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J.R. Simplot history
J.R. Simplot company history timeline
1956: The J.R. Simplot Company is incorporated.
In the 1960’s J.R. “Jack” Simplot teamed up with McDonald’s founder Ray Kroc to supply the fast-food chain with frozen fries.
In 1977, he and his company each paid $40,000 in penalties for failing to report income to the Internal Revenue Service, and for claiming false deductions.
In 1994, control over the J.R. Simplot Company was devolved to an office of the chairman comprising three of Simplot's children and one grandchild, keeping management of the privately owned empire within the Simplot family.
In 1995, Simplot and Nestlé SA teamed up to acquire the Pacific Brands Food division of Australia-based Pacific Dunlop Ltd.
Although he sold a significant chunk of his investment in 1996, some shares reportedly at a loss based on purchases after his initial stake, he still managed to make hundreds of millions of dollars on his Micron stock.
Demand for frozen potatoes began to falter in 2001--especially after the events of September 11th--and quick service restaurants began to experience a slowdown in frozen potato sales.
Sales: $3 billion (2002 est.)
The suit dragged on for five years, and in 2003 Simplot was forced to pay $8.2 million in damages.
2003: The company opens a french fry plant in Manitoba, Canada.
Simplot became the 89th richest American in Forbes magazine’s 2007 list ($3.6 billion) by seizing opportunities, then perceiving how one success could lead logically to the next.
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J.R. Simplot competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Britz Fertilizers, Inc. | 1948 | $5.9M | 8 | - |
| Dairy Farmers of America | 1967 | $13.5B | 18,000 | 935 |
| Stonyfield | 1983 | $5.4M | 498 | - |
| United Dairymen of Arizona | 1960 | $750.0M | 100 | - |
| Agri Mark | 1916 | $510,000 | 5 | 34 |
| Trident Seafoods | 1973 | - | 9,000 | 53 |
| Furst-McNess | 1908 | $345.3M | 350 | 11 |
| Sparboe Companies | 1954 | $30.0M | 450 | - |
| Waymouth Farms | - | $35.0M | 200 | - |
| Pacific Cheese Co. | 1970 | $500.0M | 200 | 11 |
J.R. Simplot history FAQs
Zippia gives an in-depth look into the details of J.R. Simplot, including salaries, political affiliations, employee data, and more, in order to inform job seekers about J.R. Simplot. The employee data is based on information from people who have self-reported their past or current employments at J.R. Simplot. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by J.R. Simplot. The data presented on this page does not represent the view of J.R. Simplot and its employees or that of Zippia.
J.R. Simplot may also be known as or be related to J.R. Simplot and J.R. Simplot Company.