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H-E-B - The history
Florence Butt founded H-E-B on November 26, 1905, when she started the C.C. Butt Grocery Store on the ground floor of her family home in Kerrville, Texas. In 1919, Howard Edward Butt, Florence's youngest son, took over the store upon his return from World War I. Soon after becoming the owner of his mother's small store, Howard tried four expansions into Central Texas, including one in Junction, all of which failed. Finally, in 1927, Howard launched a successful second store in Del Rio, Texas, followed by the purchase of three grocery stores in the Lower Rio Grande Valley. The first initials of Howard E. Butt became the name of the store.
Charles, the younger son of Howard E. Butt, became president of H-E-B in 1971. As of 2016, Charles Butt was chairperson and CEO of H-E-B, having grown the business from annual sales of $250 million in 1971 to $13 billion in 2006. In 2010, Craig Boyan was named H-E-B's President and COO. Nevertheless, as of 2018, Martin Otto, the former CFO, and Chief Merchant have become the COO. In 2011, the company was #12 on Forbes's list of biggest privately held companies; H-E-B was, for several years, until Dell went private in 2013, the largest privately held company in Texas. H-E-B acquired Favor Delivery as a wholly owned subsidiary in February 2018. The details of the merger were undisclosed.
In 2018, many central Texas H-E-B locations recalled 40 bread products due to complaints of bad smell and taste.
