Soon after, Lewis acquired Beatrice Foods, which operated 64 companies across 31 countries, and the deal was valued at $985 million, “the largest leveraged buyout of overseas assets by an American company at that time.”
What’s more, he disrupted TLC Beatrice International as chairman and CEO by repositioning the company, minimizing debt, and increasing its value.
“By 1992, the company had sales of over $1.8 billion annually, making it the first black-owned business to generate a billion dollars in annual sales,” according to his bio.