Editing Amfac (section)

===1980s–2000s===
In 1987, Ronald Sloan was removed as chief executive and president and was replaced by Richard Griffith (Henry Walker Jr. was still chairman of the board). The company announced it was selling its non-Hawaii business units.<ref>{{cite news |url= https://www.nytimes.com/1987/12/14/business/amfac-is-planning-to-sell-its-non-hawaii-businesses.html |date= December 14, 1987 |title= Amfac Is Planning to Sell Its Non-Hawaii Businesses |newspaper=[[The New York Times]] |accessdate=June 27, 2010 | first=Calvin | last=Sims}}</ref> 
Amfac was bought by [[Chicago]]-based [[JMB Realty]] in 1988 for $920&nbsp;million.<ref>{{cite news |url= https://www.nytimes.com/1988/11/19/business/company-news-amfac-holders-back-bid-by-jmb.html |date= November 11, 1988 |title= Company News: Amfac Holders Back Bid by JMB |newspaper=The New York Times |accessdate=June 27, 2010 }}</ref> 

As the sugar industry in Hawaii declined after statehood, so did the fortunes of Amfac. The company's assets were gradually sold off or closed. Oahu Sugar in [[Waipahu]] was closed in 1995.<ref name="dynasty">{{Cite web| title = Dynasty in decline: Amfac, the first Hawaii company to earn $1 billion in revenue, is a shadow of its former self| work = Honolulu Star-Bulletin| accessdate = 2018-04-22| date = 2001-09-02| url = http://archives.starbulletin.com/2001/09/02/business/index.html}}</ref> [[Liberty House (department store)|Liberty House]] went into bankruptcy in 1998 (it was later acquired by [[Federated Department Stores]] and now carries the [[Macy's]] brand name). The Pioneer Mill in [[Lahaina, Hawaii|Lahaina]] closed in 1999, and the [[Kekaha, Hawaii|Kekaha]] Sugar Mill and [[Lihue, Hawaii|Lihue]] Plantation closed in 2000.<ref>{{Cite web| last = Young| first = Peter T.| title = Ho'okuleana: Pioneer Mill| work = Ho‘okuleana| accessdate = 2018-04-22| date = 2013-08-02| url = http://totakeresponsibility.blogspot.com/2013/08/pioneer-mill.html}}</ref><ref name="dynasty" /> West Maui Land acquired the former Pioneer Mill fields above Launiupoko Beach Park.<ref>{{cite web | url=https://www.mauimagazine.net/maui-intriguing-people/ | title=Maui's Most Intriguing People | date=April 2, 2006 }}</ref> [[Steve Case]] acquired the Lihue plantation in 2001.<ref>{{cite web | url=https://www.thegardenisland.com/2001/07/07/news/aols-steve-case-buys-amfacs-lihue-acreage/ | title=AOL's Steve Case buys Amfac's Lihu'e acreage | date=July 7, 2001 }}</ref> Amfac Hawaii went into [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] in 2002.<ref>[http://archives.starbulletin.com/2002/02/28/news/index.html Amfac mired in debt]. ''[[Honolulu Star-Bulletin]]''.</ref> Amfac Parks & Resorts was retained by [[JMB Realty|JMB]] and was renamed [[Xanterra Travel Collection|Xanterra Parks & Resorts]]. Amfac Hawaii was reorganized as Kaanapali Land, LLC and the bankruptcy closed in 2005.<ref>{{cite web |title= Annual Report (form 10K) of Kaanapali Land, LLC |date= March 29, 2010 |work=US Securities and Exchange Commission EDGAR |url= https://www.sec.gov/Archives/edgar/data/1230058/000089262610000036/kaa_k09.txt |accessdate=June 27, 2010 }}</ref>
Some of the former plantation land uphill from the resort has been subdivided into a development called Kāʻanapali Coffee Farms.<ref>{{cite web|title=Welcome to the New Family Farm |work=Kāʻanapali Coffee Farms web site |url=http://www.kaanapalicoffeefarms.com/farms/farms.html |accessdate=June 27, 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20100909062834/http://www.kaanapalicoffeefarms.com/farms/farms.html |archivedate=September 9, 2010 |df=mdy }}</ref>