Privately-held and family-owned Rich Products Corporation is one of the leading suppliers and solutions providers to the food industry in general and the frozen food industry in particular. Founded in 1945, the company serves the requirements of the foodservice segment, in-store bakeries, and retail marketplaces spread across the Unites States and other countries. The innovation of the first non-dairy whips topping is accredited to the company’s founder, Robert Rich Sr., who invented it in 1945.The Buffalo, New York-based company offers 2,000 products in 73 countries with a workforce of approximately 7,200 associates worldwide. Rich Products reported annual sales of $2.8 billion for 2009 and has manufacturing facilities, research and development centers, and sales offices in the US and overseas.
Overview & Corporate Organization
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Robert E. Rich, Sr.
PrivCo Industries (Sector > Industry > Sub-Industry)
|Consumer Products > Food > Bakery Products|
|Consumer Products > Food > Frozen Foods & Desserts|
|Retail > Food & Beverage Stores > Baked Goods Stores|
|Retail > Food & Beverage Stores > Grocery Stores|
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Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
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|Revenues from Dairy Products||View|
|*||Rich Products Corporation fiscal year end: 12/31|
Charts, Financials, and Statistics (Graphs)
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Mergers & Acquisitions
|Details||Feb. 2005||Completed||Rolling Pin Manufacturers||RIch Products Corporation||Acquisition||Unspecified|
|Details||Mar. 2005||Completed||Battistoni Italian Specialty Meats||RIch Products Corporation||Acquisition||Unspecified|
|Details||Jun. 2005||Completed||David Powell Bakeries||RIch Products Corporation||Acquisition||Unspecified|
Joint Venture / Partnership Formed
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Detailed Business Description: Rich Products Corporation
Founded by Robert Rich Sr. in 1945, Rich Products Corporation was born from an innovation – the world’s first non-dairy whipped topping. Rich's is known around the world as the founder of the non-dairy segment of the frozen food industry and a leading supplier and solutions provider to the foodservice, in-store bakery, and retail marketplaces. With manufacturing facilities, R&D capabilities, and sales offices spanning the globe, Rich’s expanded both itself and its product portfolio through innovation and acquisition. In addition to the food business, Rich’s owns and operates a number of businesses in the sports and entertainment, restaurant, and logistics industries. As of 2011, Rich’s grosses over $2.9 billion in annual sales, employs 7,500 associates worldwide, and sells more than 2,000 products in 100 countries.
The 1940s: Foundation of Rich Products Corporation
Rich Products Corporation was founded in 1945 as the founder, Robert Rich Sr.,… Continue Reading →