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Pictsweet Farms company history timeline

1961

In 1961, the company adopted its present name and went public, listing its stock on the American Stock Exchange.

1966

In 1966 it divested itself of its small business investment company, First United Capital Corporation.

1967

In 1967 United Foods made four major acquisitions in the frozen food business: Trappe Frozen Foods Corporation of Trappe, Maryland; Othello Packers, Inc., of Othello, Washington; Dulany Foods, Inc., a subsidiary of Green Giant Co.; and the frozen food business of California Consumers Corporation.

1971

The second major operating subsidiary, Winter Garden Freezer Co., Inc., of Tennessee, was acquired in November 1971.

1977

By 1977, when John Inglis retired, the company was one of the largest processors and marketers of frozen vegetables in the United States.

1978

During 1978 the company posted net income of $3.3 million on sales of $108.3 million.

1979

In 1979 United Foods had record revenues of $122.2 million, but a disappointing net profit of only $.6 million.

1980

In December 1980 United Foods also discontinued its western farming operations.

1983

In 1983 the company leased approximately 2,300 acres of the land it had acquired in Tennessee to independent farmers.

1984

As expected, the company had record sales in 1984, due primarily to the acquisitions of Freezer Queen and Stokely-Van Camp.

1986

At the end of February 1986 it sold the assets used in the Freezer Queen Division for $35.6 million to James Crean of Ireland, using proceeds to reduce the company's long-term debt.

1991

Then, in 1991 the company closed its plants in Modesto and Salinas and consolidated the frozen vegetable processing and cold storage operations at a leased facility in Santa Maria, California, effective June 28, 1991.

1993

To offset the loss of these facilities, the company entered into a reciprocal supply agreement with another food processing company, with deliveries to begin in 1993.

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Founded
1945
Company founded
Headquarters
Bells, TN
Company headquarter
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Pictsweet Farms competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Sparboe Companies1954$30.0M450-
Riceland Foods1921$1.0B1,50050
Foster Farms1939$3.0B10,00158
Taylor Farms1994$2.0B20,00015
Bolthouse Farms1915$1.0B2,00040
Perdue Farms1920$6.7B21,000499
Apple King1914$20.2M100-
Plainville Farms1835$1.9M59
Creekstone Farms1995$280.0M75032
Setton Farms-$37.0M50-

Pictsweet Farms history FAQs

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Pictsweet Farms may also be known as or be related to Pictsweet Co The, Pictsweet Farms, The Pictsweet Co. and The Pictsweet Company.