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Tone Brothers history
Tone Brothers company history timeline
In 1978 Universal Foods, of Milwaukee, bought Mid-Continent.
Shortly thereafter, Tone found itself on the market again, and in 1979 it was acquired by a group of Des Moines investors.
Sales rose sharply to $25 million in 1984.
Sale to Rykoff-Sexton in 1989
"Tone in Pepper Venture," Des Moines Register , February 11, 1992,p.
By this time, the company produced more than 250 different seasonings and mixes, requiring it to build a new, technologically advanced plant in Ankeny, Iowa, which was completed in 1994.
"Tone's Iowa Plant Wins Out," Des Moines Register , April 7, 1995,p.
"Recall Notice—Tone Brothers Ground Nutmeg," FDA Enforcement Report, August 30, 1995.
"Rykoff-Sexton Arbitration Resolved," PR Newswire , October 11, 1996.
The year 1996 was a financial disaster for Burns Philp, with losses of almost $62 million largely attributed to the spice war.
"Spice Concern Sale Is Off," The New York Times , November 7, 1997,p.
Tone's: 124 Years of Innovation and Progress , Ankeny, Iowa: Tone Brothers, Inc., 1997.
"Australia: Burns Philp Saw Better Half-Year Profit," Australian Financial Review, January 30, 2002.
Announces Acquisition of Tone Brothers, Inc.," Business Wire, July 22, 2004.
Leicester, John, "Associated British Foods Buying Tone Brothers, America's Intelligence Wire , July 23, 2004.
The sale is expected to close during the last three months of 2016.
Azzata, Gerry "Tone Brothers, Inc. ." International Directory of Company Histories. . Retrieved June 23, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/tone-brothers-inc
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Tone Brothers competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Veris Industries | 1992 | $14.0M | 72 | - |
| Motion Engineering Incorporated | - | $4.7M | 75 | - |
| Dacor | 1965 | $34.0M | 350 | 1 |
| Turtle Beach | 1975 | $372.8M | 300 | - |
| Pacific World | 1973 | $1.4M | 125 | 2 |
| Danone Sverige | 1919 | $26.4B | 102,449 | - |
| Solid Gold Pet | 1974 | $1.1M | 6 | - |
| E2v | - | $1.0M | 1 | - |
| Case-Mate | 2006 | $13.0M | 3 | - |
| Valin | 1974 | $24.0M | 200 | 5 |
Tone Brothers history FAQs
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