Gerber
In 1927, Gerber was founded by Daniel Frank Gerber’s wife began making baby food for their daughter and he decided to sell it. By 2007, Nestle announced that it was buying Gerber Products Company for $5.5 billion, which was a smart move for Nestle, as the baby food market is known to be very profitable.
Gerber
Citgo
Founded in 1910 in Bartlesville, Oklahoma, Citgo became a successful fuel refiner and marketer. In 1986, Petróleos de Venezuela acquired 50% of the company and it became its parent company. In 2010, President Hugo Chvez announced plans to sell Citgo, as he called it “bad business.” However, this never went through, and by 2013, the country fell to such bad economic times that Venezuela offered Citgo to Russia as debt collateral, meaning it has a very uncertain future.
Citgo
