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Home > Company Index > Food, Beverage & Tobacco > Diversified Food - Major > Bestfoods

Bestfoods
 NEWS FROM THE STANDARD
Food for Thought
Jun 12 2000 12:00 AM PDT

 PROFILE
Bestfoods believes it is aptly named, since several of its brands are market leaders. In the US its #1-ranked brands include Hellmann's mayonnaise and Mazola cooking oil. Other well-known brands produced by Bestfoods include Karo corn syrup; Knorr soups, sauces, and bouillons; and Skippy peanut butter. The company has production facilities in some 60 countries and sells its products in about 110. (In foreign countries, Bestfoods' food service unit operates under the Caterplan name.) Bestfoods was purchased by consumer products monolith Unilever for $20.3 billion in 2000. Its baking operations (Entenmann's, Oroweat) have been sold to George Weston; it is also selling 15 North American brands, including Mazola and Karo.

 COMPETITION
Campbell Soup Company (CPB)
Kraft Foods Inc. (KFT)
The Procter & Gamble Company (PG)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 8,637.00
1-Yr. Sales Growth: 3.1%
Employees: 44,000
Revenue per employee: $196,295.45

 KEY PEOPLE
• Charles R. Shoemate
    CEO
• Harry Elliott
    CFO

 CONTACT INFO
700 Sylvan Ave., International Plaza
Englewood Cliffs, NJ 07632
US
Phone: 201-894-4000
Fax: 201-894-2186
Online: Web Site

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