(Last Updated On: April 15, 2015)
Good food is amazing. Restaurants charge outrageous fees for it. Some chefs become rock stars attributable to their ability to make it. Some brands become absolute must-haves as a result of everything they make tastes fabulous. In fact, there are a couple of brand names that became veritable food establishments. interestingly, a lot of these long-lasting corporations are family-owned and operated, a rarity in today’s corporate world. These “first families of food” are making our tummies happy for generations, in some cases, and they became terribly rich, and surprisingly powerful, because of this. Listed below are the family-owned food corporations that fill our stomachs… and empty our wallets.
You can’t actually go wrong with alcohol. Well… you can… however, as far as a money-making venture, manufacturing good alcohol is pretty much a guaranteed win. This is a fact to which these 3 production families can agree to.
The Busch Family of Anheuser-Busch – Worth: $8.6 billion
Anheuser-Busch came to be once Aldolphus Busch, a German immigrant, bought a brewery supply company in St. Louis, Missouri in 1857. Once he had the supply company, he required some beer, therefore he purchased a brewery from one of the brewers who used his supply company, Eberhard Anheuser. His new brewery, currently referred to as Anheuser-Busch, would come to be one of the most booming breweries within the United States. It absolutely was also the primary way to use pasteurization as a part of the bottling method.
The company grew in leaps and bounds between the mid-40s and the mid-70s. By 1957, they were the biggest brewery within the us. They owned the St. Louis Cardinals from 1953 to 1996. They ran ten amusement parks in the US till 2009. They also went international in 1981, opening multiple breweries and offices in China and also the U.K. the company stayed family owned till 2008, when InBev, a Brazilian beer conglomerate, got into a relatively hostile takeover of the corporate. after months in court, and intense negotiation, Anheuser-Busch sold to InBev for $52 billion. the mix of InBev and Anheuser-Busch, made the biggest brewer all over the planet.
The Yeungling Family of D.G. Yeungling and Sons
Worth: Unknown, but the CEO a 6th Generation Yeungling is worth $1.3 billion
D.G. Yeungling and Sons began once David Gottlob Jungling moved from Stuttgart to Pottsville, Pennsylvania. He changed his name to Yeungling, therefore folks might understand how to pronounce it, and opened his initial brewery, “Eagle Brewery”, in 1829. The building burned down in 1831, after he reopened it soon shortly. The name was changed to D.G. Yeungling and Sons in 1873. the company surged to the forefront in the 1970s, buoyed by a wave of nationalism caused by the U.S. Bicentennial in 1976.
The company has continued to grow since then, and currently has offices in Sunshine State, as well. unlike several U.S. brewing corporations that are currently owned by foreign beer divisions, Yeungling has stayed family-owned as a result of a family business model. every successive generation buys the company, at full market price, from the previous generation. It insures that the company remains within the family, also staying fiscally sound. it is a set up that seems to be working.
The Schell Family of August Schell Brewing Company – Worth: $50 million
This is the second oldest brewing company within the U.S., and like Yeungling (the oldest brewing company), Schell’s production has been kept within the family from the start. Launched by German migrant, August Schell, in 1860 in Ulm, Minnesota, August Schell’s brewing Company has become celebrated for its large seasonal brews and for its 2 major German holiday events, Oktoberfest and Bock Fest.
Candy and Pastry Companies
Like beer, sugar does not really goes out of style. everybody desires a little something sweet, sometimes. These 2 family-owned firms carved out major niches for themselves and nobody has been succeeded in beating them.
The Entenmann Family of Entenmann’s
Worth: Unknown, but parent company Grupo Bimbo, tops $10 billion in sales each year
Entenmann’s pastries and donuts are basically their own food group. Cheap and yummy, the boxed pastries have been popular for years. The company opened it’s doors in 1898, as a single bakery on Long Island. Originally, owned by William Entenmann, a German immigrant, the company passed from generation to generation, eventually growing into a massive plant that handled the thousands of baked goods the company produced each day.
Entenmann’s remained in the family until 2002, when it was bought out by Bimbo Bakeries USA. The unfortunately named new parent company closed down the century old Entenmann plant in Long Island in 2013. They continued producing the full line of Entenmann’s products, however.
The Mars Family of Mars, Inc. – Worth $33 billion
Sure the Mars Family created the Mars bar. However, Mars, Inc. is additionally is also an enormous variety of other popular chocolate candies. additionally, The organization has diversified into pet care, symbioscience, food, and drinks. They run offices in multiple states and are the third largest in private held company within the U.S. Even with all of their numerous subsidiaries and partner corporations, they’re still most widely recognized for their candy production.
Mars, Inc. began in 1911, once founder, Frank Mars, began making candy in tacoma, Washington. the company began to take off in the 1920s, when Mr. Mars created the milky way bar. The Mars line spread from there, and has grown to incorporate M&Ms (created by Frank Mars’ son, Forrest), Skittles, Snickers, Twix, Starburst, Dove/Galaxy, and 5. In 2008, Mars, Inc. bought out Wrigley, and the company currently produces big Red, Doublemint, Freedent, Spearmint, and Winterfresh gum, among different products, as well.
Packaged Food Companies
It’s difficult troublesome to produce food that will both survive the apocalypse and still taste pretty great. These 3 family-owned businesses have managed to try and do it. Though whether their canned and frozen food items would really survive the apocalypse has yet to be tested… their food does last for quite a while.
The Goya Family of Goya Foods – Worth: $1.3 billion
The Goya Company was born and raised in New York city. It’s nearly impossible to travel into a bodega or grocery store within the 5 boroughs of the city without there being a complete aisle dedicated to Goya product. The packaged food company was launched in 1936 by Prudencio and Carolina Unanue once they opened a Hispanic grocery on the Lower East Side. They became popular quickly, as their small grocery became known for amazing Puerto Rican food. They began selling their products to different grocery stores, and thus company grew from there.
Goya dilated into the rest of the country in the 70s, and is today being run by the third generation of Unanues. The name Goya was really purchased from the Unanue’s Moroccan sardine and olive supplier for $1, once they realized that their own name was a little difficult for individuals to pronounce. It’s currently the biggest Hispanic-owned business within the US, employing 3,500 workers and producing 2,200 product.
The Schwan Family of Schwan Food Company
If Schwan Foods had stayed with their initial food product, they would have belonged in our candy/dessert selection. The company began in 1952, once Marvin Schwan began selling ice cream out of his van. In the late 50s, the corporate grew to alternative frozen foods items, initial adding frozen juice concentrate, then frozen fish. In the 70s, they jumped on the frozen pizza wagon, initial supplying frozen pizzas to school cafeterias, then launching the Red Baron Frozen pizza line to be available in grocery stores.
The company has enlarged to include multiple brands of frozen foods, like Freschetta, Tony’s, Mrs. Smith’s, Pagoda express, and others. They also partnered with the tv show, “Top Chef”, to make consumer versions of the meals the chefs made on the show. The company today employs 15,000 folks and the last family member to run the business stopped in 2009.
The Tyson Family of Tyson Foods – Worth: $5.6 billion
Tyson Foods is most widely recognized for their low cost chicken items and canned fish. they’re the second largest food processor and vender around the world and thus largest meat producer within the world. The business began just after World War I, once company founder John W. Tyson, began raising chickens and grinding his own feed. Don Tyson, who came to be the face of the company for several years, dropped out of college to aid his father run things during the early 50s. He grew the business by leaps and bounds throughout the 80s.
The family made some of its fortune off of meat and frozen foods sales in grocery stores. However, a great source of wealth comes from the actual fact that they provide meat to a just about all fast food chain, like KFC, McDonald’s, Taco Bell, Burger King, and Wendy’s, as well as a variety of privately-owned prisons.