2013 Business Week Article: Weber Grills: Mostly Made in America by Private Equity


 

Chris Allingham

Administrator
Staff member
Interesting article from June, 2013 about the Weber family selling majority stake in the company to private equity investors and about Weber CMO Mike Kempster.

http://www.businessweek.com/article...ills-mostly-made-in-america-by-private-equity

Sixty-one years ago, George Stephen got tired of wind and rain messing up his cooking on an open-air grill, the main barbecue tool of the day. He grabbed a buoy made where he worked, Weber Brothers Metal Works in Illinois. He sliced it in half and fashioned a tight-fitting dome lid. It didn’t work very well until a neighbor suggested he poke holes in the kettle so air could fuel the fire. The Weber grill was born.

Stephen eventually bought the Weber metal shop, creating Weber-Stephen Products of Palatine, Ill., which is now the world’s largest grill manufacturer. The privately held company doesn’t disclose financials, but Euromonitor International says Weber-Stephen claims 35 percent of the $2.5 billion U.S. market, with rival Char-Broil a distant second.

In 1971, Stephen hired Mike Kempster, Weber-Stephen’s current chief marketing officer. He calls himself the “godfather of the brand.” In a warehouse adjoining a plant in Huntley, Ill., Kempster gestures at thousands of shrink-wrapped boxes of grills and smokers stacked in 20-foot towers. “Looks like a big supply, right?” he asks. “It’s probably less than a week.” He won’t specify how much the factory produces, but around 80 trucks haul stuff away daily. Shipments peak at about 110 semis a day just before July 4.
 

 

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