ContiGroup Companies explained

Continental Grain Company
Type:Private company
Location:767 Fifth Avenue
New York, NY
United States (Corporate)
Key People:Paul J. Fribourg, Chairman, President
Michael J Zimmerman, CFO
Joseph Massa Jr, COO
Industry:Agribusiness, agriculture, food industry
Products:Poultry, pork, beef, investment
Revenue:$14.1 billion US$ (FY 2011)
Num Employees:~13,500
Homepage:ContiGroup Companies, Inc.

ContiGroup Companies, Inc (CGC) was founded by Simon Fribourg in Arlon, Belgium, in 1813 as a grain-trading firm. Formerly known as Continental Grain, ContiGroup has expanded into a multinational corporation with offices and facilities in 10 countries while employing more than 13,500 people worldwide. Today, CGC is one of the largest privately held corporations in the United States.

History

ContiGroup businesses

Headquartered in New York, NY, ContiGroup has offices and facilities in 10 countries while employing more than 13,500 people worldwide. CGC's businesses include ventures into poultry, pork, beef, animal feed, aquaculture, and flour milling. Additionally, CGC also provides investment services in securities, real estate, and private equity through its ContiInvestment business unit.

Wayne Farms

See main article: Wayne Farms.

Formerly known as the Poultry Division of ContiGroup Companies, Wayne Farms LLC is the sixth-largest vertically integrated producer and processor of poultry in the United States. Since its spin-off in 1965, Wayne Farms has grown its processing capacity to 250 million chickens annually. Its 13 processing facilities span the southeast region of the United States with its corporate headquarters located in Oakwood, Georgia.

ContiAsia

Headquartered in Hong Kong, ContiAsia has been operating in China for almost three decades. ContiAsia operates more than thirty companies that are classified into one of its four business units: Conti Chia Tai International, ContiFeed Group, Great Wall Northeast Asia Corp, and Meat Merchandising.

Premium Standard Farms

See main article: Premium Standard Farms, Inc.

Formed in 1988, Premium Standard Farms, Inc (PSF) was founded with the aim of creating a standardized method for which to produce premium pork. To accomplish this goal, the company decided to pursue full vertical integration – the first in the United States to do so. In 1998, ContiGroup Companies, Inc (formerly known as Continental Grain Company) acquired a majority interest in PSF. Today, Premium Standard Farms is the second largest pork producer and the sixth largest processor in the United States with operations in Missouri, North Carolina, and Texas. The company sells fresh and frozen pork products to domestic retailers, further processors, foodservice providers and export customers from more than 20 countries.

In 2007 Premium Standard Farms was acquired by Smithfield Foods.

ContiLatin

As a business unit with operations in the United States, the Caribbean, and in Central and South America, ContiLatin manages many operations throughout the western hemisphere. The company operates a shrimp farm and hatchery in Ecuador and it also runs integrated poultry operations in both Venezuela and Peru. ContiLatin also operates feed and flour mills in the French West Indies and recently opened a new high-tech flour mill in Haiti with the Haitian government in a joint venture. Additionally, the company took over the grain trading business in Nicaragua becoming the largest trading company established in the region, also the company is invested in a joint venture in Atlantic Salmon of Maine and Ducktrap River Fish Farm to produce salmon, shrimp and seafood pâté. All of ContiLatin's operations receive continuous research and technical support from the division's Georgia-based ContiTec unit.

Five Rivers Ranch

Formed in May 2005, Five Rivers Ranch Cattle Feeding LLC is an independently operated joint venture between CGC's ContiBeef and Smithfield Beef Group's MF Cattle Feeding companies. Through the combined feeding capability of Smithfield's four feed yards and ContiBeef's six feed yards, Five Rivers Ranch has become the largest cattle feeding operation in the world with a combined feeding capacity of more than 800,000 head. With its headquarters in Loveland, Colorado, this new company employs more than 650 employees in facilities throughout Texas, Colorado, Kansas, Oklahoma, and Idaho.

In 2009, Five Rivers, or "ContiBeef" was acquired by Brazilian protein producer JBS. In 2010 Five Rivers took over Calfsource.

ContiInvestments

ContiInvestments is the financial wing of ContiGroup companies. It handles a variety of assets including investments in securities, real estate, and private equity. Additionally, it holds considerable investments in the areas of food and agribusiness, insurance, health care, financial services, transportation, and computer systems and software.

See also

External links

Notes and References

  1. Web site: The Milwaukee Sentinel - Google News Archive Search. news.google.com.
  2. Web site: General Foods to Buy Oroweat Units in West. https://archive.today/20130201002933/http://pqasb.pqarchiver.com/latimes/access/672880032.html?dids=672880032:672880032&FMT=ABS&FMTS=ABS:AI. dead. February 1, 2013.
  3. Web site: WaMu's New Chief Knows The Subprime Business. Emily. Stewart. .