| Business Summary | | Opta
Food
Ingredients,
Inc.
is
a
manufacturer
and
marketer
of
proprietary
food
products
worldwide
to
food
processors
that
focus
on
the
dairy,
dressings
and
sauces,
cereals,
meat
and
baked
goods
industries.
Opta
applies
advanced
enzymology,
protein
and
carbohydrate
chemistries
to
develop
innovative
food
ingredient
products
such
as
fat
replacers,
bulking
agents
and
other
texturizing
agents
that
solve
specific
customer
problems.
Opta
creates
its
products
through
the
modification
of
inexpensive,
readily
available
raw
materials
to
produce
food
ingredients
that
it
considers
to
be
Generally
Recognized
As
Safe
under
current
U.S.
Food
and
Drug
Administration
regulations.
Opta's
products
are
used
in
more
than
50
different
applications
by
over
350
customers,
including
12
of
the
20
largest
U.S.
consumer
packaged
food
companies
and
three
of
the
world's
largest
quick-service
restaurant
chains. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OPTS
is
an
innovator,
manufacturer
and
marketer
of
proprietary
texturing
products
sold
to
food
processors
in
North
America
who
focus
on
the
dairy,
dressings/sauces,
meat
and
baked
goods
categories.
For
the
six
months
ended
6/30/01,
revenues
remained
flat
at
$13.3
million.
Net
loss
rose
from
$324
thousand
to
$811
thousand.
Revenues
reflect
a
reduction
in
sales
to
a
major
quick
service
restaurant
customer.
Higher
loss
reflects
higher
cost
of
revenues
as
a
percentage
of
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Arthur McEvily, Ph.D., 49 Pres,
CEO, Director | $215K | Scott Kumf, 44 COO,
Chief Financial Officer, Treasurer, Assistant Sec. | 190K | Joel Stone, 48 VP
of Operations and Manufacturing | 172K | Dollar amounts are as of 31-Dec-2000 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
|
|