Bush Brothers Reports $1 Billion Revenue as Family Keeps Control
Bush Brothers, the largest U.S. canned bean producer, generates an estimated $1 billion in annual revenue. Fourth-generation chairman Drew Everett said the company plans to expand beyond baked beans while remaining family-owned.
ForbesBush Brothers, based in Knoxville, Tennessee, sells 80 percent of America's canned baked beans and more than one-third of all canned beans sold in the United States. The company distributes its products, which include baked beans, pinto beans, black beans, kidney beans, cannellini beans, and chickpeas, to over 100,000 retailers. J.
Bush in Chestnut Hill, Tennessee. The family began canning tomatoes in 1908 and later added other vegetables. Its signature baked beans line launched in 1969.
Drew Everett, 56, has served as chairman since 2015. He stated the company remains committed to a narrow product focus centered on beans. Everett also said more than 60 family shareholders, employees, and directors have completed family-business governance training at the Kellogg School of Management.
In 2019 the company hired its second outside family CEO, Al Williams. Williams said the family intends for the business to continue indefinitely and that employees support that goal. Everett noted the family receives regular acquisition inquiries but consistently declines them.
35 billion. 5 percent. The company declined to comment on its financial results. Everett said beans benefit from current consumer interest in fiber, protein, and convenience. 50 per can and highlighted increased demand tied to higher meat prices and interest in lower-cholesterol foods.
Key Facts
Story Timeline
5 events- 1897
A.J. Bush opened a general store in Chestnut Hill, Tennessee.
1 sourceForbes - 1908
The family began canning tomatoes.
1 sourceForbes - 1969
Bush Brothers introduced its baked beans product line.
1 sourceForbes - 2015
Drew Everett became chairman of Bush Brothers.
1 sourceForbes - 2019
Al Williams was hired as the company's second outside family CEO.
1 sourceForbes
Potential Impact
- 01
Continued family ownership may limit outside capital raises or acquisitions.
- 02
Higher meat prices could increase demand for lower-cost bean products.
Transparency Panel
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