Slim-Fast Foods Company · Englewood Cliffs, NJ United States

Fitness fanatic and billionaire S. Daniel Abraham helped shake up the weight-loss industry with the introduction in 1977 of his Slim-Fast meal-replacement drinks. After the success of the Slim-Fast shake, as well as other weight-loss remedies such as the over-the-counter drug Dexatrim, Slim-Fast Foods was spun off in 1990 from Abraham's Thompson Medical to capitalize on the needs of weight-conscious consumers. Unilever bought Slim-Fast Foods in 2000 for about $2.6 billion. The company sells some 50 Slim-Fast and Slim-Fast Optima branded drink powders, ready-to-drink shakes, and snack and meal bars through retailers in the US, Mexico, Canada, Ireland, the UK, and Germany. To read the full description, subscribe now.