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This is Chris Redgrave for Zions Bank Speaking on Business.
The next time you're eating cereal or enjoying a taco or chips and salsa at an authentic Mexican restaurant, you may be interested to know they could have been made with products from right here in Utah. Honeyville Food Products in Brigham City is one of the largest providers of food grade corn in the Western United States.
How brilliant is this? They discovered an opportunity in the Hispanic market to provide raw corn for companies that make tortillas, and it's really worked out for them. In addition to corn, Honeyville Food Products provides close to 30 different types of grain including wheat, soy, buckwheat, barley, rye, oats and bran, just to name a few. Their products are distributed all over the United States, and they have major operations centers in three different states.
This company's growth and diversification over the years have been impressive. Lowell Sherratt, Sr., founded the company in 1951 as a small grain mill in Honeyville. When he turned the business over to his son, Lowell, Jr, that's when things really took off. The customer base steadily grew.
Honeyville Food Products has always kept the front door open for the Utah locals as well as their national customers. So, over the past several years they've opened a retail store in Brigham City, Salt Lake City, Los Angeles and Phoenix.
They have their own line of products that includes bakery items, grain products and even freeze-dried foods for emergency preparedness. They're also one of the largest drink mix manufacturers in the United States. Even if you're not familiar with the Honeyville Food Products brand, you have probably tasted their private label products.
This 60-year-old company is entering the fourth generation of family ownership. That's impressive considering only 10 percent of businesses make it to the third generation. At 82, Lowell Sherratt, Jr., heads the company. With such a wide mix of inventory, Honeyville Food Products is a great example of why the Kauffman Foundation named Utah the most dynamic economy in the nation. That's outstanding!
For Zions Bank, I'm Chris Redgrave, speaking on business.
Honeyville Food Products 1080 N. Main, Ste. 101 Brigham City, UT 84302 435-494-4200 www.honeyvillegrain.com