likely remember the company for its tenacity in pursuing acquisitions; their high-profile corporate executives; and, two United States Supreme Court cases that the company was involved in during its short life span.

Bangor Punta Nostalgic History

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