M. J. Pritchard has been in business for over 50 years, is a well-known processor of high quality feed for thoroughbred and other performance horses. The Company markets vitamin mineral supplements and other nutrition products which are produced according to its special formulations.
After the founder died, the business experienced several operating and cash flow problems during a three to four year period. With the Company near bankruptcy, Mr. Wilsey and an associate acquired the outstanding common stock of the Company. Mr. Wilsey was named CEO with the responsibility of reviving the Company. The Company was subsequently sold several years after successful revitalization.