Oldest B.E. 100's firm sells L.A. subsidiary.C.H. James & Son undergoes major restructuring To grow his company, Charles "Chuck" James is always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the next angle. When he sought to expand the customer base of C. H. James & Son (Holdings) Inc., the fourth-generation food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. concern, several years ago, he strategically partnered with Golden State Foods (GSF GSF Gross Square Feet (architectural design and construction) GSF Genoa Social Forum (umbrella anti-G8 group) GSF GameSpy Forums GSF Government Superannuation Fund (New Zealand) ) and, as a result, became a major supplier for McDonald's Corp. That maneuver more than doubled revenues of the 116-year-old company to roughly $31 million. It now ranks No. 70 on the BE INDUSTRIAL/SERVICE 100 list. Now James is making moves once again. He recently completed "a strategic divestiture" of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Produce (NAP), the company's City of Industry, California-based produce subsidiary. The transaction, valued in excess of $10 million, will help generate capital the 40-year-old CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. needs to seek out new deals and expand his business. James is in discussions with investment bankers and venture capitalists about future acquisitions in food processing and distribution. "I had everything tied up in the business," he says. "I felt it was time to make sure that my family's future was secure and, at the same time, free up dollars to reinvest in the business." Under the terms of the recent deal, James has sold NAP to GSF, a major vendor for McDonald's, which held a 49% stake in the company. James also sold its 40% stake in GSF Australia, a Sydney, Australia-based company that processes and distributes pre-cut lettuce to McDonald's restaurants There are more than 30,000 McDonald's restaurants in 119 countries. Restaurants The first McDonald's was not a restaurant at all, but it was a sit-in stand. The company's early franchises were built to a standard pattern that did not offer seating; this was in part to prevent in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore, Taiwan Malaysia and other Pacific Rim countries. The holding company will retain the NAP brand name. The NAP unit will supply produce products to Wendy's International; Darden's Restaurants, the chain that owns the popular Olive Garden restaurants; and Columbia/HCA, the nation's largest hospital chain. C.H. James is divided into three distinct units: besides NAP, which processes pre-cut produce, it includes Pinnacle, a produce grower, shipper and distributor, and C.H. James & Co., the wholesale food distribution operation that was started over a century ago. |
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