|| Print ||
|Articles - July 2011|
|Wednesday, June 22, 2011|
Kirkman Group president David Humphrey says he prides himself on the purity of the food supplements his company makes in Lake Oswego and sells globally. So it bothered him profoundly to have to recall several products in December 2009 after learning they were contaminated with antimony, a toxic chemical.
“We can’t be preaching on being a great company, watching out for stuff, and having a heavy metal in one of our products that might harm children,” says Humphrey. So Kirkman spent about a million dollars on dealing with the recall, then spent another $2 million on a long-term solution: a lab across the street from headquarters with mass spectrometry machines to identify and analyze potential contaminants in ingredients used to make the enzymes, probiotics and vitamin pills that Kirkman sells.
Questionable ingredients in over-the-counter “nutraceuticals” have become a vexing problem in a loosely regulated $26 billion industry. Humphrey, who does not shy from hyperbole, says contaminants in supplements have resulted in “hundreds if not thousands of deaths.” Most of the ingredients for these products come from overseas, where oversight is lax or nonexistent, and when they enter the United States they are not tested.
Humphrey says Kirkman’s new testing protocol goes far beyond what the Food and Drug Administration requires. He argues that testing ingredients carefully could improve standards in the industry, at a minimal cost. “For 50 cents a jar, you could test everything,” he says. “If the suppliers know we won’t buy contaminated product, they won’t ship it.”
Kirkman specializes in supplements for people with dietary restrictions and environmental sensitivities. The company has a history of selling to families with autistic children, although its catalog contains an oft-repeated disclaimer that products are “not intended to diagnose, treat, cure or prevent any disease.”
Humphrey took over the family business from his father 10 years ago, growing revenues to over $12 million and jobs from five to 100. About 20 employees work in the new testing lab. Humphrey says the new lab represents “a challenge to other companies in this business to do the same thing.”
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Monday, June 16, 2014
The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.
Thursday, June 26, 2014
Friday, May 30, 2014
BY DEBRA RINGOLD | OB GUEST CONTRIBUTOR
Since 1970 the performance of our public education system has steadily deteriorated.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Powerlist: Staffing Firms|
|Taxis Uber Alles?|
|Facebook revenue surges 61%|
|Walmart unexpectedly fires CEO|
|GM profit declines 80%|
|Study: Dogs can feel jealousy|
|Boeing profit surges 52%|
|Apple: iPhone sales jump|
|Comcast profit rises 15%|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.
From its first-ever member forum, to upcoming Board elections, the Oregon-based, non-profit health organization is focused on letting members control their healthcare destiny.