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When did Stater Bros start?
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From the start, the new owners of Stater Bros. talked about eventually taking the chain public. In 1985, the company took steps to prepare for an initial offering of stock, forming a holding company to make the offering and house the subsidiaries.
Tracing its beginnings back to a small grocery store in Yucaipa, CA, twin brothers and World War II veterans Cleo and Leo Stater purchased the original Stater Bros. Market from W.A. Davis with a $600 down payment.
It was founded in Yucaipa, California, on August 17, 1936, by twin brothers Cleo and Leo Stater when they purchased the market owned by Cleo's boss, W. A. Davis, with a $600 down payment ($13,174 in 2023 dollars [3]). [4]
Jul 25, 2011 · Petrolane sold the Stater chain in 1983 to Hampshire Industries, which took a 51% stake, and La Cadena Investments — a company headed by Brown — which took a 49% stake. The chain went public ...
- Elliot Zwiebach
Jul 21, 2023 · A complete timeline of Stater Bros.'s History from founding to present including key milestones and major events.
Aug 16, 2016 · Aug. 17, 1936: 24-year-old twin brothers Cleo and Leo Stater buy the W.A. Davis Market in Yucaipa with a $600 down payment on a $10,000 loan. 1937: The brothers acquire a second store at 530...
Industry: Food and Drug Stores. CEO: Jack H. Brown. Website: https://www.staterbros.com. Ticker: Company type: Revenues ($M): $3,860. Profits ($M): $30. Market value ($M): Number of...