John R. Simplot
Simplot (J. R.) Corporation
1928 - 1994
Food & Tobacco
b. 1909
| Personal | |
|---|---|
| Born-Died | 1909 |
| Birthplace | Iowa (IA) |
| Race | White |
| Father | Farmer / Rancher |
Investing in businesses that ranged from cattle to potatoes to fertilizer, Simplot used his talent at achieving efficiency and at spotting a growing market to garner enormous profits. Simplot capitalized on the Army’s World War II demands for food to build his potato business, and also effectively utilized government funding to build a fertilizer empire, gaining 15% of the market in 1968. Simplot’s other achievements included the creation of processes to de-hydrate potatoes and freeze dry french fries, the latter of which earned him a lucrative contract with McDonald's in the late 1960s.