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Powerbar company history timeline

1986

By 1986, the couple thought they had perfected the recipe, a mixture of oat bran, maltodextrins, and milk protein sweetened with fructose and fortified with vitamins, minerals, and amino acids.

They used $55,000 in cash to launch the company in 1986 in Berkeley, California.

1987

In 1987, the United States cycling team in the Tour de France asked PowerBar to sponsor it.

1988

However, the Maxwells (they married in 1988) were able to afford their own plant within a few years of the product launch.

1989

By 1989, sales of PowerBars had gone so well that the company was able to afford its own production facility.

1994

In 1994, Gatorade, well known for its sports drink, brought out a Gator Bar.

1997

The Clif Bar almost doubled its sales over 1997, giving it the number three market spot.

1999

PowerBar also brought out some non-bar products. It launched a sports drink in 1999, PowerBar Perform, which came in two bottle sizes.

2001

By 2001, PowerBar was said to have about 40 percent of the energy bar market.

2014

On February 3, 2014, Post Holdings announced it had reached an agreement to acquire PowerBar, Musashi and related worldwide assets from Nestlé. A few years after the transfer to Post, PowerBar regained control of their brand and became a registered trademark of Premier Nutrition Company, LLC.

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Founded
1986
Company founded
Headquarters
Glendale, CA
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Powerbar competitors

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A. Schulman1928$2.5B4,900-
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INVISTA2003$115.0B10,00010
Conagra Foods-$12.1B50181
Pharmavite1971$35.0M1,22421
Yupo1996$57.4M1454

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