Executive McAshan dies at 87
Staff
Services for Samuel Maurice McAshan Jr., who guided Anderson, Clayton & Co. from the world's largest cotton merchant to a gigantic diversified foods operation, will be buried on Saturday.
McAshan, 87, died at his home here Wednesday.
Born into the third generation of Houston bankers, he was educated at Princeton University and went to work for his father.
He soon tired of banking, though, and entered the cotton business with the E.H. Crump company in Memphis, an Anderson, Clayton subsidiary.
Specializing in export sales, McAshan was sent to Latin America in 1934 and spent 25 years there. He became president of the parent company in 1959 and chairman in 1966. He retired in 1976.
In 1963, McAshan announced that Anderson, Clayton would diversify into products "less cyclical and less susceptible to the vagaries of government programming" than cotton.
The company's annual sales totaled in the billions of dollars, with such products as Chiffon margarine, Seven Seas salad dressings, Gaines pet foods and Igloo ice chests.
McAshan had also been a director of Bank of the Southwest and Shell Oil Co., trustee emeritus of Baylor College of Medicine, chairman of the Ripley Foundation and a member of The Business Council.
He leaves his wife, Susan, whose father, Will Clayton, was one of four men who founded Anderson, Clayton in 1904.
(HOUSTON CHRONICLE, Date: FRI 03/26/93, Section: A, Page: 34, Edition: 2 STAR)
Staff
Services for Samuel Maurice McAshan Jr., who guided Anderson, Clayton & Co. from the world's largest cotton merchant to a gigantic diversified foods operation, will be buried on Saturday.
McAshan, 87, died at his home here Wednesday.
Born into the third generation of Houston bankers, he was educated at Princeton University and went to work for his father.
He soon tired of banking, though, and entered the cotton business with the E.H. Crump company in Memphis, an Anderson, Clayton subsidiary.
Specializing in export sales, McAshan was sent to Latin America in 1934 and spent 25 years there. He became president of the parent company in 1959 and chairman in 1966. He retired in 1976.
In 1963, McAshan announced that Anderson, Clayton would diversify into products "less cyclical and less susceptible to the vagaries of government programming" than cotton.
The company's annual sales totaled in the billions of dollars, with such products as Chiffon margarine, Seven Seas salad dressings, Gaines pet foods and Igloo ice chests.
McAshan had also been a director of Bank of the Southwest and Shell Oil Co., trustee emeritus of Baylor College of Medicine, chairman of the Ripley Foundation and a member of The Business Council.
He leaves his wife, Susan, whose father, Will Clayton, was one of four men who founded Anderson, Clayton in 1904.
(HOUSTON CHRONICLE, Date: FRI 03/26/93, Section: A, Page: 34, Edition: 2 STAR)
Executive McAshan dies at 87
Staff
Services for Samuel Maurice McAshan Jr., who guided Anderson, Clayton & Co. from the world's largest cotton merchant to a gigantic diversified foods operation, will be buried on Saturday.
McAshan, 87, died at his home here Wednesday.
Born into the third generation of Houston bankers, he was educated at Princeton University and went to work for his father.
He soon tired of banking, though, and entered the cotton business with the E.H. Crump company in Memphis, an Anderson, Clayton subsidiary.
Specializing in export sales, McAshan was sent to Latin America in 1934 and spent 25 years there. He became president of the parent company in 1959 and chairman in 1966. He retired in 1976.
In 1963, McAshan announced that Anderson, Clayton would diversify into products "less cyclical and less susceptible to the vagaries of government programming" than cotton.
The company's annual sales totaled in the billions of dollars, with such products as Chiffon margarine, Seven Seas salad dressings, Gaines pet foods and Igloo ice chests.
McAshan had also been a director of Bank of the Southwest and Shell Oil Co., trustee emeritus of Baylor College of Medicine, chairman of the Ripley Foundation and a member of The Business Council.
He leaves his wife, Susan, whose father, Will Clayton, was one of four men who founded Anderson, Clayton in 1904.
(HOUSTON CHRONICLE, Date: FRI 03/26/93, Section: A, Page: 34, Edition: 2 STAR)
Staff
Services for Samuel Maurice McAshan Jr., who guided Anderson, Clayton & Co. from the world's largest cotton merchant to a gigantic diversified foods operation, will be buried on Saturday.
McAshan, 87, died at his home here Wednesday.
Born into the third generation of Houston bankers, he was educated at Princeton University and went to work for his father.
He soon tired of banking, though, and entered the cotton business with the E.H. Crump company in Memphis, an Anderson, Clayton subsidiary.
Specializing in export sales, McAshan was sent to Latin America in 1934 and spent 25 years there. He became president of the parent company in 1959 and chairman in 1966. He retired in 1976.
In 1963, McAshan announced that Anderson, Clayton would diversify into products "less cyclical and less susceptible to the vagaries of government programming" than cotton.
The company's annual sales totaled in the billions of dollars, with such products as Chiffon margarine, Seven Seas salad dressings, Gaines pet foods and Igloo ice chests.
McAshan had also been a director of Bank of the Southwest and Shell Oil Co., trustee emeritus of Baylor College of Medicine, chairman of the Ripley Foundation and a member of The Business Council.
He leaves his wife, Susan, whose father, Will Clayton, was one of four men who founded Anderson, Clayton in 1904.
(HOUSTON CHRONICLE, Date: FRI 03/26/93, Section: A, Page: 34, Edition: 2 STAR)
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