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Suiza Dairy ("Suiza" is Spanish for "Swiss") had been founded in 1942 by Hé¢or Nevares, Sr., and was owned by the Nevares family until the purchase by the Engles-led partnership.
Velda Farms, which was founded in 1955, manufactured and distributed fresh milk, ice cream, and related products under its own brand names to about 9,500 food service accounts, convenience stores, club stores, and schools.
At the time, Engles was still running privately held Reddy Ice, which he had bought from the Southland Corp. in 1988 for $22 million, almost entirely financed by Citicorp.
Suiza Foods Formed in October 1994
Merging Suiza Dairy with Reddy Ice and Florida-based Velda Farms in 1995, Engles began a stream of purchases that within four years would put him neck and neck with $4 billion (sales) Dean Foods, the venerable 75-year-old, family-run, Chicago-based dairy outfit that has a 13% market share.
In a somewhat similar move, Suiza in July 1998 exchanged its Jon Donaire desserts business for the retail refrigerated and frozen creamer business of Rich Products Corporation of Buffalo, New York.
The company held more than 10 percent of the $25 billion fluid milk market in the United States, and Engles aimed to increase that figure to 30 percent by 2003.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cass-Clay® Creamery | 1935 | $120.0M | 320 | 2 |
| Gaia Herbs | 1986 | $45.7M | 50 | 8 |
| B&W Quality Growers | 1870 | $31.0M | 200 | 1 |
| Agri Mark | 1916 | $510,000 | 5 | 35 |
| Overhill Farms | 1968 | $199.5M | 707 | 1 |
| Keenan Farms | 1972 | $6.4M | 75 | - |
| Waymouth Farms | - | $35.0M | 200 | - |
| MMPA | 1916 | $26.4M | 350 | 15 |
| Gold Palace | 1994 | $1.2M | 4 | - |
| Stonyfield | 1983 | $5.4M | 498 | - |
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Suiza Dairy Corporation may also be known as or be related to SUIZA DAIRY CORP, Suiza Dairy and Suiza Dairy Corporation.