8/15/2023 0 Comments Tony lama el paso tx![]() Miller says the only additional change may be to put more capital into the El Paso firm. With an $81 -million friendly takeover nearly complete, Mr. vice-president in Houston, agrees that the Tony Lama Company's prospects are bright. Stock analyst Harry Miller, an Underwood Neuhaus & Co. This area, says Lama, is growing fast and every newcomer - such as El Paso's Connecticut-Yankee Mayor Jonathan Rogers - is bound to need boots. One reason is that 88 percent of his boot sales are west of the Mississippi in the Sunbelt. ''Our regular customers are getting by with buying one pair instead of three pairs.'' Sales are off, and retail outlets are carrying smaller inventories and so Tony Lama has a 45-day inventory of boots rather than its normal 30-day supply. This is down from last year's 1,625 workers and 5,400 pairs a day - a drop that has cut into company profits. ![]() has 1,350 employees turning out 4,200 to 4,400 pairs of boots a day. Lama Sr., a former cavalryman, started the business in 1911 to repair boots for El Paso's US Cavalry units and for local ranchers.Īfter overseeing four major plant expansions and now preparing for the next one, Tony Lama Jr. was turning out 125 pairs of boots a day. Lama started working full time for his father in 1954, Tony Lama Sr. He recalls with a broad grin just how spectacularly El Paso has changed. One of the direct beneficiaries of bank building has been Tony Lama Jr., chairman of the board of El Paso's 1-million-pair-a-year Tony Lama western boot company. Jordan, now a mergers and acquisitions consultant, ''and then the bank builds the community.'' He put Mexicans on the bank board and became a banker to Juarez as well as to El Paso. Jordan brought in a team of 18 other outsiders and launched ''a very aggressive loan policy,'' visiting everyone from company presidents to cotton farmers to let them know expansion capital was available. To help the explosion along a little, Mr. When Glen Jordan gave up New York City winters to become president of El Paso's State National Bank in 1970, he found both year-round golfing and ''a little country town with country bankers that was fixing to explode.''
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