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Goya Foods company history timeline

1951

Two years later, in 1951, GOYA® began to sell its products in Puerto Rico, as GOYA® Puerto Rico.

1953

The company grew, and in 1953, due to increased sales and the need to expand its production, GOYA® acquired new land in the municipality of Bayamón.

1957

Four years later, in 1957, GOYA® grew and received authorisation from the United States Department of Agriculture (USDA) for processing meat.

1966

In 1966 it began production of the GOYA® marinade and other spices that were very well received by consumers from Puerto Rico and the United States.

1968

Revenues, which had increased 35 percent annually for the last four years, came to more than $20 million in 1968 for the company's 650 items.

1969

By 1969 Goya Foods was selling to food stores in the Midwest as well as along the East Coast from Boston to Miami, servicing 7,000 accounts through 67 Spanish-speaking salesmen.

1971

In 1971, the group established GOYA® Santo Domingo in the Dominican Republic.

1976

When Prudencio Unanue died in 1976, he left Goya to his sons, Joseph, Charles, Francisco and Anthony.

1977

And Caribbean-oriented Goya had completely failed to crack the rapidly growing Mexican food market with the product line it introduced about 1977.

1979

By 1979 Goya Foods had almost 1,000 employees and estimated annual sales of $90 million.

1981

By the end of 1981, when Goya's estimated revenues of $150 million made it the largest Hispanic-run firm in the country, it had 9,300 clients and 120 salesmen.

1982

Rice and beans each were accounting for about 15 to 20 percent of Goya's sales in 1982.

1983

Island Can Corp gradually expanded its can production lines, with a total of three in 1983.

1984

A new push in 1984, emphasizing foods that were both healthy and expensive, was aimed partly at the children and grandchildren of Hispanic immigrants.

1985

In 1985 the company opened a distribution center in Tampa and raised its estimated annual revenue to $250 million, with Hispanics accounting for close to 90 percent and the East Coast for 80 percent of mainland United States sales.

1986

After this line failed, too, the company, in 1986, imported some foods from Mexico to sell in the Houston area, where it opened a warehouse.

1991

In 1991 Goya tried again, buying a Houston distributor of Mexican food that it hoped would teach it how to reach the market.

1993

The Unanues had a combined net worth estimated at $400 million in 1993.

1994

In 1994 Goya's product mix was even more varied and exotic, including tostones (fried green plantains) from Honduras, nopalitos (sliced cactus) from Mexico, and harina pan, a Venezuelan corn flour used to make arepas, somewhat similar to English muffins.

1995

By 1995 sales had topped the $500 million mark and the company had 85 inventory control numbers for its bean products alone.

1997

These flavors were introduced in 1997, along with mandarin orange, fruit punch, tamarind, and lemon-lime.

In an effort to reach out to non-Hispanic customers, Goya recast its labels in 1997 to include the English as well as Spanish name of each product on the front, instead of the back, as previously.

1998

By 1998, the company produced about 800 food items (including rice, beans, sauces, and spices), had 2,000 employees, and about $700 million in revenue.

2004

Robert Unanue has been the chief executive since 2004.

2005

Yet it wasn't until 2005 that Bob Unanue and his brother Peter, the vice president of the company, hired Grey Group's Wing agency in New York City to explicitly reach out to non-Latinos.

In 2005, Goya launched a 10-year strategic plan and invested $500 million in a global expansion, designed to reach new consumers and strengthen the Goya brand worldwide.

2011

In 2011, President Barack Obama honored Goya for its continued success and commitment to the Hispanic community, the only company to ever be honored by the President.

2012

In 2012, Goya collaborated with First Lady Michelle Obama and the USDA to launch the MyPlate/ MiPlato campaign.

In 2012, the company began construction on a $127 million distribution center in the industrial Meadowlands area of Jersey City, backed by state tax incentives that aided the company in its move from Secaucus to the Jersey City site.

2013

Joseph Unanue retained a significant stake in the company, and retained a seat on its board; he died in 2013.

2018

In 2018, Goya was ranked #2 as a leading United States food brand for its social influence and community support, according to TotalSocial rankings.

2019

In 2019, Goya had talks with The Carlyle Group about a possible buyout; the company ultimately decided not to sell itself to The Carlyle Group.

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Founded
1936
Company founded
Headquarters
Jersey City, NJ
Company headquarter
Founders
Prudencio Unanue Ortiz,Carolina Casal
Company founders
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Goya Foods history FAQs

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Goya Foods may also be known as or be related to GOYA Food Inc., Goya Foods, Goya Foods Inc. and Goya Foods, Inc.