The TLC Group purchases Beatrice Foods for $985M

Posted byThe Black BlogPosted inToday in History

August 10

On August 9, 1987, the TLC Group owned by Reginald Lewis purchased Beatrice Foods, a Chicago based international food company, for $985 million.

The TLC group was the first black owned business to earn $1 billion in sales. 

Sources

Investment Firm Buys Beatrice Food Unit

Reginald Lewis

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