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  September 5, 2001
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Home > Company Index > Food, Beverage & Tobacco > Diversified Food - Other > Genesee Corporation

Genesee Corporation
Nasdaq: GENBB
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 PROFILE
Genesee's days of sweet success are nearly over. The firm has sold its Genesee Brewing subsidiary, which was founded in 1878, to its management. The subsidiary made Genesee- and Genny-brand beers, produced craft beers (Michael Shea's, JW Dundee), and contract brewed for The Boston Beer Company. Its brews were sold in North America. Brewing accounted for about two-thirds of the parent company's revenues (the sale marked the exit of the founding Wehle family's 70-year presence in brewing). Genesee is looking for a buyer for its other subsidiary, which makes food artificial sweeteners, hot cocoa, and soups (mainly under private labels). The family of former chairman John Wehle Jr. controls 61% of the voting stock.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: April
2000 Sales (mil.): 45.50
1-Yr. Sales Growth: (74.5)%
Employees: 627
Revenue per employee: $72,567.78

 KEY PEOPLE
• Stephen B. Ashley
    CEO
• Mark W. Leunig
    CFO

 CONTACT INFO
600 Powers Bldg.,
Rochester, NY 14614
US
Phone: 716-454-1250
Fax: 716-454-1297

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