Moore And McCormack Co. Plan To Change Firm's Name
Moore and McCormack Co., Inc. (NYSE: Pacific) plan to change its name to Moore McCormack Resources, Inc., according to an announcement by James R. Barker, chairman and chief executive officer.
Mr. Barker said this change, which is subject to approval of shareholders at a special meeting to be held February 6, is being made to "more accurately reflect the present scope and direction of the company's business, which is focused on water transportation, natural resources and related logistics." Moore and McCormack's principal activities include Pickands Mather & Co. of Cleveland, Ohio, which operates iron ore and coal mines, Great Lakes ore carriers, and acts as sales agent for various materials, and Moore-Mc- Cormack Lines, Incorporated, which ofifers ocean shipping services from U.S. East Coast ports to the East Coast of South America and to South and East Africa.
Other company subsidiaries include Moore- McCormack Bulk Transport, Inc., which will operate oil tankers now under construction and other bulk carriers, and Moore-McCormack Energy, Inc., which develops participation in projects requiring transportation and related logistics of energy-oriented resources.