In 1975, David Merage co-founded Chef America, a national frozen food manufacturer known for inventing and marketing Hot Pockets©, Lean Pockets©, and Croissant Pockets©. At the time of its sale to Nestlé in 2002 for $2.6B, the company had reached $750 million in annual sales, employed 1,800 people, and was growing at a rate of 15% per year, making it one of the most successful food companies in the world. After the sale of Chef America, David Merage founded Consolidated Investment Group, a Denver-based investment management company specializing in capital markets, commercial real estate, and philanthropy.
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