Gerber
In 2007, Nestle announced its intention to spend $5.5 billion on the acquisition of Gerber Products Company. It was the appropriate decision because it gave the Swiss firm the largest share of the infant food market. It’s a highly lucrative market. Since 1927, when Daniel Frank Gerber’s wife started making baby food for their daughter Sally, the baby food store has been in business. He considered selling the product, and five distinct products were shortly brought to the market. The firm has gone a long way since its humble origins in New Jersey!
Gerber
Citgo
Citgo was founded in Oklahoma in 1910 and has since grown to be a major marketer and refiner of fuels and other products. Petróleos de Venezuela, a Venezuelan business, purchased half of it in 1986 and became its parent firm. Unfortunately, things have not been going well for it. President Hugo Chavez announced his intention to sell Citgo to the world, citing “poor business” as the reason for the company’s declining earnings. Instead of selling the property, they issued bonds. The South American country was in the midst of an economic downturn in 2013. It was offered to Russia as financial collateral, but its future is unknown.
Citgo