Potlatch Corporation (NYSE: PCH (http://www.nyse.com/about/listed/lcddata.html?ticker=PCH)) is an American diversified forest products company based in Spokane, Washington. Its products include lumber and panels, bleached pulp, paperboard and consumer tissue. It has approximately 4,200 employees.
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In 2002, Potlatch sold its Cloquet, Minnesota pulp and printing papers facilities and associated assets to Sappi Limited for US$480 million. This sale marked its exit from the coated printing papers business.
Company web site (http://www.potlatchcorp.com/)
Yahoo.com company profile (http://biz.yahoo.com/p/p/pch.html)
Categories: Companies traded on NYSE | Pulp and paper companies
A potlatch is a ceremony among certain Native American and First Nations peoples on the Pacific Northwest coast of the United States and the Canadian province of British Columbia such as the Haida, Tlingit, Tsimshian, Salish, Nuu-chah-nulth, and Kwakiutl (Kwakwaka'wakw).
Originally the potlatch was held to celebrate events in the life cycle of the host family such as the birth of a child.
Potlatching was made illegal in Canada in 1885 and the United States in the late nineteenth century, largely at the urging of missionaries and government agents who considered it "a worse than useless custom" that was wasteful, unproductive, and contrary to the work ethic and values of the society of Canada and the United States.
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