Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: TUESDAY, July 3, 1990 TAG: 9007030502 SECTION: VIRGINIA PAGE: B2 EDITION: EVENING SOURCE: Associated Press DATELINE: ORMOND BEACH, FLA. LENGTH: Short
Root headed Associated Coca-Cola Bottlers from 1951 until 1982, when he sold his 57.5 percent interest to the parent company of Coca-Cola for $417.5 million. The company had plants in Pennsylvania, Florida, New York and New Jersey.
Last October, Forbes magazine listed Root as the 386th-richest person in America with a net worth of $290 million.
In 1966, he formed the Root Co. as parent company of his expanding financial holdings. At the time of his death, Root also owned such businesses as the Daytona Hilton and radio stations WNDB and WWLV.
A native of Terre Haute, Ind., Root was the grandson of Chapman J. Root, founder and owner of Root Glass Co., which designed and patented the distinctive wasp-waist Coca-Cola bottle in the early 1900s.
Chapman J. Root acquired several Coca-Cola bottling franchises, which later became the Terre Haute-based Associated Coca-Cola Bottlers.
He is survived by his wife, Susan Spear Root; a daughter; five sons; and 12 grandchildren.
by CNB