A. E. Staley
Encyclopedia
A. E. Staley was a Decatur, Illinois
based processor of corn founded in 1898. It changed its name to Staley Continental in 1985. It produced a range of starch
products for the food, paper and other industries, high fructose corn syrup, crystalline fructose
(under the brand name Krystar), ethanol (fuel) and other agro-industrial products. A. E. Staley Manufacturing Company was the center of a controversy in 1992 when the company locked out hundreds of workers after the workers had rejected a contract amid accusations by management of destruction and tampering of company property and equipment.
in 1898. On 6 November 1906, he bought a factory in Decatur, Illinois
in order to start the production of food starch. The factory began processing on 12 March 1912.
The company has produced many famous household brands including Staley Pancake and Waffle Syrup, Sta-Puf fabric softener, and Sta-Flo liquid starch. The two latter brands were subsequently sold to Dial.
A. E. Staley Manufacturing was one of the largest processors of corn in the United States, second only to the Archer Daniels Midland
Corporation, also based in Decatur, Illinois. It also processed soybeans under a partnership agreement with Archer Daniels Midland
at its Decatur, Illinois plant.
In 1985, A.E. Staley purchased CFS Continental
, a wholesale grocery company, for $360 million. A.E. Staley stated a need to diversify away from bulk food processing. After the acquisition, A.E. Staley changed its name to Staley Continental.
In 1988, British company Tate & Lyle
acquired 90% of A. E. Staley for $1.42 billion. Prior to the purchase, Tate & Lyle
announced that it planned to sell CFS Continental
to SYSCO
, another wholesale grocer, for $700 million to help fund the acquisition. In 2000, Tate & Lyle
acquired the remaining 10% of A.E. Staley.
in 1920. In 1921, Staley turned the team over to George Halas
, who moved it to Chicago, changing the team name to the Chicago Bears
a year later. The team's mascot since 2003 is 'Staley Da Bear
.'
Decatur, Illinois
Decatur is the largest city and the county seat of Macon County in the U.S. state of Illinois. The city, sometimes called "the Soybean Capital of the World", was founded in 1823 and is located along the Sangamon River and Lake Decatur in Central Illinois. In 2000 the city population was 81,500,...
based processor of corn founded in 1898. It changed its name to Staley Continental in 1985. It produced a range of starch
Starch
Starch or amylum is a carbohydrate consisting of a large number of glucose units joined together by glycosidic bonds. This polysaccharide is produced by all green plants as an energy store...
products for the food, paper and other industries, high fructose corn syrup, crystalline fructose
Fructose
Fructose, or fruit sugar, is a simple monosaccharide found in many plants. It is one of the three dietary monosaccharides, along with glucose and galactose, that are absorbed directly into the bloodstream during digestion. Fructose was discovered by French chemist Augustin-Pierre Dubrunfaut in 1847...
(under the brand name Krystar), ethanol (fuel) and other agro-industrial products. A. E. Staley Manufacturing Company was the center of a controversy in 1992 when the company locked out hundreds of workers after the workers had rejected a contract amid accusations by management of destruction and tampering of company property and equipment.
History
Augustus Eugene Staley (born 25 February 1867 - 26 December 1940) founded a sales company for food starch in BaltimoreBaltimore
Baltimore is the largest independent city in the United States and the largest city and cultural center of the US state of Maryland. The city is located in central Maryland along the tidal portion of the Patapsco River, an arm of the Chesapeake Bay. Baltimore is sometimes referred to as Baltimore...
in 1898. On 6 November 1906, he bought a factory in Decatur, Illinois
Decatur, Illinois
Decatur is the largest city and the county seat of Macon County in the U.S. state of Illinois. The city, sometimes called "the Soybean Capital of the World", was founded in 1823 and is located along the Sangamon River and Lake Decatur in Central Illinois. In 2000 the city population was 81,500,...
in order to start the production of food starch. The factory began processing on 12 March 1912.
The company has produced many famous household brands including Staley Pancake and Waffle Syrup, Sta-Puf fabric softener, and Sta-Flo liquid starch. The two latter brands were subsequently sold to Dial.
A. E. Staley Manufacturing was one of the largest processors of corn in the United States, second only to the Archer Daniels Midland
Archer Daniels Midland
The Archer Daniels Midland Company is a conglomerate headquartered in Decatur, Illinois. ADM operates more than 270 plants worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial and animal feed markets worldwide.ADM was named the...
Corporation, also based in Decatur, Illinois. It also processed soybeans under a partnership agreement with Archer Daniels Midland
Archer Daniels Midland
The Archer Daniels Midland Company is a conglomerate headquartered in Decatur, Illinois. ADM operates more than 270 plants worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial and animal feed markets worldwide.ADM was named the...
at its Decatur, Illinois plant.
In 1985, A.E. Staley purchased CFS Continental
CFS Continental
CFS Continental, Inc. was a wholesale food distributor started in 1915 by Jacob Cohn in Chicago as the Continental Coffee Company which now part of SYSCO.- History :...
, a wholesale grocery company, for $360 million. A.E. Staley stated a need to diversify away from bulk food processing. After the acquisition, A.E. Staley changed its name to Staley Continental.
In 1988, British company Tate & Lyle
Tate & Lyle
Tate & Lyle plc is a British-based multinational agribusiness. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index as of 20 June 2011...
acquired 90% of A. E. Staley for $1.42 billion. Prior to the purchase, Tate & Lyle
Tate & Lyle
Tate & Lyle plc is a British-based multinational agribusiness. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index as of 20 June 2011...
announced that it planned to sell CFS Continental
CFS Continental
CFS Continental, Inc. was a wholesale food distributor started in 1915 by Jacob Cohn in Chicago as the Continental Coffee Company which now part of SYSCO.- History :...
to SYSCO
SYSCO
Sysco Corporation is the global leader in marketing and distributing food products to restaurants, healthcare and educational facilities, hotels and inns, and other foodservice and hospitality businesses...
, another wholesale grocer, for $700 million to help fund the acquisition. In 2000, Tate & Lyle
Tate & Lyle
Tate & Lyle plc is a British-based multinational agribusiness. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index as of 20 June 2011...
acquired the remaining 10% of A.E. Staley.
Chicago Bears football team
Staley founded a company football team, the Decatur Staleys, in 1919. The players worked as semi-professionals in his factory. The team was a charter member of what became the National Football LeagueNational Football League
The National Football League is the highest level of professional American football in the United States, and is considered the top professional American football league in the world. It was formed by eleven teams in 1920 as the American Professional Football Association, with the league changing...
in 1920. In 1921, Staley turned the team over to George Halas
George Halas
George Stanley Halas, Sr. , nicknamed "Papa Bear" and "Mr. Everything", was a player, coach, owner and pioneer in professional American football. He was the iconic longtime leader of the NFL's Chicago Bears...
, who moved it to Chicago, changing the team name to the Chicago Bears
Chicago Bears
The Chicago Bears are a professional American football team based in Chicago, Illinois. They are members of the North Division of the National Football Conference in the National Football League...
a year later. The team's mascot since 2003 is 'Staley Da Bear
Staley Da Bear
Staley Da Bear is the official mascot of the Chicago Bears of the National Football League. He is an anthropomorphic bear with a customized team jersey. Staley's name is eponymous to A. E. Staley, who originally founded the Bears’ franchise in 1919. He debuted during the 2003 Chicago Bears season...
.'