Gregg L. Engles

AAA

DEFINITION of 'Gregg L. Engles'

The chairman and CEO of Dallas-based milk processor and distributor Dean Foods Co. (formerly Suiza Foods). Engles is best known for his consolidation of the dairy industry. Engles and his business partners began with the purchase of Suiza Dairy in 1993, and Velda Farms in 1994. In 1996, they created Suiza Foods Corp. by merging the dairy companies with their packaged ice company, Reddy Ice Group. However, they sold the ice company in 1998, in order to focus on dairy. Suiza Foods became a major force in the industry, with $1 billion in sales in 1997 and dozens of acquisitions. In 2001, Suiza acquired Dean Foods Company and began operating under its name.

INVESTOPEDIA EXPLAINS 'Gregg L. Engles'

Engles was born in 1957 in Oklahoma, raised in Denver and earned his JD from Yale in 1982. He began his career as a law clerk for the U.S. Court of Appeals but did not remain in law for long. He attempted to form a jet time-share business, then almost went bankrupt investing in real estate just before the market crashed. In 1988, prior to entering the dairy business, Engles and his business partner Bob Kaminski purchased Reddy Ice. Over the next two years they worked to consolidate the ice business by purchasing 15 ice plants.

RELATED TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  3. Consolidation

    In technical analysis, the movement of an asset's price within ...
  4. Corporate Action

    Any event that brings material change to a company and affects ...
  5. Corporation

    A legal entity that is separate and distinct from its owners. ...
  6. Corporate Governance

    The system of rules, practices and processes by which a company ...
RELATED FAQS
  1. What is the difference between a merger and a takeover?

    In a general sense, mergers and takeovers (or acquisitions) are very similar corporate actions - they combine two previously ... Read Full Answer >>
  2. How are Rupert Murdoch's holdings distributed?

    Rupert Murdoch owns a controlling share of News Corporation and over 750 different businesses. Some of the major brands he ... Read Full Answer >>
  3. How did Bernard Baruch attain his wealth?

    Bernard Baruch obtained his fortune by investing in profitable stocks on Wall Street. Baruch is known as a legendary stock ... Read Full Answer >>
  4. Why was Bernard Baruch known as the "Park Bench Statesman?"

    As someone who preferred to conduct his meetings in informal settings and was led by persuasion rather than pressure, Bernard ... Read Full Answer >>
  5. How did Nathan Rothschild become a stock exchange speculator?

    Market maker Nathan Rothschild learned much of his financial savvy from his father, who dealt in coins and paper money. He ... Read Full Answer >>
  6. What advice does Howard Schultz offer would-be business moguls?

    Starbucks CEO, billionaire and former sports tycoon Howard Schultz has several pieces of advice for would-be moguls and, ... Read Full Answer >>
Related Articles
  1. Insurance

    Evaluating The Board Of Directors

    Corporate structure can tell you a lot about a company's potential. Learn more here.
  2. Personal Finance

    Antitrust Defined

    Check out the history and reasons behind antitrust laws, as well as the arguments over them.
  3. Markets

    Get Tough On Management Puff

    Company managers are often skilled at fooling investors. Be critical and don't believe the hype.
  4. Options & Futures

    Governance Pays

    Learn about how the way a company keeps its management in check can affect the bottom line.
  5. Bonds & Fixed Income

    Trademarks Of A Takeover Target

    These tips can lead you to little companies with big prospects.
  6. Entrepreneurship

    8 Fascinating Traits Billionaires Have In Common

    A top-notch education isn't enough to strike it rich. Nothing compares to learning the habits of the world's famous entrepreneurs and industry leaders.
  7. Investing

    7 Investing Mistakes Warren Buffett Regrets

    Even the “Oracle of Omaha” has made a few money mistakes investing, from losing billions by passing on stock options to companies destined to fail.
  8. Professionals

    Top Places to Work for Financial Advisors

    Looking for a job in the financial services sector? Here's a list of the top companies for financial advisors.
  9. Professionals

    Azim Premji: India's Generous Manufacturing Mogul

    Azim Premji transformed a cooking fat company into a conglomerate that's advanced India's IT sector, but he's also someone who helps the less privileged.
  10. Investing

    Meet The Advisors To The Richest People In The U.S

    Celebirty financial advisors to the rich can offer important money lessons anyone can learn — as well as a whole host of mistakes to avoid.

You May Also Like

Hot Definitions
  1. Mixed Economic System

    An economic system that features characteristics of both capitalism and socialism.
  2. Net Worth

    The amount by which assets exceed liabilities. Net worth is a concept applicable to individuals and businesses as a key measure ...
  3. Stop-Loss Order

    An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit ...
  4. Covered Call

    An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset ...
  5. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly spreads use four option contracts with the same expiration ...
  6. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
Trading Center