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Cargill seeks acquisitions

Published July 14, 2017 |

Cargill, the family-owned agribusiness giant, is considering acquisitions, the Wall Street Journal reported.Marcel Smits, Cargill’s CFO, told the Journal the company is targeting the meat sector and...

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Keith Crain buys his brother’s stake in Crain Communications

Published July 14, 2017 |

By April Hall[[{"fid":"7097","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Keith Crain","field_file_image_title_text[und][0][value]":"Keith Crain"},"ty...

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Layoffs follow buyouts at Fidelity Investments

Published July 13, 2017 |

Fidelity Investments, the mutual fund manager controlled by the Johnson family, laid off hundreds of employees just weeks after more than 1,500 workers tool voluntary buyouts.The Boston Globe reported...

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Dueling Perspectives: Keeping your business going for 100 years

Published July 12, 2017 April Hall | Departments

There are a lot of Is to dot and Ts to cross if you're transporting goods across the border between the U.S. and Canada. Willson International has helped importers and exporters for nearly 100 years.W...

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Krapf Bus Cos. acquires Birnie Bus Service

Published July 12, 2017 |

Family-owned Krapf Bus Cos. of West Chester, Pa., has agreed to acquire another family-owned bus company, Birnie Bus Service Inc. of Rome, N.Y., the Delaware County Daily Times reported. The purchase ...

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Bertelsmann raises its stake in Penguin to 75%

Published July 12, 2017 |

Bertelsmann will acquire a 22% stake in Penguin Random House from its co-owner in the joint venture, Pearson, for $780 million. The deal will increase Bertelsmann’s stake from 53% to 75% and decreas...

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HEB boss donates $50 million to train Texas teachers

Published July 12, 2017 |

Charles Butt, chairman and CEO of HEB Grocery Co., plans to donate $50 million to the Raising Texas Teachers scholarship fund, the Austin Business Journal reported. Students at 10 Texas schools who ai...

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Cabela’s shareholders agree to acquisition by Bass Pro

Published July 12, 2017 |

Shareholders of family-controlled Cabela’s Inc. have voted in favor of the company’s acquisition by Bass Pro Shops for $5 billion, or $61.50 a share, the St. Louis Business Journal reported.Cabela...

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Assessing a failed family enterprise: Organizational structure is essential

Published July 11, 2017 Gerald Sherman | Advisers

 In late 2015, I sat in a conference room with my relatively new clients, the second- and third-generation executives of a 61-year-old manufacturing company, when they decided to sell. Fortunatel...

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Who will inherit the family business? A strategy for succession planning

Published July 11, 2017 Meg Muldoon | Advisers

A poorly planned succession has the potential to derail a closely held family business. The lack of a well-drafted plan can cause financial hardship on both the business and the family. Letting the es...

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Ga. ice cream shop guards its recipe

Published July 11, 2017 April Hall | Departments

Right after Stratton and Mary Leopold got married in 1995, they flew to Savannah, Ga., and headed to the Citizens & Southern National Bank.There, Stratton unlocked a safe deposit box and showed Ma...

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Celebration Corner: Hepler's Hardware -- 75th anniversary

Published July 11, 2017 | Departments

By Barbara SpectorThe Business: Founder Albert K. Hepler moved to Youngwood, Pa., from New Alexandria, Pa., in 1942, after his New Alexandria property and flourmill were acquired by the federal g...

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At the Helm: Bill Rau

Published July 11, 2017 Patricia Olsen | Departments

Generation of family ownership: Third.Revenue: Approximately $65 million.Number of employees: Approximately 53.[[{"fid":"7413","view_mode":"default","fields":{"format":"default","field_file_image_alt_...

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Editors Note: Smart growth

Published July 11, 2017 Barbara Spector | Departments

Earlier this year, Tyson Foods, a family-controlled, publicly traded company known for its chicken, pork and beef products, announced it would explore the sale of its Sara Lee frozen bakery business a...

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Old vines lead to new fruit

Published July 11, 2017 April Hall | Feature Article

You could say the Lange twins of Lodi, Calif., are intoxicated by the grape growing business. Randall and Brad Lange represent the fourth generation to farm their family's land. About a decade ago the...

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Road to sweet success paved by reconciliation

Published July 11, 2017 Margaret Steen | Feature Article

Savannah's Candy Kitchen has been part of Rhett Strickland's life for as long as he can remember. "Every day when I came home from school, we'd come down to the candy store" where his parents, Stan an...

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A fruitful female partnership at Frieda's

Published July 11, 2017 Hedda T. Schupak | Feature Article

Wolfgang Puck, Anthony Bourdain and Gordon Ramsey may be rock stars in the cooking world, but all foodies owe a debt of gratitude to Frieda Rapoport Caplan. A pioneer in the produce industry, Frieda a...

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Children vote to oust their father from CEO post at Twin City Fan Cos.

Published July 10, 2017 |

Charles Barry, 76, has been removed from his position as CEO and chairman of Twin City Fan Companies, and five family members are now fighting over who should be in charge of the business, the Minneap...

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Stonyfield founder discusses new chapter with family firm

Published July 6, 2017 |

Danone sells Stonyfield to third-generation dairy company LactalisBy April Hall[[{"fid":"7057","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"fiel...

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Hobby Lobby agrees to pay fine and forfeit ancient artifacts

Published July 6, 2017 |

Arts-and-crafts retailer Hobby Lobby has agreed to pay a $3 million fine and forfeit more than 5,300 artifacts from Iraq to settle a civil complaint brought against the company by the Justice Departme...

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