IU International Corporation

Philadelphia-based conglomerate

IU International CorporationCompany type| Public

|

Industry| Conglomerate
Founded| 1924
Defunct| 1988
Successor| Neoax Inc.
(waste management division)
Landstar System, Inc.
(trucking unit)
AMFAX, Inc.
(food distribution unit)
Headquarters| Philadelphia, Pennsylvania, United States
Subsidiaries| Biggers Brothers
Byrns Motor Express
Calkraft Paper Co.
Canadian Utilities Limited
C. Brewer & Co.
C & H Transportation Co.
Coast-to-Coast Express
Codesco Inc.
Conversion Systems Inc.
Customized Transportation
Delta Southern Company
Echo Bay Mines
Envirosafe Services Inc.
Expressway Nationwide
Farmbest
Frick Company
Gemini Trucking
General Waterworks Corporation
Gotaas-Larsen Shipping Corp.
G. & W. H. Corson
Helms Express
Hills Mccanna Co.
Independent Freightway
International Mill Service
Ligon Nationwide
Mauna Kea Sugar Company
Mauna Loa Macadamia Nut Corporation
Nationwide Intermodal
Pacific Intermountain Express
Pagette Air Signals
Pepeekeo Sugar Company
Pittsburgh Gage & Supply Co.
Poole Truck Line
Ranger Nationwide
Ryder Truck Lines
Saunders & Co.
Somafer S.A.
Southwest Fabricating & Welding Co.
Tennessee Alloys Corp.
Tennessee Metallurgical Corp.
Thurston Motor Lines
TransMark Express
Unijax
Walworth Co.

IU International Corporation was a diversified conglomerate based in Philadelphia. It was acquired by Neoax Inc. in 1988 through a hostile takeover.[1]

## History

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International Utilities Corporation was incorporated in Maryland in 1924. The company changed its name to IU International Corporation in 1973.

### Acquisitions

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International Utilities acquired Ryder Truck Lines from Ryder System in 1965, and Pacific Intermountain Express in 1973. IU would later merge both companies in 1983, creating Ryder/P-I-E Nationwide, Inc. IU sold Ryder/P-I-E to Maxitron Corporation in late 1985.[2]

In 1978, C. Brewer & Co. became a wholly owned subsidiary of IU. The company was sold in a leveraged buyout to its management in 1986. John W. A. "Doc" Buyers, a former IU executive, became chairman and CEO of the newly independent company.

## See also

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* Big Five (Hawaii)

## References

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1. ^ "IU Accepts Sweetened Bid Of $670 Million From Neoax". The New York Times. March 7, 1988.
2. ^ "IU's Ryder Unit Sold to Maxitron". The New York Times. January 3, 1986.