Green Giant Co - $1,000 Registered Bond - Owned by B & G Foods, Inc.
Inv# GB5100 Bond
4 1/4% $1000 Bond. Neatly hole cancelled. Great vignette of “Jolly Green Giant” by Federated Banknote Co. Excellent Condition. Green Giant and Le Sueur (spelled Le Sieur in Canada) are brands of frozen and canned vegetables owned by B&G Foods. The company's mascot is the Jolly Green Giant. The Minnesota Valley Canning Company was founded in 1903 in Le Sueur, Minnesota. It used the brand name "Le Sueur Z" for canned vegetables starting in 1903; "Le Sueur" by itself was first used in 1933.
The brand "Green Giant Great Big Tender Peas" was first used in 1925, and the figure of a giant was introduced three years later by Carly Stanek (Bingum). The brand was created in response to the discovery of a new variety of pea, the Prince of Wales; they were "oblong, wrinkled, and, as peas go, huge. Despite their size, they were tender, and had a special flavor and sweetness that couldn't be matched. The company went to the brands for which it canned and found that none of them wanted to sell the new peas. So Minnesota Valley decided to sell them under its own label. Rather than apologize for the size of the peas, they decided to emphasize it. They named the peas 'Green Giant.'" The original mascot had very little in common with the familiar green figure of today: he was a scowling caveman wearing a bearskin rather than foliage designed by John Olson from northwestern Minnesota (this original concept actually owed much to a dark Brothers Grimm fairy tale, Der Bärenhäuter – Bearskin).
In 1935 a young copywriter, Leo Burnett, revised the face of the brand: "he traded the bearskin for a leafy suit, gave the Giant a smile...and put the word 'Jolly' in front of the Giant's name." The Giant made his first television appearances in 1954, and was later voiced by Elmer Dresslar, Jr. The booming "Ho, ho, ho" became the Giant's signature tagline in 1961. Since 1972 he has had a young apprentice, the Little Green Sprout, who represents the consumer. The company was renamed to the Green Giant Company in 1950. In 1979 it merged with the Pillsbury Company; in 2001, the group was acquired by General Mills. In 2015, General Mills sold the brand to B&G Foods for $765 million in cash. Read more at https://en.wikipedia.org/wiki/Green_Giant
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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