Gerber
Gerber Products Company was one of Nestle’s many targets, and in 2007 the conglomerate acquired it for $5.5 billion. This was a fantastic move for the Swiss giant, successfully securing the majority of the baby food business. This is obviously an incredibly beneficial market. It was when Mrs. Gerber commenced cooking baby food in 1927 for their baby girl that this company took off. After seeing just how much his daughter enjoyed his wife’s cooking, Daniel Frank Gerber was convinced that he had a real business on his hands, starting off with five delicious varieties. It is amazing to see how something started in someone’s kitchen can become a universally enjoyed product.
Gerber
Citgo
Oklahoma’s 1910 witnessing of the Citgo initiative saw an incredible refining and marketing initiative for fuels and other energy sources. The Venezuelan business Petróleos de Venezuela purchased 50% of the shares and repurposed it as its parent company. Tragically, the situation soon devolved into chaos. President Hugo Chaves himself announced to global media that Citgo was to be released, calling the whole ordeal “bad business” which cost the whole country a lot of money. The sale failed to materialize, and Venezuela was forced to sell the company as bonds. 2013 saw the country rocked with an economic depression. We have yet to see whether its Russian debt collateral rescue has been a success or not.
Citgo
