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Rich Products Corporation (also known as Rich's) is a privately held multinational food products corporation headquartered in Buffalo, New York.The company was founded in 1945 by Robert E. Rich, Sr., after his development of a non-dairy whipped topping based on soybean oil, 21 years before Cool Whip. [2]
In 1969, Rich was an investor and member of the inaugural board of directors of the Buffalo Sabres of the National Hockey League and later became Vice Chairman of that professional hockey team. In 1983 Rich Products Corp. purchased the Buffalo Bisons minor league baseball team. [3] The Bisons are the AAA affiliate of the Toronto Blue Jays.
Born in Buffalo, New York, he founded Rich Products in 1945, which had sales of $2.5 billion on more than 2,300 products in 2005, [1] the year before he died at age 92 in Palm Beach, Florida. His son, Robert Jr. , inherited the company and is the owner of the Buffalo Bisons minor league baseball team.
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In January 2013 it was announced that Flowers Foods had offered to buy six of Hostess' bread brands, including Wonder Bread. The deal, initially structured at $360 million, involved 20 bakeries and 38 depots. [79] Flowers Foods won the bid to purchase five of the six bread brands (except Beefsteak, purchased by Grupo Bimbo) on February 28. [75]
Buffalo is home to Rich Products, one of the world's largest family-owned food manufacturers. [16] Canadian brewer Labatt moved its US headquarters to Buffalo in May 2007. [17] This is in large part due to Buffalo's location directly in the middle of the Northeastern Trade Corridor. The city is the heart of the Canadian-American corridor.
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