Slim-Fast Company Description
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 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, snack bars, and other foods through retailers in the US, Mexico, Canada, Ireland, the UK, and Germany.
View the Comprehensive Company Description for Slim-Fast
The Company Description provides a historical perspective of Slim-Fast's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Slim-Fast's evolution in the marketplace.
