Halydean Corporation

Halydean Corporation
Private
(Public listing is pending)
Traded as NASDAQ: HALY (coming soon)
Industry Agriculture, Dairy Farming
Founded 1128 (1128)
Kelso, Scotland
Founder David I of Scotland
Headquarters Hayward, Wisconsin, U.S.
Key people
 Ron Braatz
(President and CEO)
Craig Hunt
(COO)
Products Milk, Beef, International Trade, Food distribution
Revenue Increase US$24 million (2015)
Total assets Increase US$159 million (2016)
Number of employees
 Increase 80 (2015)
Website www.halydean.com

Halydean Corporation is a vertically integrated dairy and beef industry consolidation holding company. The company is headquartered in Hayward, Wisconsin, but primarily consists of holdings in subsidiaries. The company CEO is Ron Braatz.[1] The company, a classic rollup, targets dairy facilities for mergers and acquisitions each worth an average $34 million USD, and is moving to increase its revenues from US export sales.[2]

Notable ownership

Below is a list of past owners of Halydean Corporation, which is diverse.

OwnerYearManner in which held
The Church1128Perpetual, tax-exempt ownership & civil rule[3]
The State1545Royal Burgh, held by the Crown[4]
Private property1602Proprietorship of Barony & Lordship[5]
Corporate shareholders2014Corporation owned by many shareholders[6]

Halydean had many incarnations, with reorganizations and even a redomicile. It is unique in that it was founded by the Crown, owned by the Catholic Church, then owned by the state, then owned privately,[7] and is now soon to be listed as a publicly traded company.[8] Under feudalism, Halydean had the legal authority of "pit and gallows," which is to say, to carry out the death sentence. The original charter also specified that the organization was tax exempt. Halydean was rivaled in Scotland only by St Andrews, another barony owned by the Catholic Church. [9]

Name & Etymology

At the time of its creation, Halydean was owned by the Catholic Church. It was controlled by the Kelso Abbey, in the Royal Burgh of Roxburgh, Scotland. The Dean (Christianity) of the abbey was called the "Holy Dean," and the agricultural & grazing lands given to the Monks of Selkirk became known as The Barony and Lordship of Halydean.[10]

History and age of company

The company states that it has "more than 100 years of operational history," [11] which refers to the age of its subsidiaries, however, there are well documented legal records showing that the entity had its establishment in 1128 C.E., by the 17th great grandfather of one of the current directors,[12] with holdings primarily consisting of thousands of acres of grazing land.[13][14][15][16][17] This is substantially older than Harvard College, which has been described as the new world's oldest corporation, established in 1636.[18][19] The oldest companies in the world for tea, sake, metalworking, and pharmacy were all established after 1128, the year of Halydean's establishment.[20] Lorillard Tobacco Company is listed as the oldest public American company, having been established in 1760.[21] The Tuttle Farm was established in the 1630s by King Charles II, and is the oldest continually operating business in the US.[22] Based on that information, it can be argued that Halydean is a very old company, although it is unknown whether or not it may hold the claim as the oldest publicly traded company in the world. The company has not made any such claim. The company is on Wikipedia's List of oldest companies. In 1545 Halydean's ownership was appropriated by the Crown, rechartered, and eventually assigned to new owners in 1602,[23][24] and in 2014 Halydean Corporation was organized as a Delaware corporation, as a wholly owned subsidiary of The Barony and Lordship of Halydean (Scotland) by the current Lord of Halydean.[25] Almost immediately following that, numerous other shareholders were appointed, such that the company has to use a stock transfer agent.[26] Halydean Corporation is classified in the UK as a "subsidiary undertaking" of the Barony and Lordship of Halydean, as defined in section 1162 of the Companies Act 2006. [27] This is unclear if Halydean Corporation should lay claim to the title oldest company on Wall Street, but it legally establishes the company as having a dignified pedigree in land holdings that can be traced to the year 1128 C.E.

Today

Halydean Corporation is an agricultural land holding company that specializes in dairy and beef production. The company invests in the dairy industry.[28] The following SIC codes may apply to Halydean Corporation: 02410000 Dairy farms, 02120000 Beef cattle (except feedlots), 42120102 Farm to market haulage (local), and 51430000 Wholesale Trade - Nondurable Goods Dairy products, except dried or canned. Subsidiaries include trucking / milk hauling, farm land, dairy operations, heifer replacement breeding, academic research, and beef cow breeding using artificial insemination with sexed semen for F1 hybrid crosses.

Environmental Activism

The company participates in wastewater treatment research. These systems speed up the digestion of manure products into useful co-products such as fertilizer for cleaner air and water.[29] The company promotes environmentalism which is economically profitable.[30]

References

  1. ↑ Yahoo Finance, http://markets.financialcontent.com/mi.miamiherald/news/read?GUID=31731899
  2. ↑ Yahoo Finance, https://finance.yahoo.com/news/halydean-signs-letter-intent-acquire-163308476.html;_ylt=AwrC1jExXVhXymkAecyTmYlQ;_ylu=X3oDMTByMDgyYjJiBGNvbG8DYmYxBHBvcwMyBHZ0aWQDBHNlYwNzYw--
  3. ↑ Moffat, A., (2006). Kelsae: A History of Kelso from Earliest Times. Birlinn Ltd. ISBN 1841584576
  4. ↑ Moffat, A., (2006). Kelsae: A History of Kelso from Earliest Times. Birlinn Ltd. ISBN 1841584576
  5. ↑ Moffat, A., (2006). Kelsae: A History of Kelso from Earliest Times. Birlinn Ltd. ISBN 1841584576
  6. ↑ https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx
  7. ↑ Moffat, A., (2006). Kelsae: A History of Kelso from Earliest Times. Birlinn Ltd. ISBN 1841584576
  8. ↑ Yahoo Finance, http://markets.financialcontent.com/mi.miamiherald/news/read?GUID=31731899
  9. ↑ Moffat, A., (2006). Kelsae: A History of Kelso from Earliest Times. Page 12. Birlinn Ltd. ISBN 1841584576
  10. ↑ (English version)Thomson, J. M., Dickson, W. K., Paul, J. B., & Stevenson, J. R. H. (1984).Registrum magni sigilli regum Scotorum. The register of the Great seal of Scotland. Scottish Record Society in conjunction with Clark Constable.
  11. ↑ Yahoo Finance, http://markets.financialcontent.com/mi.miamiherald/news/read?GUID=31731899
  12. ↑ Scottish Barony Register (2003). Burke's Peerage, Baronetage, & Knightage: Clan Chiefs Scottish Feudal Barons, 107th edition. ISBN 9780971196629
  13. ↑ The Register of the Great Seal of Scotland; Liber S. Marie de Calchou, Registrum Cartarum Abbacie Tironensis de Kelso, 1113-1567.
  14. ↑ (English version)Thomson, J. M., Dickson, W. K., Paul, J. B., & Stevenson, J. R. H. (1984).Registrum magni sigilli regum Scotorum. The register of the Great seal of Scotland. Scottish Record Society in conjunction with Clark Constable.
  15. ↑ Scottish Barony Register (2003). Burke's Peerage, Baronetage, & Knightage: Clan Chiefs Scottish Feudal Barons, 107th edition. ISBN 9780971196629
  16. ↑ The Scottish Records Society, New Series, Volume 24, (Edinburgh, 2001), p. 58-62
  17. ↑ Moffat, A., (2006). Kelsae: A History of Kelso from Earliest Times. page 12. Birlinn Ltd. ISBN 1841584576
  18. ↑ Herbst, J., (1982). From Crisis to Crisis. American College Government 1636-1819, Harvard University Press, Cambridge. ISBN 0-674-32345-9.
  19. ↑ Rudolph, Frederick (1961). The American College and University. University of Georgia Press. p. 3. ISBN 0-8203-1285-1.
  20. ↑ Crockett, Z. Why Are So Many of the World's Oldest Companies in Japan? from http://priceonomics.com/why-are-so-many-of-the-worlds-oldest-businesses-in/
  21. ↑ Bullock, D., (2011). America's 10 Oldest Public Companies. From http://www.minyanville.com/special-features/articles/oldest-public-companies-america2527s-oldest-companies/9/23/2011/id/37022
  22. ↑ Brown, R., (2015). 5 Of The World's Oldest Companies. From Invetopedia, http://www.investopedia.com/financial-edge/0711/5-of-the-worlds-oldest-companies.aspx
  23. ↑ Watt, D. E. R.; Shead, N. F., eds. (2001), The Heads of Religious Houses in Scotland from Twelfth to Sixteenth Centuries, The Scottish Record Society, New Series, Volume 24 (Revised ed.), Edinburgh: The Scottish Record Society, ISSN 0143-9448
  24. ↑ Moffat, A., (2006). Kelsae: A History of Kelso from Earliest Times. Birlinn Ltd. ISBN 1841584576
  25. ↑ https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx
  26. ↑ Transfer Online, Inc. https://www.transferonline.com/AboutUs/ClientDetail/Halydean-Corporation
  27. ↑ https://uk.practicallaw.thomsonreuters.com/0-107-7338
  28. ↑ Yahoo Finance, http://markets.financialcontent.com/mi.miamiherald/news/read?GUID=31731899
  29. ↑ Canadian Business Journal. http://www.cbj.ca/halydean-leading-farm-industry-environmental-improvements/
  30. ↑ Company website. http://www.halydean.com/index.php/en/environmental-statement

Company website: http://www.halydean.com

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