A&B acquires a minority interest in Matson Navigation Company. It became a wholly owned subsidiary in 1969.
A&B starts rubber plantation at Nahiku, Maui, as part of diversification program.
A&B Insurance Division is started.
Alexander & Baldwin, Limited forms as a corporation. Its capital stock was 15,000 with a $100 par value owned by five stockholders of record.
McBryde Sugar Company, Limited is founded on Kauai.
Hawaii’s first locomotive is put into operation by Kahului and Wailuku Railroad Company, which would become Kahului Railroad Company two years later. The company was later acquired by HC&S and changed its name to Kahului Trucking & Storage in 1967, the year after railroad operations ceased.
Partners plant their first crop of sugar, commit to factory. Start of Hamakua Ditch.
September 20, 2022 inA Legacy of Friendship, Collaboration
Friends since boyhood, Samuel T. Alexander and Henry P. Baldwin established a sugar-growing partnership on Maui that would diversify and grow to become one of Hawaii’s business and community leaders. The legacy they forged in 1870 continues today through A&B’s vision, mission and values.