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Ampad was founded in 1888 by Thomas W. Holley, a paper mill employee, in Holyoke, Massachusetts.At the time, Holyoke was a major papermaking center. Holley began purchasing the rejects, or "sortings", from local paper mills, cutting the paper, inscribing rules on it, and binding it into pads which he could sell at a discount.
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In 1888, Holyoke's paper industry spurred the foundation of the American Pad & Paper Company (AMPAD), which as of 2007 was one of the largest suppliers of office products in the world. Holyoke was also previously the location of the headquarters of the American Writing Paper Company , a trust company established in 1899 with the merging of 23 ...
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Before 1920 the city was the home to numerous paper mills, producing 80% of the writing paper used in the United States, as well as having the largest silk, and alpaca wool mills in the world. [2] [3] The city was also home to the largest paper millwright firm in the United States, D. H. & A. B.
Bain's eight years' of involvement in Ampad is estimated to have generated over $100 million in profits ($60 million in dividends, $45–50 million from the proceeds from stock issued after the company went public, and $1.5-2 million in annual management fees). [49] In 1994, Bain acquired Totes, a producer of umbrellas and overshoes. [50]
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1747 Olentangy River Rd, Columbus, OH · Directions · (614) 299-9425