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To turn Pocahontas Food Group into a reality, Sledd and Gray approached three Pocahontas Foods USA members in 1987.
Kenneth O. Lester, meanwhile, was still considering Kraft Foodservice's offer, but by July 1988 he had decided to bring his $58-million-in-sales company into the Pocahontas Food Group fold.
1988: K.O. Lester Co. is acquired; Kenneth O. Lester is named chairman.
The company was acquired by Performance Food Group Inc., which became publicly traded in 1993.
1993 IPO Fuels Expansion
Before the company renewed its acquisition campaign, however, it suffered through a difficult 1994.
By the end of 1997, sales towered at $1.2 billion, nearly doubling in two years' time.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hudson Home Health Care, Inc. | - | $33.5M | 100 | - |
| BOSS Facility Services | 2001 | $5.3M | 15 | - |
| garcoa | 1983 | $100.0M | 375 | - |
| St Joseph Packaging | - | $10.0M | 2 | - |
| Nor-Ell, Inc. | - | $3.0M | 35 | 2 |
| Bright Glow Candle | - | $730,000 | 50 | - |
| Rogers Jewelry Co | - | - | - | - |
| ELG Metals | - | $101.2M | 235 | - |
| KBC Tools & Machinery | 1965 | $27.0M | 75 | - |
| Pioneer Circuits | 1981 | $34.0M | 375 | 10 |
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Kenneth O. Lester Company, Inc. may also be known as or be related to Kenneth O Lester Company Inc, Kenneth O. Lester Company, Kenneth O. Lester Company Inc. and Kenneth O. Lester Company, Inc.