Gerber
Nestle announced in 2007 that it planned to spend $5.5 billion on the purchase of Gerber Products Company, a baby diaper manufacturer. It was the right decision because the Swiss company gained the largest market share in the baby food industry as a result. Of course, the business has come a long way since its humble beginnings in New Jersey! It is a highly profitable market to be a part of.
Gerber
Since 1927, when Daniel Frank Gerber’s wife began preparing baby food for their daughter Sally, who was born the same year, the baby food shop has been in operation. He came up with the idea of selling the goods, and they quickly came up with five new items to sell.
Citgo
Citgo, which began operations in Oklahoma in 1910, has evolved into a major marketer and refiner of fuels and other products. Petróleos de Venezuela, a Venezuelan company, bought half of it in 1986 and became the company’s parent company, which it remains today. Unfortunately, things haven’t been going well for it recently.
Citgo
President Hugo Chavez announced his intention to sell his shares in Citgo, claiming the company was doing “poor business” due to declining profitability. They decided to sell bonds instead, so the sale was canceled. The South American country went through a recession in 2013 that it was unable to recover from. It was offered to Russia as collateral for a loan, but the project’s future is uncertain.
