Business Description
Bridgford Foods Corporation, a California corporation, was organized in 1952.
We originally began operations in 1932 as a retail meat market in San Diego,
California and evolved into a meat wholesaler for hotels and restaurants, a
distributor of frozen food products, a processor and packer of meat, and a manufacturer
and distributor of frozen food products for sale on a retail and wholesale basis.
For more than the past five years we and our subsidiaries have been primarily
engaged in the manufacturing, marketing and distribution of an extensive line
of frozen and snack food products throughout the United States. Bridgford Foods
Corporation has not been involved in any bankruptcy, receivership, or similar
proceedings since inception nor have we been party to any merger, acquisition,
etc. or acquired or disposed of any material amounts of assets during the past
five years. Substantially all of our assets have been acquired in the ordinary
course of business.
Our products are delivered to customers using several distinct distribution
channels. The distribution channel utilized is dependent upon the needs of our
customers, the most efficient proximity to the delivery point, trade customs,
operating segment as well as product type, life and stability. Among our customers
are many of the country’s largest broadline and specialty food service
distributors. These and other large end purchasers occasionally go through extensive
qualification procedures and our manufacturing capabilities are subjected to
thorough review by the end purchasers prior to our approval as a vendor. Large
end purchasers typically select suppliers that can consistently meet increased
volume requirements on a national basis during peak promotional periods. We
believe that our manufacturing flexibility, national presence, and long-standing
customer relationships should allow us to compete effectively with other manufacturers
seeking to provide similar products to our current large food service end purchasers,
although no assurances can be given.
The factors that contribute to higher or lower margins generated from each method
of distribution depend upon the accepted selling price, level of involvement
by our employees in setting up and maintaining displays, distance traveled and
fuel consumed by our company-owned fleet as well as freight and shipping costs
depending on the distance the product travels to the delivery point. Management
is continually evaluating the profitability of product delivery methods, analyzing
alternate methods and weighing economic inputs to determine the most efficient
and cost effective method of delivery to fulfill the needs of our customers.
We continually monitor the consumer acceptance of each product within our extensive
product line. Individual products are regularly added to and deleted from our
product line. Historically, the addition or deletion of any individual product
has not had a material effect on our operations in the current fiscal year.
We believe that a key factor in the success of our products is our system of
carefully targeted research and testing of our products to ensure high quality
and that each product matches an identified market opportunity. The emphasis
in new product introductions in the past several years has been in single service
items. We are constantly searching to develop new products to complement our
existing product lines and improve processing techniques and formulas. We utilize
an in-house test kitchen and consultants to research and experiment with unique
food preparation methods, improve quality control and analyze new ingredient
mixtures.
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