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Seaboard company history timeline

1918

1918: Flour broker Otto Bresky purchases a mill in Atchison, Kansas.

1919

In 1919 he purchased the Imperial Brewing Company of Kansas City and converted it to a milling operation.

1928

1928: Bresky purchases Rodney Milling and incorporates his business under that name.

1938

1938: Ismert-Hinke Milling is acquired.

1966

1966: Acquires its first overseas operation, a flour mill in Guayaquil, Ecuador, in a joint venture with Continental Grain Co.

1966: First foreign investment is made in Ecuadorian flour mill.

1968

Shortly after this, more moves were made abroad, with mills built in Freetown, Sierra Leone, in 1968, and Georgetown, Guyana, a year later.

1970

Back in the United States, Seaboard built a mill in Culpepper, Virginia, in 1970 and enlarged it just two years later.

1982

In the face of increasing competition, the company made a dramatic strategic shift in early 1982 when it sold its American flour mills to Cargill, Inc., for $40 million.

1983

1983: Forms Seaboard Marine Ltd. to ship various Seaboard fruits and vegetables around the globe

1984

1984: Seaboard purchases Central Soya's poultry division.

1986

In 1986 Mount Dora Farms, Inc. was established in Latin America to produce fruits and vegetables.

1989

1989: Founds Transcontinental Capital Corp.

Transcontinental Capital Corporation, Ltd. formed in 1989 with the purpose of supplying electrical power to the Dominican Republic.

1991

As it had done with poultry, Seaboard quickly began to invest in processing pork, constructing its first feeder pig facility and feed mill in Northeast Colorado in 1991.

1992

1992: Construction begins on a state-of-the-art pork processing plant in Guymon, Okla., which is supported by feed mills it builds in Oklahoma, Texas and Kansas.

Overseas, the company also bought additional flour mills in Puerto Rico and Zaire in 1992.

1994

The Minnesota pork processing plant closed in 1994.

1996

1996: Acquires an interest in Tabacal Agroindustria, an Argentine producer and refiner of sugar cane and citrus

1998

Two years later, in 1998, Seaboard Corporation purchased a controlling interest in a winery in Bulgaria.

1999

In 1999 Seaboard announced it was spending $144.5 million to buy 50 percent of Dominican Republic power-generating company Haina, which owned five electrical plants.

2001

SEC Chairman Harvey Pitt, appointed by President George W. Bush, enacted a policy of giving corporations credit for reporting their misdeeds, the Los Angeles Times reported in October 2001.

The beginning of 2001 was marked by United States pork industry concerns over the country's capacity to slaughter all the hogs being produced in the coming years.

Seaboard's net earnings were hit by a $7.8 million charge in 2001 related to the devaluation of Argentina's peso.

Fiscal 2001 sales climbed to $1.8 billion up from $1.5 billion the previous year.

2002

Seaboard was the only United States operation planning to add physical plant capacity, one expected to begin operation in late 2002.

Seaboard Flour's ownership in Seaboard Corporation dropped from approximately 75 percent to around 71 percent of outstanding common stock, after a stock repurchase during the latter half of 2002.

2004

The activity produced 23 percent of the corporation's total 2004 revenue.

2005

"Seaboard Sells Trading Stake," Journal of Commerce Online, May 24, 2005.

Seaboard generated a second straight year of record profits for 2005.

2006

2006: H. Harry Bresky retires as CEO, but remains chairman.

Domestically, the company agreed to market all pork products produced by Triumph Foods LLC's St Joseph pork processing plant when it began operation, in 2006.

2007

2007: H. Harry Bresky dies and his son, Steven Bresky, inherits a 74 percent stake in Seaboard Corp., becoming chairman, CEO and president.

2010

Seaboard once again entered the poultry business with the acquisition of half ownership in Butterball, LLC in 2010.

With continued expansion in commodities trading, alcohol distillery operations and specialty crops processing abroad, Seaboard exceeded $4 billion in revenue by 2010.

2011

In 2011 Seaboard Corporation made the Fortune 500 for the first time in company history.

2015

2015: Forms joint venture with Triumph Foods to build a new pork processing plant in Sioux City, Iowa

2018

In 2018, Seaboard acquired the West-African agri-food group Mimran, increasing its flour and feed milling capacity with approximately 15 percent to over 24,000 metric tons per day.

2020

Steven J. Bresky, his son, then served as Seaboard Corporation's President and CEO and its Director and Chairman of the Board until his death in 2020.

2022

Uhle, Frank; Peippo, Kathleen "Seaboard Corporation ." International Directory of Company Histories, Volume 85. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/reference/dictionaries-thesauruses-pictures-and-press-releases/seaboard-corporation

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Founded
1918
Company founded
Headquarters
Merriam, KS
Company headquarter
Founders
Otto Bresky
Company founders
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Seaboard competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Cargill1865$114.7B166,0001,190
Bunge1818$67.2B32,000182
TreeHouse Foods2005$3.4B13,489194
Pilgrim's1946$17.9B35,700894
United Natural Foods1976$31.0B19,000285
Vudu2004-180-
Ingredion1906$7.4B12,000165
Organic Valley1988$1.2B950-
Whole Foods Market1978$16.0B91,0001,642
ADM1902$85.2B38,1001,113

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