PowerBar is an American maker of energy bars and other related products (particularly sports drinks, gel-based foodstuffs for distance athletes, and the Pria bars targeted at women).
The PowerBar company was founded by Brian Maxwell, a Canadian athlete and entrepreneur, in his kitchen with Maxwell's girlfriend, Jennifer Biddulph, a nutritionist who later became his wife and Mike McCollum. He used $55,000 in cash to launch the company in 1986 in Berkeley, California. This was the first "energy bar" for use by endurance athletes, such as ultra marathoners, jiu jitsu practitioners and cyclists, while competing. He eventually acquired a headquarters building in downtown Berkeley.
The company eventually earned $150 million in sales before being purchased by Nestlé in 2000 for $375 million.
In February 2007, PowerBar moved its headquarters from Berkeley, CA to the Nestlé headquarters in Glendale, CA. With the move came the hiring of an entirely new marketing team.
Famous quotes containing the words power and/or bar:
“In the theory of gender I began from zero. There is no masculine power or privilege I did not covet. But slowly, step by step, decade by decade, I was forced to acknowledge that even a woman of abnormal will cannot escape her hormonal identity.”
—Camille Paglia (b. 1947)
“O City city, I can sometimes hear
Beside a public bar in Lower Thames Street,
The pleasant whining of a mandolin
And a clatter and a chatter from within
Where fishmen lounge at noon.”
—T.S. (Thomas Stearns)