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Goya Foods, Inc., is a private company American multinational producer and distributor of foods and beverages sold in the United States and many Spanish-speaking countries. The company operates facilities in the United States, Puerto Rico, the Dominican Republic, and Spain. It is under third-generation ownership of the Spanish-American Unanue family and is headquartered in Jersey City, New Jersey.
The company was founded in 1936 by Prudencio Unanue Ortiz and Carolina Casal de Valdez, a Spanish married couple who emigrated to New York City. Upon Prudencio's death in 1976, the company was valued at $8.5 million, and was passed on to sons Joseph, Charles, Francisco, and Anthony. Under Joseph's tenure as chief executive Goya became a major corporation, which by 1998 produced about 800 food items, employed 2,000 workers, and had about US$700 million in annual revenue. In 2004, Joseph was ousted by fellow family members, who replaced him with Robert Unanue, son of Anthony. By that time, the company was generating more than $1 billion in annual revenue.
When Prudencio Unanue died in 1976, he left Goya to his sons, Joseph, Charles, Francisco, and Anthony.Susanne Craig, Joseph A. Unanue, Former Chief Executive of Goya Foods, Dies at 88, New York Times (June 15, 2013). Joseph A. Unanue became president and chief executive of Goya, then just an $8.5 million company,Miriam Jordan, A Family Fights Over the Future Of Goya Foods, Wall Street Journal (March 11, 2004). sharing control with Francisco, who served as president of Goya de Puerto Rico Inc., responsible for much of the company's manufacturing operations.Joseph B. Treaster, Joseph F. Unanue, 41, Executive Vice President at Goya Foods, New York Times (December 4, 1998). Joseph A. Unanue's son, Joseph F. Unanue, was general manager and vice president of Goya de Puerto Rico from 1989 to 1996, when he became executive vice president at the company's New Jersey headquarters, assuming the No. 2 position in the company; he died two years later.
During Joseph A. Unanue's decades at the head of the company Goya grew to become a major corporation. By 1998, the company had 2,000 employees, and about $700 million in revenue from about 800 food items (including rice, beans, sauces, and spices). He was ousted from his then position as Goya chairman and CEO in 2004, amid a feud in the Unanue family about the direction of the company. At the time Goya was generating from $750 millionStephen Miller, Joseph Unanue Took Hispanic Food to the Masses at Goya Foods, Wall Street Journal (June 14, 2013). to more than $1 billion in revenue. Joseph's son Andy Unanue, the chief operating officer of the company, was forced out of Goya amid the disagreement,Robert Schwaneberg, NJ Senate candidate Andy Unanue fell from grace at family's company, NJ.com (March 26, 2008). prompting litigation. Robert Unanue (Anthony's son) and made the decision to remove Andy, who had previously been considered the "heir apparent" to Goya. Joseph Unanue retained a significant stake in the company, and retained a seat on its board; he died in 2013. Robert Unanue has been the chief executive since 2004.Lauren Hirsch, Family-run Latin food giant Goya weighs possible $3 billion sale, CNBC May 29, 2020). The fracturing of Goya's ownership among its founders' descendants has frequently led to disputes about the company's strategy.
In 2012, the company began construction on a $127 million distribution center in the industrial Meadowlands area of Jersey City, backed by New Jersey state that aided the company in its move from Secaucus.Heather Haddon, Goya Foods Breaks Ground in Jersey City, Wall Street Journal (September 5, 2012).
In 2019, Goya had talks with The Carlyle Group about a possible buyout, which did not proceed.Cathy Siegner, Report: Goya Foods rejects sale to retain family leadership, Food Dive (November 27, 2019).Pan Demetrakakes, Report: Goya Rejects Buyout Offer, Food Processing (November 27, 2019).
Between 2014 and 2016 Goya opened five new facilities including manufacturing and distribution centers located in New Jersey, Texas, California, and Georgia to meet rising consumer demand. Currently, Goya Foods is headquartered on a lot in Jersey City, New Jersey. Goya also operates a manufacturing facility in San Cristóbal, Dominican Republic, and a distribution center in Bayamón, Puerto Rico.
Unanue's comments prompted a call for a public boycott on social media, which was supported by various Latino public figures, including Alexandria Ocasio-Cortez, Julian Castro, and Lin-Manuel Miranda. In response, Unanue stated the next day that this was a "suppression of speech" and declined to apologize for his comments. Supporters called for an anti-boycott "buycott" in support of the company. Goya used its corporate Twitter account to call attention to its pledge made at the White House event to donate cans of food for those affected by COVID-19, and a Goya supporter launched a GoFundMe campaign that raised money to buy Goya products and donate them to food bank.
On December 7, 2020, Unanue stated that Ocasio-Cortez was named "employee of the month" after her boycott call led to a 1000% sales spike. On January 26, 2021, Goya's board of directors voted to censure Unanue following statements disputing the 2020 United States presidential election, banning him from speaking to the media. An anonymous CNN source familiar with the board’s actions claimed that Unanue's statements "imperiled the future of the company and endangered the lives of some of the shareholders," and that the controversy following Unanue's White House appearance had not been good for the company. The majority of the company's board favored removing Unanue from his position, but the family-owned business regulations did not allow for that.
During CPAC 2021, Goya Foods CEO Unanue claimed the 2020 election was illegitimate, and that Donald Trump was "the real, the legitimate, and the still actual president".
In April, 2023, Jura Liaukonyte, an economics professor at Cornell University said that boycott efforts of Goya foods had not only failed, but had actually led to an increase in Goya sales. Liaukonyte made the statement during an interview regarding the 2023 boycott of Bud Light beer. Boycotts are typically short lived, Liaukonyte said, and in the case of Goya had backfired, as sales had increased from first-time buyers.
Description
Goya manufactures and distributes products from the Spanish cuisine, Puerto Rican, Caribbean, Mexican cuisine, Cuban Cuisine and Central and South American cuisine. Their products are sold in stores and supermarket chains throughout the United States (including Puerto Rico) and international markets. In 2006, Forbes ranked Goya 355th on its list of the largest private companies in the United States.
Corporate affairs
Goya Gives
"Goya Gives" is a program to support various charities, scholarships, and events, and includes donations of products to food shelters and food banks during times of crisis, such as Hurricane Maria in Puerto Rico. In March and April 2020, in response to the COVID-19 pandemic, Goya donated over of food, or about 270,000 meals, to food banks and other organizations in the United States, and also donated more than 20,000 protective masks.
MyPlate/MiPlato campaign
In 2012, the company joined First Lady Michelle Obama's "MyPlate" healthy eating initiative.
Political views
On July 9, 2020, at a White House roundtable discussion of the Hispanic Prosperity Initiative with President Donald Trump, Goya Foods co-owner and CEO Robert Unanue praised Trump, saying the country was "truly blessed ... to have a leader like President Trump, who is a builder" and adding, "we have an incredible builder and we pray, we pray for our leadership, our president and for our country, that we continue to prosper and to grow."
In popular culture
Goya Foods logo and imagery has been featured in artwork, including paintings, prints and sculptures, most notably by Cuban Americans artist Ric Garcia, sculptor Alexander Mijares, painter John Kilduff, and others.
See also
External links
Categories: American Companies Established In 1936, Food Product Brands, Food Manufacturers Of The United States, Food And Drink Companies Based In New Jersey, Companies Based In Jersey City, New Jersey, Hispanic And Latino American Cuisine, Hispanic And Latino American Culture In New York City, Hispanic And Latino American Culture In New Jersey, Latin American Cuisine, Spanish-american Cuisine, Spanish-american Culture In New York City, Food And Drink Companies Established In 1936, Latino Conservatism In The United States, 1936 Establishments In New York City, Privately Held Companies Based In New Jersey
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