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PowerBar, Inc. is an American maker of energy bars and other related products including sports drinks, gels, and the Pria bars targeted at women.

PowerBar
Subsidiary
IndustryFood processing
Founded1986
FounderBrian Maxwell, Jennifer Biddulph
Headquarters,
Area served
North America, Europe
ProductsSports nutrition
RevenueUS$175 million (estimated, 2013)
OwnerPost Holdings
Websitewww.powerbar.com
Photo of Bay Area (2005), with PowerBar sign just recognizable, at top of high rise in downtown Berkeley (center left)

Contents

HistoryEdit

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, who would later become Maxwell's wife. 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 ultra marathoners, and cyclists.[1] They eventually acquired a headquarters building in downtown Berkeley.

The company eventually reached $150 million in sales before being purchased by Nestlé in 2000 for $375 million.[1] In February 2007, PowerBar moved its headquarters from Berkeley, California to the Nestlé headquarters in Glendale, California. With the move came the hiring of an entirely new marketing team.[citation needed]

On February 3, 2014, Post Holdings announced it had reached an agreement to acquire PowerBar, Musashi and related worldwide assets from Nestlé.[2]

See alsoEdit

ReferencesEdit

  1. ^ a b Raising the Power Bar: The Brian Maxwell story, Running Magazine, Dan Hill, September 21, 2010. Retrieved November 10, 2017.
  2. ^ "Post acquires PowerBar, Musashi brands from Nestlé". Drug Store News. February 3, 2014. Retrieved February 4, 2014.

External linksEdit