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ConAgra Foods Inc.
Conagra Brands, Inc. (formerly ConAgra Foods) is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Based on its 2021 revenue, the company ranked 331st on the 2022 Fortune 500. History Founding and success ConAgra was founded in 1919 by Frank Little and Alva Kinney, who brought together four grain mills as Nebraska Consolidated Mills (NCM) at Grand Island, Nebraska. The headquarters were moved to Omaha in 1922. The company ran at a profit until 1936, when Kinney retired. In 1940, the company began producing flour at its own mill, and in 1942 ventured into the livestock feed business. That year, NCM president R. S. Dickinson opened the company's first out-of-state facility in Alabama with a flour mill and animal feed plant. After researching new uses for its flour, NCM funded the establishment of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Procter & Gamble
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/consumer health, personal care and hygiene products; these products are organized into several segments including beauty; grooming; health care; fabric & home care; and baby, feminine, & family care. Before the sale of Pringles to Kellogg's, its product portfolio also included food, snacks, and beverages. P&G is incorporated in Ohio. In 2014, P&G recorded $83.1 billion in sales. On August 1, 2014, P&G announced it was streamlining the company, dropping and selling off around 100 brands from its product portfolio in order to focus on the remaining 65 brands, which produced 95% of the company's profits. A.G. Lafley, the company's chairman and CEO until October 2015, said the future P&G would be "a much simpler, much less complex company of leadi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hicks, Muse, Tate & Furst
HM Capital Partners was a private equity firm in the United States that specialized in leveraged buyouts. The firm was previously known as Hicks, Muse, Tate & Furst. It was founded in 1989 by Tom Hicks and John Muse as Hicks, Muse & Co. and was changed in 1994 to reflect the roles of Charles Tate and Jack Furst. History Hicks & Haas The son of a Texas radio station owner, Tom Hicks became interested in leveraged buyouts as a member of First National Bank's venture capital group. Hicks and Robert Haas formed ''Hicks & Haas'' in 1984; the next year that firm bought ''Hicks Communications'', a radio outfit run by Hicks' brother Steven. (This would be the first of several media companies bought or created by the buyout firm that involved Steven Hicks.) Hicks & Haas' biggest coup was its mid-1980s acquisition of several soft drink makers, including Dr Pepper and 7 Up. The firm took Dr Pepper/7 Up public just 18 months after merging the two companies. In all, Hicks & Haas turned an $ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swift & Company
JBS USA Holdings, Inc. is an American food processing company and a wholly owned subsidiary of the multinational company JBS S.A. The subsidiary was created when JBS entered the U.S. market in 2007 with its purchase of Swift & Company. JBS specializes in Wagyu Beef, the only certified Japanese Cattle distributor on the entire eastern U.S. seaboard JBS USA is based in Greeley, Colorado. Its competitors include Cargill, Smithfield Foods, and Tyson Foods. History Swift & Company JBS USA's operations can be traced back to 1855, when 16-year-old Gustavus Franklin Swift founded a butchering operation in Eastham, Massachusetts. Its early origins on Cape Cod led later to locations in Brighton (in Massachusetts), and Albany, and Buffalo, New York. In 1875, Swift and Company was incorporated in Chicago. Swift and Armour and Company acquired a two-thirds controlling interest in the Fort Worth Stockyards in 1902. That same year, an antitrust lawsuit was filed against Swift for conspir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nabisco
Nabisco (, abbreviated from the earlier name National Biscuit Company) is an American manufacturer of cookies and snacks headquartered in East Hanover, New Jersey. The company is a subsidiary of Illinois-based Mondelēz International. Nabisco's plant in Chicago is the largest bakery in the world, employing more than 1,200 workers and producing around 320 million pounds of snack foods annually. Its products include Chips Ahoy!, Belvita, Oreo cookies, Ritz Crackers, Teddy Grahams, Triscuit crackers, Fig Newtons, and Wheat Thins for the United States, United Kingdom, Mexico, Bolivia, Venezuela, and other parts of South America. All Nabisco cookie or cracker products are branded Christie in Canada. Nabisco opened corporate offices as the National Biscuit Company in the Home Insurance Building in the Chicago Loop in 1898, the world's first skyscraper. History Pearson & Sons Bakery opened in Massachusetts in 1792, and they made a biscuit called pilot bread for consumption on l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. The cost of debt is lower because interest payments often reduce corporate income tax liability, whereas dividend payments normally do not. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity. The term LBO is usually employed when a financial sponsor acquires a company. However, many corporate transactions are partially funded by bank debt, thus effectively also representing an LBO. LBOs can have many different forms such as management buyout (MBO), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swift-Eckrich
Beatrice Foods Company was a major American food processing company founded in 1894. In 1987, its international food operations were sold to Reginald Lewis, a corporate attorney, creating TLC Beatrice International, after which the majority of its domestic (U.S.) brands and assets were acquired by KKR, with the bulk of its holdings sold off. By 1990, the remaining operations were ultimately acquired by ConAgra Foods. History Early years 1894-1912 The Beatrice Creamery Company was founded in 1894 by George Everett Haskell and William W. Bosworth, by leasing the factory of a bankrupt firm of the same name located in Beatrice, Nebraska. At the time, they purchased butter, milk, and eggs from local farmers and graded them for resale. They promptly began separating the butter themselves at their plant, making their own butter on site and packaging and distributing it under their own label. They devised special protective packages and distributed them to grocery stores and restau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hunt-Wesson
Hunt's is the name of a brand of preserved tomato products owned by Conagra Brands. The company was founded in 1888, in Sebastopol, California, as the Hunt Bros. Fruit Packing Co., by Joseph and William Hunt. The brothers relocated to nearby Santa Rosa in 1890, and then to Hayward in 1895. This small canning operation grew rapidly, focused on canning the products of California's booming fruit and vegetable industries. By 1941, the plant shipped a hundred million cans of soup, fruits, vegetables, and juices annually. In 1943, Hunt's was taken over by Norton Simon's Val Vita Food Products - a competing firm founded in the early 1930s and based in Fullerton, California. The merged firm kept the ''Hunt's'' name and incorporated as Hunt Food and Industries, Inc. The new management led by Norton Simon decided to focus the company on canned tomato products, particularly prepared tomato sauce. The Wesson Oil & Snowdrift Company merged with Hunt's Foods, Inc. in 1960 to become Hunt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beatrice Foods
Beatrice Foods Company was a major American food processing company founded in 1894. In 1987, its international food operations were sold to Reginald Lewis, a corporate attorney, creating TLC Beatrice International, after which the majority of its domestic (U.S.) brands and assets were acquired by KKR, with the bulk of its holdings sold off. By 1990, the remaining operations were ultimately acquired by ConAgra Foods. History Early years 1894-1912 The Beatrice Creamery Company was founded in 1894 by George Everett Haskell and William W. Bosworth, by leasing the factory of a bankrupt firm of the same name located in Beatrice, Nebraska. At the time, they purchased butter, milk, and eggs from local farmers and graded them for resale. They promptly began separating the butter themselves at their plant, making their own butter on site and packaging and distributing it under their own label. They devised special protective packages and distributed them to grocery stores and restau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banquet Foods
Banquet Foods is a subsidiary of Conagra Brands that sells various food products, including frozen pre-made entrées, meals, and desserts. The brand is best known for its line of TV dinners. Banquet was founded in 1953, with the introduction of frozen meat pies. Banquet first hit the store shelves in 1955, offering frozen dinners. Soon after that, Banquet became popular with their ''Cookin' Bags'' products. In 1970, the company was purchased by RCA, which in turn sold it to Con-Agra in 1980. Banquet is known primarily for a frozen breaded chicken, but expanded into other chicken products over the years, including chicken pot pies, chicken nuggets, ready-to-heat microwaveable dinners and buffalo wings. In 2004, Banquet introduced Homestyle Bakes – ready to bake dinner kits in 11 varieties, as well as Dessert Bakes – no-bake pie and cake mixes. With the 2007 sale of former Con-Agra division Swift & Company to JBS USA, the popular frozen breakfast sausage line formerly know ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
