Ralston Purina Company was a St. Louis, Missouri,–based American conglomerate with substantial holdings in

animal feed Animal feed is food given to domestic animals, especially livestock, in the course of animal husbandry. There are two basic types: fodder and forage. Used alone, the word ''feed'' more often refers to fodder. Animal feed is an important input to ...

, food,

pet food Pet food is animal feed intended for consumption by pets. Typically sold in pet stores and supermarkets, it is usually specific to the type of animal, such as dog food or cat food. Most meat used for animals is a byproduct of the human food ind ...

, consumer products, and entertainment. On December 12, 2001, it

merged Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

with

Swiss Swiss may refer to: * the adjectival form of Switzerland *Swiss people Places * Swiss, Missouri *Swiss, North Carolina * Swiss, West Virginia *Swiss, Wisconsin Other uses * Swiss-system tournament, in various games and sports * Swiss Internation ...

food-giant Nestlé's Friskies division to form Nestlé Purina PetCare Company.

History

Ralston Purina (originally Ralston-Purina) traces its roots to 1894, when founder William H. Danforth established the animal feed company

Purina Mills Purina Mills, LLC is the farm animal feeds unit of Land O' Lakes. It was previously part of Ralston Purina, until the U.S. animal feeds portion was first sold in 1986. History Purina traces its roots back to 1894, when founder William H. Da ...

. Danforth formed a partnership with George Robinson; William Andrews entered the business of feeding farm animals by founding the Robinson-Danforth Commission Company. Its predominant brand for each animal was generally referred to as "Chow"; hence "Purina Horse Chow", "Purina Dog Chow", "Purina Cat Chow", "Purina Rabbit Chow", "Purina Pig Chow", and "Purina Monkey Chow". Later, the company began producing cereal, which received endorsement by Webster Edgerly, founder of Ralstonism, to market Ralston breakfast cereals. Edgerly was at the time promoting the consumption of whole-grain cereal. These cereals became so successful that the name of the enterprise was changed in 1902 to the Ralston-Purina Company. In 1986, Ralston Purina sold Purina Mills, its US animal feed business, to British Petroleum. Purina Mills is now owned by

Land O'Lakes Land O'Lakes, Inc. is an American member-owned agricultural cooperative based in the Minneapolis-St. Paul suburb of Arden Hills, Minnesota, United States, focusing on the dairy industry. The cooperative has 1,959 direct producer-members, 751 ...

. In 1994, the Ralston "human food" operations of the Ralston Purina Company were spun off into a new company called Ralcorp Holdings. In 1998, Ralston Purina spun off its international animal feed business as Agribrands, which was acquired by

Cargill Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in te ...

in 2001. The animal feed businesses continue to use the Purina and Chow brands, which Purina Mills and Cargill license for use in the US and internationally, respectively.

Merger with Nestlé

Ralston Purina became the subject of an acquisition bid by

-based

Nestlé Nestlé S.A. (; ; ) is a Switzerland, Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest publicly held food company in the world, measured by revenue and other me ...

, whose Friskies brand was the other leading US brand of pet food. Nestlé S.A. and Ralston Purina announced in January 2001 a definitive merger agreement. Under the agreement, Nestlé acquired all of Ralston Purina's (NYSE: RAL) outstanding shares for US$33.50 per share in cash. The offer represented a premium of 36% over the closing price on Friday, January 12, 2001. The transaction had an

enterprise value Enterprise value (EV), total enterprise value (TEV), or firm value (FV) is an economic measure reflecting the market value of a business (i.e. as distinct from market price). It is a sum of claims by all claimants: creditors (secured and unsecured) ...

of US$10.3 billion ($10.0 billion equity plus $1.2 billion of net debt, minus $0.9 billion of financial investments). Several brands of pet food (e.g., " Meow Mix") had to be divested separately to meet

antitrust Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust ...

concerns. Purina brands are now made and marketed by a division of Nestlé (Nestlé Purina PetCare) which is still headquartered in St. Louis. While primarily a pet-food company, Ralston Purina also made some other pet-related products, such as Tidy Cats brand and Yesterday's News cat litter, which is made from recycled newspaper, purchased from Edward Lowe Industries in 1990. Also, Purina has honoured several Canadian animals every year since 1968 in their Animal Hall of Fame. The latest inductees included a police service dog which "rushed and subdued an armed robber".

Acquisitions and diversifications

In 1974, Ralston Purina purchased and further developed the Keystone Resort in Colorado. "Checkerboard Flats" for kids and beginners at Keystone still bears their logo. In 1993, Ralston Purina also bought Breckenridge ski area for an undisclosed amount, from Victoria U.S.A. Inc, a Japanese sporting goods retailer. However, both ski resorts were sold in 1997 to Vail Resorts for $331 million. In 1977, Ralston Purina acquired Missouri Arena Corporation and the

St. Louis Blues The St. Louis Blues are a professional ice hockey team based in St. Louis. The Blues compete in the National Hockey League (NHL) as a member of the Central Division in the Western Conference. The franchise was founded in 1967 as one of the ...

National Hockey League The National Hockey League (NHL; french: Ligue nationale de hockey—LNH, ) is a professional ice hockey sports league, league in North America comprising 32 teams—25 in the United States and 7 in Canada. It is considered to be the top ranke ...

franchise. During the company's ownership of the team, they changed the name of the St. Louis Arena to the Checkerdome, reflecting the Ralston Purina logo. The franchise was sold to Harry Ornest on July 27, 1983. Ralston Purina purchased the Eveready Battery Company in 1986, owner of the Eveready and Energizer brands. The company was spun off in 2000. Ralston Purina purchased

Continental Baking Company The Continental Baking Company was one of the first bakeries to introduce fortified bread. It was the maker of the Twinkie and Wonder Bread. Through a series of acquisitions and mergers it became part of the former Hostess Brands company. Hist ...

, makers of Wonder bread and Hostess cakes, from

ITT ITT may refer to: Communication * Infantry-Tank Telephone, a device allowing infantrymen to speak to the occupants of armoured vehicles. Mathematics *Intuitionistic type theory, other name of Martin-Löf Type Theory *Intensional type theory B ...

in 1984. Ralston spun off Continental Baking Company, subsequently bought by Irving, Texas–based Interstate Brands Corporation (IBC). Ralston Purina opened test market pizza stores called Checkerboard Pizza in 1986. The format was similar to Domino's and Little Caesars. They opened the stores in markets such as Moorhead, Minnesota, to test how the Midwestern market would accept the concept. They did well, but Ralston Purina decided not to enter the pizza franchise business and closed all pilots by late 1987. Ralston Purina also owned

Jack in the Box Jack in the Box is an American fast-food restaurant chain founded February 21, 1951, by Robert O. Peterson (1916–1994) in San Diego, California, where it is headquartered. The chain has over 2,200 locations, primarily serving the West Coast ...

fast food restaurants from 1968 to 1985, along with several high-end restaurants. Ralston Purina owned Van Camp Sea Food Company from 1963 to 1988, a tuna cannery with Chicken of the Sea as its main product. Ralston Purina owned an animal pharmaceutical company in the 1970s and 1980s.

Logo

Ralston Purina's "checkerboard"

trademark A trademark (also written trade mark or trade-mark) is a type of intellectual property consisting of a recognizable sign, design, or expression that identifies products or services from a particular source and distinguishes them from ot ...

was introduced in 1902. It was inspired by William Danforth's childhood memory of a family dressed in clothing made from the same bolt of checkerboard cloth. The company's headquarters was called Checkerboard Square. Danforth used the design as the visualization of a concept put forth in his book ''I Dare You'', in which he proposed that four key components in life ("Physical", "Mental", "Social", and "Religious") need to be in balance, and one area was not to develop at the expense of the others. In 1921, the design inspired the design of feed that was pressed in cubes, called "checkers".

References

External links