Maui Land & Pineapple Company
Maui Land & Pineapple Company (ML&P) is a land holding and operating company based in Maui, Hawaii, United States. It is dedicated to agriculture, resort operation, and the creation and management of holistic communities, and owns approximately 25,000 acres on the island of Maui. The company wholly owns two principal subsidiaries: Maui Pineapple Company, Ltd., which operates ML&P’s pineapple and other agricultural activities, and Kapalua Land Company, Ltd., which operates the Kapalua Resort community. ML&P also owns and manages the 9,881 acre Pu`u Kukui Watershed Preserve, which is the largest private nature preserve in the state of Hawai`i.
Maui Land & Pineapple Company is a public company listed on the American Stock Exchange (AMEX) under the symbol “MLP”. The company has a current market capitalization worth over $300 million. The company has existed for more than 100 years.
Maui Land & Pineapple Company is structured into three operating segments: Agriculture, Resort, and Community Development. The Agriculture segment is operated through the Maui Pineapple Company, and is engaged in growing, packing, processing and marketing processed and fresh pineapple. The Resort segment includes the operation of the golf resort community, Kapalua Resort, and is managed through the Kapalua Land Company. The Community Development segment involves the operation of all the company's real estate entitlement, development, construction, sales and leasing activities, as well as the operation of Kapalua Realty Company, a general brokerage real estate company, located within Kapalua Resort.
Maui Pineapple Company
Maui Pineapple Company, Ltd. (MPC) is the USA’s largest grower, processor, and shipper of Hawaiian pineapples. MPC began in 1909 as the Keahua Ranch Company, Ltd, and became the Maui Pineapple Company in 1932. MPC currently cultivates and processes approximately 6,000 acres of three varieties of pineapple: traditional Champaka, new extra-sweet Maui Gold‚ and Maui Organic Pineapple. MPC also operates the only pineapple cannery in the USA which processes 100% Hawaiian canned pineapple.
Kapalua Land Company
The Kapalua Land Company (KLC) operates the Kapalua Resort community, along with the development and sale of real estate on the Resort. KLC was established in 1975, and now manages the Resort holdings of over 700 homes, home sites, and condos; 3 golf courses; 5 beaches; tennis courts; and restaurants. Kapalua Resort also hosts the PGA Tour’s season opening Mercedes Benz Championship event every January.
History
Maui Land & Pineapple company’s began with the entrepreneurial and agricultural activity of the Baldwin family, who arrived in Maui in 1835. The Baldwins started acquiring land in East Maui and West Maui, and over the next 100+ years they began cultivating pineapples through their Maui Pineapple Company, and expanding their land holdings, owning 22,600 acres of Maui land by 1933. In 1969, Maui Land & Pineapple Company, Inc. was created and went public, with Colin C. Cameron, a fifth-generation descendant of the Baldwin family, acting as its first president.
In 1975 ML&P incorporated the Kapalua Land Company, Ltd. as its subsidiary dedicated to resort development and the Maui Pineapple Company, Ltd. as its subsidiary devoted to pineapple and other agricultural operations. 1975 is also when the company opened its first golf course; 2 other golf courses, homes, condos, and hotels followed over the next 2 decades. In 1988, ML&P dedicated 8,661 acres of its West Maui land, including Puu Kukui, the highest peak in the West Maui Mountains, to conservation--this area became the Puu Kukui Watershed Preserve, which remains the largest private nature preserve in Hawaii.