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In 2007, Crystal Cream & Butter was acquired by HP Hood, who sold it later that year to Foster Dairy Farms, which had been founded in 1941 by Max and Verna Foster, a venture that followed the 1939 founding of their Foster Farms. Today, Crystal Creamery claims to be the "largest privately owned dairy in California." [3]
Bankruptcy was filed two months later, resulting in the sale of assets of the Humboldt Creamery at auction on August 27, 2009, to Foster Farms Dairy for $19.25 million. [3] [4] [5] The former CEO pleaded guilty to changing the values of the Creamery's receivables and payables for three years between 2005 and 2008. [3]
Foster Farms is an American poultry company. The company has been privately owned since 1939. The company has been privately owned since 1939. It was operated by the Foster family since 1939 until recently, now operated and owned by private equity firm Atlas Holdings, after their purchase of the company in 2022.
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Foster Farms Chief Executive Officer Donnie Smith told the Modesto Bee in a June interview the company plans to keep its 12,000-strong workforce and the company’s mix of poultry products.
Foster Farms is recalling nearly 148,000 pounds of chicken sold at Costco warehouse stores after some customers found pieces of hard, clear plastic in their frozen meat, federal inspectors said.
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George Foster moved to California after World War II to open outlets for Dairy Queen, since he owned the development rights in the state. However, state laws protecting the dairy industry prevented the use of dairy in restaurant names. So instead, in 1946, Foster opened a restaurant named after himself, Foster’s Old Fashion Freeze. [7]