The 16-volume "Golden Book Encyclopedia", published in 1960, enjoyed sales of 60 million copies in two years, while sales of Golden Press books reached almost $39 million in 1960. In the same year, the name Western Publishing Company was adopted and common stock was issued with some eighty percent owned by management or employees. At this point Western had the distinction of being the largest creator and publisher of children's books, the largest producer/distributor of children's games made from paper or paper products, and the largest creator/producer of comic books. Western had operated at a profit every year since 1907, paid a dividend every year since 1934, and seen net sales increase from $40.5 million in 1950 to $123.8 million in 1960. During the same period, net profit had increased from $3.1 million to $7.4 million. In 1961, Western opened another printing plant, in Cambridge, Maryland, and in 1970 acquired several companies, including Odyssey Press, a high school and college textbook publisher.