our recipe llc trading name the wendy s company type public company traded as nasdaq wen industry restaurants founded 1890 1929 headquarters 1 dave thomas blvd dublin ohio u.s. area served worldwide key people nelson peltz chair peter may vice chair emil brolick president & ceo 1 todd penegor cfo 2 revenue 2 billion usd 2014 3 net income 479.74 million usd 2008 4 number of employees 37 000 2 500 salaried 34 500 hourly 5 subsidiaries wendy s international website www.wendys.com wendy s and the wendy s company corporate headquarters the wendy s company quality is our recipe llc is an american holding company for the major fast food chain wendy s. its headquarters are in dublin ohio . 6 the company was known as deisel wemmer co. from 1884 to 1929 deisel wemmer gilbert corporation from 1929 to 1946 dwg cigar corporation from 1946 to 1966 dwg corporation from 1966 to 1993 triarc companies inc. from 1993 to 2008 and wendy s arby s group inc. from 2008 to 2011 . the company s principal subsidiary wendy s international is the franchisor of wendy s restaurants . the company is also a franchisor of t.j. cinnamons and the pasta connection owns 243 t.j. cinnamons outlets and 6 pasta connection outlets and is a minority owner 18.5 % of the arby s fast food roast beef sandwich chain . contents 1 history 1.1 dwg years 1.2 triarc 1.3 wendy s arby s 1.4 the wendy s company 2 references 3 external links history edit dwg years edit the wendy s company traces its history back to several predecessors the oldest of which deisel wemmer co. a cigar manufacturer and importer based in ohio was founded in 1884 . by january 23 1929 deisel wemmer incorporated as deisel wemmer gilbert corporation dwg when acquired by an investment group . dwg was a small outfit and just to keep up market share purchased other small cigar companies like odin cigars in 1930 and the bernard schwartz cigar corporation in 1939 . the company on may 15 1946 changed its name to a simple name dwg cigar corporation . another series of acquisitions started in 1948 with the nathan elson company following with a. sensenbrenner & sons in 1955 and in 1956 chicago motor club cigar and reading pennsylvania based yocum brothers . with the weaking of the cigar market due to medical advisories many smokers switch to cigarettes which were then believe to be safer . dwg then steamlined cigar operations and began looking for other businesses that might suite dwg s wholesale and distribution strength . the new york stock exchange delisted dwg in 1965 after an attempt at purchasing allegheny pepsi bottling company failed . dwg thus free from nyse reporting requirements sold their remaining cigar operations or closed them in 1966 . renamed as dwg corporation dwg used its cash from the cigar operation sale to purchase a 12 % share of the national propane corporation . security management company headed by victor posner a major investor in dwg saw potential with the company as it was bold to sell its main operation . posner saw it as a good takeover vehicle and became the controlling interest of dwg . 7 acquisition industry year stake national propane corporation gas 1966 12 % share wilson brothers shirtmaker january 1967 controlling interest national propane corporation gas 1967 77 % southeastern public service company medium size utility maintenance and storage company 1969 40 % southeastern public service company medium size utility maintenance and storage company 1970 11 % graniteville company textile manufacturer 1982 51 % axia incorporated 1984 25 % evans products fiber group 1984 fischbach corp. electrical contracting 1985 7 southeastern public service company subsidiaries acquisition industry year stake rc cola beverages 1984 100 % arby s fast food chain 1984 100 % a texas grapefruit grove produce 1984 7 posner usually placed himself as chairman of the board and president of each company that his security management company subsidiaries dwg or nvf a vulcanized fiber manufacturer that controls the other half of posner s companies . so while collecting reasonable compensation at each company posner s overall compensation surpassed major corporation executive pay like general motors . nvf controlled sharon steel corporation one of the country s largest specialty steel manufacturers which led to legal trouble . posner sat on sharon steel s pension trustee board and directed the pension board to invest in posner owned properties . in 1971 the sec sued after which posner then agreed not to sit on any pension board for any of his companies . posner basically let those companies that could get by with minimum maintenance and nothing more do just that . with the run of acquisitions from 1982 and 1985 dwg faced heavy debt . posner approached one of his backers carl lindner jr. for assistance . instead in 1986 lindner s american financial corporation had acquired warrants for more than 30 percent of dwg s shares . linder backed down from exercising the warrants but forced posner to reduce his pay from dwg . posner also started selling off dwg assets foxcroft and enro shirt groups and the citrus operation . a deal for royal crown fell through . 7 an investor that posner contacted to help get sharon steel out of bankruptcy indicated that his lawyer andrew heine might want to buy fischbach corp. just short of fischbach being sold heine s granada investments company made a bid for all of dwg at 22 per share . posner converted all dwg options into voting shares but was unable to vote them due to an ohio judge s order . granada sued posner for not taking the bid serious and posner sued back stating the bid had no merit . posner lost the case in 1991 and was forced to pay 5.5 million to granada . further more the judge noting other investigations in illegal stock trading in the fischbach acquisition and of posner s compensation added three court appointed directors to dwg s board as audit compensation and intercorporate transactions committees . 7 posner stopped the appointed directors from presenting their report to the full board forcing judge lambros to convert 50 % of security management company ownership in dwg to preferred shares and to sell the remaining common stock . posner resigned as chair of dwg in 1992 and sold his shares to trian group a new york based investment partnership led by nelson peltz and peter may . shareholders agreed to drop their longstanding lawsuits claiming that dwg was raided and stripped . 7 triarc edit in 1993 dwg s name was changed to triarc companies inc. peltz served as ceo of the company from 1993 through 2007 during which time the company sold several holdings in order to focus on food and beverage operations after initially deciding on focusing on soft drinks fast food textiles and liquefied petroleum gas . 7 triarc in august 1995 purchased mistic brands inc. from joseph victori wines inc. for 97 million adding to its beverage holdings of royal crown cola and turned mistic brands around with the addition of new products . triarc sold off its textiles by 1997 . 7 in 1997 triarc acquired snapple beverages from quaker oats which had bought the company from leveraged buyout firm thomas h. lee partners in 1994 for 1.7 billion . quaker discontinued the wendy the snapple lady wendy kaufman advertisements and sold snapple to triarc for 300 million in 1994 . triarc reintroduced wendy the snapple lady . 8 cable car beverage corporation maker of stewart s root beer and other flavors was purchased by triarc in november 1997 . 9 national propane corporation was sold in 1999 . 7 snapple mistic and stewart s formerly cable car beverage was sold by the company to cadbury schweppes in 2000 for 1.45 billion 8 in october of that same year cadbury schweppes purchased royal crown from triarc . 10 wendy s arby s edit on april 24 2008 triarc announced the acquisition of wendy s the international fast food company . the transaction was part of the company s strategy to transition from a holding company for varied businesses into a true food and beverage company . 11 the purchase was finalized on september 15 2008 when shareholders of both triarc and wendy s agreed to the terms . as part of the terms the name was changed to wendy s arby s group inc. 12 the wendy s company edit in january 2011 the group announced it was divesting itself of the arby s chain which had seen lackluster sales growth since the acquisition of wendy s in 2008 . 13 14 it was officially announced the companies had split on january 21 2011 . 15 on june 13 2011 wendy s arby s group inc. announced that it would sell the majority of its arby s chain to roark capital group maintaining an 18.5 % stake in the company . 16 on august 2011 the wendy s company announced it would move its corporate headquarters from sandy springs georgia to their dublin restaurant support center wendy s international s headquarters in dublin ohio . this resulted in 50 jobs being moved to ohio . on december 1 2011 the company announced it would close the atlanta restaurant support center in sandy springs and consolidate all headquarters operations to the dublin restaurant support center in ohio . this resulted in an additional 170 jobs being moved from sandy springs to dublin . 6 references edit the wendy s company names emil brolick president & chief executive officer . aboutwendys.com . the wendy s company . retrieved 14 december 2012 . maze jonathan . wendy s ceo emil brolick to retire . nrn.com . nation s restaurant news . retrieved 5 october 2015 . jargon julie . wendy s ceo to retire ; finance chief tapped as successor . wsj.com . the wall street journal . retrieved 5 october 2015 . wen wendy s arby s group inc. google finance . retrieved 2009 06 02 . wendys.com https www.wendys.com en us about wendys investor faqs . retrieved 5 october 2015 . missing or empty title help a b the wendy s company consolidating world headquarters in dublin ohio a b c d e f g h i triarc companies inc. company history . funding universe . retrieved 2008 06 17 . a b holson laura m. september 18 2000 . cadbury to pay 1.45 billion for snapple . new york times . retrieved 2008 06 18 . hoover s profile triarc companies inc. . retrieved 2008 06 18 . royal crown cola company . new georgia encyclopedia . september 15 2006 . retrieved 2008 06 18 . triarc owner of arby s to buy wendy s . the new york times . april 24 2008 . retrieved 2011 08 17 . triarc and wendy s shareholders approve merger . callan james ; patton leslie march 3 2011 . wendy s gains after saying arby s sale may boost profit . bloomberg . retrieved march 5 2011 . wendy s arby s group considers sale of arby s chain dailyfinance . dailyfinance.com . retrieved january 20 2011 . american fast food from supersize to downsized yahoo . yahoo . retrieved january 21 2011 . jargon julie ; gasparro annie june 13 2011 . wendy s parts with arby s roast beef chain . the wall street journal . external links edit atlanta portal ohio portal companies portal food portal official website v t e wendy s people dave thomas wendy thomas john t. schuessler clara peller products frosty frescata bacon deluxe baconator big classic advertising where s the beef retrieved from https en.wikipedia.org w index.php title the wendy % 27s company & oldid 740415005 categories holding companies of the united statesprivate equity portfolio companiescompanies listed on nasdaqcompanies based in dublin ohiocompanies based