| Business Summary | | Thorn
Apple
Valley,
Inc.
is
a
producer
of
processed
meat
and
poultry
products
(Processed
Meats).
The
Company
engages
in
the
production
and
sale
of
bacon,
hot
dogs
and
lunch
meats,
hams,
smoked
sausages
and
turkey
products.
The
Company
markets
its
products
under
premium
and
other
proprietary
brand
labels
including
Thorn
Apple
Valley,
Colonial,
Corn
King,
Wilson
Certified
and
Cavanaugh
Lakeview
Farms,
as
well
as
under
private
labels
with
major
supermarket
chains
and
other
customers.
Principal
customers
of
the
Company
include
food
wholesalers,
supermarkets,
food
service
operations
and
other
manufacturers
located
throughout
the
United
States
and
in
selected
international
markets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Thorn
Apple
manufactures
and
sells
bacon,
hot
dogs,
lunch
meats,
hams,
smoked
sausage
and
turkey
products.
The
Co.
sells
its
products
to
wholesalers,
supermarkets
and
other
manufacturers.
For
the
40
weeks
ended
3/5/99,
net
sales
fell
13%
to
$354
million.
Net
loss
from
continuing
operations
rose
from
$4.4
million
to
$31.6
million.
Results
reflect
lower
average
selling
prices
and
unit
sales,
a
$9.3
million
international
restructuring
charge,
a
$5.1
million
product
recall
charge
and
a
$3.2
million
bank
financing
charge. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Henry Dorfman, 76 Chairman | $31K | Joel Dorfman, 47 Pres,
CEO | 489K | Louis Glazier, 49 Exec.
VP Fin. and Admin. | 250K | Keith Jahnke, 44 Exec.
VP of Sales | 244K | Edward Boan, 48 Exec.
VP Pork and Labor Relations | 244K | Dollar amounts are as of 29-May-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|