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Manischevitz
Manischewitz (; he, מנישביץ) is a brand of kosher products based in the United States, best known for its matzo and kosher wine. Founded in 1888, it became a public corporation in 1923 and remained under family control until January 1991, when it was bought out by a private equity firm. On April 7, 2014, Sankaty Advisors, an arm of the private equity firm Bain Capital, bought the company from a group that included the investment firm Harbinger. It is the world's largest Matzo manufacturer, one of America's largest kosher brands, and the first American exporter of matzo. History The B. Manischewitz Company, LLC was founded by Rabbi Dov Behr Manischewitz, in 1888 in Cincinnati, Ohio. The Company went public in 1923 and remained a public corporation until it was taken private in a management buyout led by Kohlberg & Company in 1990 for $42.5 million. By 1926, the Cuvier Press Club described it as the largest firm of matzo bakers in the world, and the first American ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Ohio
Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The state's capital and largest city is Columbus, with the Columbus metro area, Greater Cincinnati, and Greater Cleveland being the largest metropolitan areas. Ohio is bordered by Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the west, and Michigan to the northwest. Ohio is historically known as the "Buckeye State" after its Ohio buckeye trees, and Ohioans are also known as "Buckeyes". Its state flag is the only non-rectangular flag of all the U.S. states. Ohio takes its name from the Ohio River, which in turn originated from the Seneca word ''ohiːyo'', meaning "good river", "great river", or "large creek". The state arose from the lands west of the Appalachian Mountai ...
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Package Of Goodman's Macaroons
Package may refer to: Containers or Enclosures * Packaging and labeling, enclosing or protecting products * Mail, items larger than a letter * Chip package or chip carrier * Electronic packaging, in electrical engineering * Automotive package, in automobile production and marketing * Package holiday, in tourism Computing * Modular programming, a software component * Java package, a mechanism for organizing Java classes * Package (package management system), a file used by a package management system to install an application or library * Package (macOS), a directory hierarchy normally treated as a single object in the Finder in macOS * Package (UML) in the context of UML, which is used to groups elements * Package format, a type of archive containing computer programs and additional metadata Entertainment and sports * Movie packaging, in which a talent agency bundles its clients with a film or TV project * ''The Package'' (1989 film), a 1989 American political thriller film ...
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Harbinger Capital
Harbinger Capital Partners is a private hedge fund based in New York City, New York, founded by Philip Falcone. Harbinger is a highly diversified multi-strategy hedge fund. Notable investments have included sub-prime mortgages in the United States and the United Kingdom, such as HBOS, and LightSquared, a wireless communications company that filed bankruptcy in 2012. History Harbinger was founded in 2001 by Philip Falcone and Harbert Management Corporation, a Birmingham, Alabama-based investment company that provided much of the original funding. Harbinger had funds under management of $26.5 billion (£13.4 billion) as of the end of June 2008.http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4289635.ece In 2009, Harbinger acquired the ownership of its funds from Harbert. Also in 2009, Harbinger acquired controlling stock of the Zapata Corporation from the Glazer family and changed its name to The Harbinger Group Inc. (NYSE: HRG). The hed ...
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Regina Margareten
Regina Margareten (December 20 or 25, 1863 – January 15, 1959) was a Hungarian-American entrepreneur, who became known as the "Matzoh Queen" of New York City. She immigrated to the United States in 1883, where the family set up a business which grew into Kosher food manufacturers Horowitz Brothers and Margareten Company. She was profiled several times by ''The New York Times'', and continued to attend the business until two weeks prior to her death. Career Regina Margareten was born in Miskolc, Hungary, on either December 20 or 25, 1863, to Jacob Horowitz and his wife Miral Chayah Horowitz (née Brunner), who went by the name of Mary. At birth, Margareten was known as both Rebush and Hannah Rivka. Her father was a paternal descendant of Shmelke Horowitz from the Nikolsburg Hasidic dynasty. While pregnant, she emigrated with her husband Ignatz Margareten and her parents in 1883 to the United States, where they settled in New York City. They opened a grocery store on the Lowe ...
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Streit's
Aron Streit, Inc. (sold under the name Streit's) is a kosher food company founded in Manhattan, New York City, best known for its matzo. It is the only family-owned and operated matzo company in the United States, and distributes matzo in select international markets. It holds about 40 percent of the United States matzo market with its major competitor, New Jersey based Manischewitz. The factory follows strict kosher laws. Only shomer Shabbat ( Sabbath-observing) Jews are allowed to touch the dough. However, once the dough is baked, people of any religion and non-shomer Shabbat Jews are allowed to touch the matzo. The entire process of making the matzo is under Rabbinic supervision. During Passover, Jews are not allowed to eat leavened bread, so the dough must be baked within 18 minutes before it has had time to rise. If the dough sits for longer than this, it is considered chametz – no longer kosher for Passover – and must be discarded. History The company was founded i ...
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Price Fixing
Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The intent of price fixing may be to push the price of a product as high as possible, generally leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied. Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders. For example, manufacturers and retailers may conspire to sell at a common "retail" price; set a common minimum sales price, where sellers agree not to discount the sales price below the agreed-to minimum price; buy the product from a supplier at a specified maxi ...
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New York Metropolitan Area
The New York metropolitan area, also commonly referred to as the Tri-State area, is the largest metropolitan area in the world by urban area, urban landmass, at , and one of the list of most populous metropolitan areas, most populous urban agglomerations in the world. The vast metropolitan area includes New York City, Long Island, the Mid and Lower Hudson Valley in the State of New York; the six largest cities in New Jersey: Newark, New Jersey, Newark, Jersey City, New Jersey, Jersey City, Paterson, New Jersey, Paterson, Elizabeth, New Jersey, Elizabeth, Lakewood, New Jersey, Lakewood, and Edison, New Jersey, Edison, and their vicinities; and six of the seven largest cities in Connecticut: Bridgeport, Connecticut, Bridgeport, Stamford, Connecticut, Stamford, New Haven, Connecticut, New Haven, Waterbury, Connecticut, Waterbury, Norwalk, Connecticut, Norwalk, and Danbury, Connecticut, Danbury, and the vicinities of these cities. The New York metropolitan area comprises the geograp ...
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New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware River and Pennsylvania; and on the southwest by Delaware Bay and the state of Delaware. At , New Jersey is the fifth-smallest state in land area; but with close to 9.3 million residents, it ranks 11th in population and first in population density. The state capital is Trenton, and the most populous city is Newark. With the exception of Warren County, all of the state's 21 counties lie within the combined statistical areas of New York City or Philadelphia. New Jersey was first inhabited by Native Americans for at least 2,800 years, with the Lenape being the dominant group when Europeans arrived in the early 17th century. Dutch and Swedish colonists founded the first European settlements in the state. The British later seized control o ...
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Cuvier Press Club
The Cuvier Press Club was a Cincinnati, Ohio social club created in 1911 when the members of the Cuvier Club merged with the members of the Pen and Pencil Club. From 1911 to 1938, the club was located on Opera Place. In 1938, the club moved to 22 Garfield Place, which would come to be known as the Cuvier Press Club. Among other activities, the Club held an annual Halloween parade, which was attended by a crowd of approximately 50,000 in downtown Cincinnati, all of whom were presumably unaware of the fear that gripped the nation during the infamous 1938 "War of the Worlds" radio broadcast by Orson Welles. A 1947 article from the Cincinnati Post includes a note that, during a 2-day time period, the club had experienced the deaths of 3 of its members: William C. Lambert, Stuart Heckerman, and Don G. Gardner. Notable members *Edward G. Feinthel, WLW executive *Allen Lishawa, Ohio deputy tax commissioner *Arthur C. Church, attorney and former prosecutor for the city of Wyoming (OH) *J ...
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