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OATS Transit history
OATS Transit company history timeline
A second toy company, Louis Marx Toys, was purchased in 1972.
Stuart had successfully lessened the company's dependence on grocery products, but profits also dropped, to a low of $31 million in 1975.
By 1979 Quaker had a return on invested capital of 12.3 percent--higher than the industry average, but well below competitor Kellogg's 19.4 percent.
1979: William D. Smithburg is named CEO; overall sales reach $2 billion.
Borland Software Borland was founded in Scotts Valley, California in August 1981.
Quaker confirmed its new path with its 1983 acquisition of Stokely-Van Camp, the maker of Gatorade sports drink and Van Camp pork and beans.
Anderson Clayton & Company, purchased in late 1986, gave Quaker a 15 percent share of the pet-food market with its Gaines brand, effectively challenging Ralston Purina's lead in that market.
Products with leading market shares made up 75 percent of 1987 sales and over half came from brands that Quaker had not owned six years earlier.
In response, the company announced in April 1989 that it would repurchase seven million of its nearly 80 million outstanding shares, and that July, Smithburg reassigned some managerial duties.
In 1909, the company used new machines to produce its “Puffed Rice” and “Puffed Wheat” ready-to-eat cereals, which proved popular. Its “Gatorade” sports drink brand became an immensely popular and profitable product and helped push Quaker's global workforce up to 32,000 by 1989.
Quaker's international sales continued to be a significant percentage of the company's total, and in 1991, the company restructured both its European and Latin American operations to focus marketing on a continental, as opposed to a country-by-country, basis.
1993: Company acquires the Near East rice and pasta product brand.
However, according to Supermarket Business magazine, this move had no impact on sales for the 52-week period ended September 8, 1996.
During the same period, the company reported a loss of $931 million, as opposed to a profit of $248 million in 1996.
As of 1996, Quaker's European business consisted of hot and cold cereals and Gatorade, and both areas had relatively low market shares according to one market analyst's report.
———. "quaker puts $15m into indulgence-oriented rice cakes." brandweek, 2 march 1998.
These and other moves led to $65 million in savings during 1998.
Some applauded the restructuring Morrison began in early 1998.
Officers: Robert Morrison, Chmn. & CEO, 1998 salary $950,000, bonus $1,000,000; Robert S. Thomason, Sr.
New products for 1998 included Fruit & Oatmeal Cereal Bars in strawberry, blueberry, and apple cinnamon; Peanut Butter Crunch Cap'n Crunch Bars; and two new rice cake flavors, Caramel Chocolate Chip and Peanut Butter.
The sale of the troubled Adria pasta brand followed in 1999.
The company changed its name to Quaker Foods and Beverages after being acquired by PepsiCo, Inc., in 2001.
"The Quaker Oats Co. ." Company Profiles for Students. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/economics/economics-magazines/quaker-oats-co
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OATS Transit competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| A&A Metro Transportation | 1952 | $8.8M | 100 | 3 |
| Transportation America | 2001 | $140.0M | 1,162 | - |
| Paratransit | 1978 | $50.0M | 220 | - |
| Veterans Transportation Services | 2008 | $39.0M | 230 | - |
| Reliable Transportation Solutions | 2006 | $2.7M | 50 | 3 |
| SCR Medical Transportation | 1986 | $51.0M | 250 | - |
| Tri-State Expedited Service | 1978 | $8.6M | 68 | 6 |
| Railcrew Xpress | 2005 | $1.0B | 4,500 | 97 |
| American Executive Transportation | 1999 | $1.4M | 15 | 13 |
| Provide A Ride | 1989 | $5.3M | 88 | 14 |
OATS Transit history FAQs
Zippia gives an in-depth look into the details of OATS Transit, including salaries, political affiliations, employee data, and more, in order to inform job seekers about OATS Transit. The employee data is based on information from people who have self-reported their past or current employments at OATS Transit. 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 OATS Transit. The data presented on this page does not represent the view of OATS Transit and its employees or that of Zippia.
OATS Transit may also be known as or be related to OATS, OATS INC, OATS Incorporated, OATS Transit, OATS, Inc. and OATS, Incorporated.