PowerBar
| Company type | Subsidiary |
|---|---|
| Industry | Food processing |
| Founded | 1986 |
| Founder | Brian Maxwell, Jennifer Biddulph |
| Fate | Acquired by Nestlé in 2000, becoming a brand. |
| Headquarters | , |
Area served | North America, Europe |
| Products | Energy bars, sports drinks, gels |
| Revenue | US$175 million (2013) |
| Owner |
|
| Parent | Premier Nutrition Company, LLC [1] |
| Website | powerbar.com |
PowerBar is an American brand of energy bars and other related products including sports drinks, gels, and the Pria bars targeted at women. The company was established in 1986, and was later acquired by Nestlé.
History
[edit]
The PowerBar company was founded by Brian Maxwell, a Canadian athlete and entrepreneur, along with Jennifer Biddulph, and Mike McCollum. They started in Maxwell's kitchen, where they formulated the recipe using the knowledge of Jennifer Biddulph, a nutritionist. The two would eventually marry. They used $55,000 in cash to launch the company in 1986 in Berkeley, California. This was the first "energy bar" for use during competition by endurance athletes, such as ultramarathoners and cyclists.[2] They eventually acquired a headquarters building in downtown Berkeley.[citation needed]
The company eventually reached $150 million in sales before being purchased by Nestlé in 2000 for $375 million.[2] In February 2007, PowerBar moved its headquarters from Berkeley, California, to the Nestlé headquarters in Glendale, California.[citation needed]
On February 3, 2014, Post Holdings announced it had reached an agreement to acquire PowerBar, Musashi and related worldwide assets from Nestlé.[3] In 2021, PowerBar regained control of their brand and became a registered trademark of Premier Nutrition Company, LLC.[1]
See also
[edit]References
[edit]- ^ a b "PowerBar® Sports Nutrition Energy Protein Snack Bars". 2021.
- ^ a b "Raising the Power Bar: The Brian Maxwell story", Running Magazine, Dan Hill, September 21, 2010. Retrieved November 10, 2017.
- ^ "Post acquires PowerBar, Musashi brands from Nestlé". Drug Store News. February 3, 2014. Retrieved February 4, 2014.
External links
[edit]
- Official website
- "PowerBar founder collapses" (20 March 2004), San Francisco Chronicle
- Center.spoke.com: Mike McCollum, Board Member
| Post Consumer Brands |  | |
|---|---|---|
| Weetabix Ltd. | ||
| Private brands | ||
| Other | ||
| Former | ||
| Related | ||
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- 1986 establishments in California
- American brands
- American companies established in 1986
- Companies based in Berkeley, California
- Companies based in Glendale, California
- Dietary supplements
- Energy food products
- Food and drink companies based in California
- Food and drink companies established in 1986
- Food manufacturers of the United States
- Post Consumer Brands brands
- Brand name food products stubs