Reser's Fine Foods

Reser's Fine Foods, Inc.
Private
Industry Food processing
Founded 1960
Headquarters Beaverton, Oregon
Key people
 Al Reser, former president and CEO
Products Prepared foods
Revenue $700 million (2010)
Number of employees
 Approx. 4,800 (2014)[1]
Website www.resers.com

Reser's Fine Foods, Inc., a United States corporation based in Beaverton, Oregon, manufactures and distributes fresh and frozen prepared foods. Over 1,000 products are available in the 50 U.S. states, Canada, Guam, Mexico, and areas of the Far East. Its prepared foods are sold in national grocery chains, independent outlets, and convenience stores. Oregon State University's football stadium, Reser Stadium, is named after the company, which is one of its sponsors. As of 2010, annual revenue was approximately $700 million, ranking Reser's as the sixth-largest private company in Oregon by revenue.[2]

History

The headquarters of Reser's in Beaverton, Oregon, in 2015

Reser's grew from the potato salad business started by Mildred and Earl Reser in 1950, based in Cornelius, Oregon. Shortly after incorporating on May 14, 1959, Reser's moved from Cornelius to a 33,000-square-foot (3,100 m2) facility in Beaverton, Oregon. Rapid growth over the next 30 years brought Reser's to its present-day operations at 12 plants with over 2800 employees. In 2011, the company purchased Oklahoma-based competitor Vaughan Foods for $18.3 million,[3] and the assets of Orval Kent for $69.2 million.[4] As of 2014, the company had almost 4,800 employees and was operating 16 facilities, in the United States and Mexico.[1] In July 2014, it announced plans to build a 310,000-square-foot (29,000 m2) facility in Hillsboro, Oregon, but indicated that its headquarters would remain at the current site in Beaverton.[1]

Financials

Revenue in 2003 was approximately $375 million (USD).

References

  1. 1 2 3 Hogue, Kendra (July 10, 2014). "Reser's outgrows Beaverton home – Explosive growth, demand spurs firm to build new Hillsboro facility". Beaverton Valley Times. p. A2. Retrieved 2014-07-11.
  2. ↑ Stevens, Suzanne (July 29, 2011). "List: Oregon's top private companies". Portland Business Journal. Retrieved July 30, 2011.
  3. ↑ Young, Molly (September 16, 2011). "Reser's Fine Foods completes acquisition of competitor Vaughan Foods". The Oregonian. Retrieved 17 September 2011.
  4. ↑ Young, Molly (November 15, 2011). "Reser's Fine Foods buys rival Orval Kent in deal approved today". The Oregonian. Retrieved November 15, 2011.
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