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Oerther Foods history
Oerther Foods company history timeline
Morini, the president of his high school's science club, dramatically altered the fat profile of natural cheese in his experiments begun in 1968.
Morini also worked for General Foods Company and the food service division of Pillsbury Company before he founded his own company, Fiesta Foods & Galaxy Foods, in 1972.
1980: Morini changes the name of his company to Galaxy Cheese Company.
By 1984, the company was generating more than $6.5 million in sales and growing at a pace that required Morini to treat his company as a burgeoning corporate concern.
On October 17, 1987, weeks after the IPO, the stock market suffered a severe crisis, collapsing on a day that quickly became known as "Black Monday." The financial catastrophe cost Galaxy Cheese $1 million, forcing the company to virtually eliminate its advertising budget.
In June 1991, Galaxy moved to Orlando, Florida, where it unveiled a state-of-the art manufacturing facility.
2000: Galaxy Nutritional Foods, Inc. is adopted as the company's new name.
In 2001, when the company generated nearly $45.4 million in sales, it reported a loss of more than $6 million.
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Oerther Foods may also be known as or be related to Oerther Foods, Oerther Foods Inc and Oerther Foods Inc.