AR-News: (US FL) New Jersey Doctors Grow a Line of Heart-Healthy
Frozen Foods
Animalara2003 at aol.com
Animalara2003 at aol.com
Mon Apr 5 23:34:34 EDT 2004
By Martha McKay, The Record, Hackensack, N.J. Knight Ridder/Tribune Business
News
Apr. 5 - There's only so much frozen gefilte fish you can sell.
That was the market reality facing a pair of cardiac surgeons who found
themselves co-owners of an Elmwood Park frozen gefilte fish factory on the brink of
bankruptcy.
Financially speaking, Dr. Peter Praeger and Dr. Eric Somberg didn't need to
buy Ungar's Food Products in 1994. The physicians, now both 56, had a
successful practice at Hackensack University Medical Center performing open heart
surgery.
But they bought the business anyway.
In the decade that followed, they created a line of heart-healthy frozen
dishes like spinach-potato pancakes and veggie burgers called Dr. Praeger's
Sensible Foods, quadrupled the workforce, received rave reviews from some
prestigious food critics, and turned a profit.
So what were these heart surgeons thinking when they bought the factory? And
more to the point, why did they do it?
full story:
http://www.miami.com/mld/miamiherald/business/national/8361715.htm
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