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Koch Industries, Inc. is an American privately held multinational conglomerate corporation based in Wichita, Kansas and is the second-largest privately held company in the United States, after Cargill. Its subsidiaries are involved in the manufacturing, refining, and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizer, pulp and paper, chemical technology equipment, cloud computing, finance, raw materials trading, and investments. Koch owns Flint Hills Resources, Georgia-Pacific, Guardian Industries, Infor, Invista, KBX, Koch Ag & Energy Solutions, Koch Engineered Solutions, Koch Investments Group, Koch Minerals & Trading, and Molex. The firm employs 122,000 people in 60 countries, with about half of its business in the United States.
A meat alternative or meat substitute is a food product made from vegetarian or vegan ingredients, eaten as a replacement for meat. Meat alternatives typically approximate qualities of specific types of meat, such as mouthfeel, flavor, appearance, or chemical characteristics. Plant- and fungus-based substitutes are frequently made with soy, but may also be made from wheat gluten as in seitan, pea protein as in the Beyond Burger, or mycoprotein as in Quorn.
A chicken nugget is a food product consisting of a small piece of deboned chicken meat that is breaded or battered, then deep-fried or baked. Invented in the 1950s, chicken nuggets have become a very popular fast food restaurant item, as well as widely sold frozen for home use.
Cultured meat is meat produced by culturing animal cells in vitro. It is a form of cellular agriculture.
David Hamilton Koch was an American businessman, political activist, philanthropist, and chemical engineer. In 1970, he joined the family business: Koch Industries, the second largest privately held company in the United States. He became president of the subsidiary Koch Engineering in 1979, and became a co-owner of Koch Industries in 1983. Koch served as an executive vice president of Koch Industries until he retired due to health issues in 2018.
Pilgrim's Pride Corporation is an American, multi-national food company, currently one of the largest chicken producers in the United States and Puerto Rico and the second-largest chicken producer in Mexico. It exited bankruptcy in December 2009 and relocated its U.S. headquarters to Greeley, Colorado, in 2011. It is majority-owned by JBS S.A. Pilgrim's Pride purchased Gold'n Plump for $350 million in late November 2016.
Tyson Foods, Inc. is an American multinational corporation, based in Springdale, Arkansas, that operates in the food industry. The company is the world's second-largest processor and marketer of chicken, beef, and pork after JBS S.A. It annually exports the largest percentage of beef out of the United States. Together with its subsidiaries, it operates major food brands, including Jimmy Dean, Hillshire Farm, Ball Park, Wright Brand, Aidells, and State Fair. Tyson Foods ranked No. 79 in the 2020 Fortune 500 list of the largest United States corporations by total revenue.
JBS USA Holdings, Inc. is an American food processing company and a wholly owned subsidiary of the multinational company JBS S.A. The subsidiary was created when JBS entered the U.S. market in 2007 with its purchase of Swift & Company. JBS specializes in Wagyu Beef, the only certified Japanese Cattle distributor on the entire eastern U.S. seaboard
Jack Cowin is a Canadian-Australian businessman and entrepreneur with a long-term involvement in franchised fast food chains in Australia and Canada. Cowin brought KFC to Australia, founded and owns Hungry Jack's, which is the Burger King franchise in Australia, and has at various stages controlled the Domino's Pizza franchise in Australia prior to its 2005 listing on the ASX.
Smithfield Foods, Inc., is a pork producer and food-processing company based in Smithfield, Virginia, in the United States, that is a wholly-owned subsidiary of the Chinese conglomerate WH Group. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to raise Smithfield's pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, Slovakia and the United Kingdom. Globally the company employed 50,200 in 2016 and reported an annual revenue of $14 billion. Its 973,000-square-foot meat-processing plant in Tar Heel, North Carolina, was said in 2000 to be the world's largest, harvesting 32,000 pigs a day.
Agriprocessors was the corporate identity of a slaughterhouse and meat-packaging factory based in Postville, Iowa, best known as a facility for the glatt kosher processing of cattle, as well as chicken, turkey, duck, and lamb. Agriprocessors' meat and poultry products were marketed under the brand Iowa Best Beef. Its kosher products were marketed under various labels, including Aaron’s Best, Shor Habor, Supreme Kosher, and Rubashkins.
The Koch family is an American family engaged in business, best known for their political activities and their control of Koch Industries, the 2nd largest privately owned company in the United States. The family business was started by Fred C. Koch, who developed a new cracking method for the refinement of heavy crude oil into gasoline. Fred's four sons litigated against each other over their interests in the business during the 1980s and 1990s.
Charles de Ganahl Koch is an American billionaire businessman. As of January 2023, he was ranked as the 14th richest person in the world on Bloomberg Billionaires Index, with an estimated net worth of $68 billion. Koch has been co-owner, chairman, and chief executive officer of Koch Industries since 1967, while his late brother David Koch served as executive vice president. Charles and David each owned 42% of the conglomerate. The brothers inherited the business from their father, Fred C. Koch, then expanded the business. Originally involved exclusively in oil refining and chemicals, Koch Industries now includes process and pollution control equipment and technologies, polymers and fibers, minerals, fertilizers, commodity trading and services, forest and consumer products, and ranching. The businesses produce a wide variety of well-known brands, such as Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue, and Dixie Cup. Koch Industries is the largest privately held company by revenue in the United States, according to Forbes. Koch has published three books detailing his business philosophy, The Science of Success, Market Based Management, and Good Profit.
Eat Just, Inc. is a private company headquartered in San Francisco, California. It develops and markets plant-based alternatives to conventionally produced egg products and cultivated meat products. Eat Just was founded in 2011 by Josh Tetrick and Josh Balk. It raised about $120 million in early venture capital and became a unicorn in 2016 by surpassing a $1 billion valuation. It has been involved in several highly publicized disputes with traditional egg industry interests. In December 2020, its lab-grown chicken became the first cultured meat to receive regulatory approval in Singapore. Shortly thereafter, Eat Just's cultured meat was sold to diners at the Singapore restaurant 1880, making it the "world's first commercial sale of cell-cultured meat".
Beyond Meat, Inc. is a Los Angeles–based producer of plant-based meat substitutes founded in 2009 by Ethan Brown. The company's initial products were launched in the United States in 2012.
The broiler industry is the process by which broiler chickens are reared and prepared for meat consumption. Worldwide, in 2005 production was 71,851,000 tonnes. From 1985 to 2005, the broiler industry grew by 158%.
Koch Foods is a food processor and distributor in Park Ridge, Illinois that as of December 2019 is listed by Forbes magazine as number 125 on the list of the largest private companies in the US. As of October 2014, the company had a revenue of $3 billion, and approximately 14,000 employees. The company is owned by Joseph Grendys.
Upside Foods is a food technology company headquartered in Berkeley, California, aiming to grow sustainable cultured meat. The company was founded in 2015 by Uma Valeti (CEO), Nicholas Genovese (CSO), and Will Clem. Valeti was a cardiologist and a professor at the University of Minnesota.
Qin Yinglin is a Chinese agriculture tycoon, billionaire, Communist Party member, and the world's richest farmer. He is the chair and president of the pig farming company Muyuan Foodstuff and is one of the richest people in China. According to Bloomberg Billionaires Index, his net worth was estimated at US$ 20.7 billion as of January 2022. Forbes wrote that he earned his wealth as "the country's largest pig breeder in the world's biggest pork market".
References
- 1 2 3 4 5 6 "Forbes profile: Joseph Grendys". Forbes. Retrieved June 20, 2022.
- 1 2 3 4 "Joseph Grendys: Meat Processing Tycoon". entrepreneurinformer. June 24, 2015. Retrieved October 15, 2015.
- ↑ "Executive Profile Joseph Grendys". bloomberg. Retrieved October 15, 2015.
- 1 2 Harris, Melissa (October 24, 2014). "Inside billionaire Joe Grendys' chicken empire". chicagotribune. Retrieved October 15, 2015.
- ↑ Melby, Caleb (August 7, 2013). "New Chicken Billionaire Joseph Grendys Rules The Roost". Forbes. Retrieved October 22, 2015.
- ↑ Arnsdorf, Isaac. "How a Top Chicken Company Cut Off Black Farmers, One by One". /www.propublica.org. Pro Publica. Retrieved June 29, 2019.
- ↑ "Buses of Workers Taken From Koch Foods in Mississippi Immigration Raids". Fortune.
- ↑ "How Koch Foods Built a $3 Billion Chicken Empire". fool. May 18, 2015. Retrieved October 15, 2015.