Donald Friese
Donald Friese | |
|---|---|
| File:Donald Friese 2020.jpg Friese in 2020 | |
| Born | 3 October 1940 York, Pennsylvania, U.S. |
| Occupations | CEO of C.R. Laurence Co., Inc. |
| Title | Founder and CEO of C.R. Laurence Co., Inc. |
| Spouse | Andrea Friese |
| Children | 3 |
| Website | www |
Donald Friese (born October 3, 1940) is an American billionaire businessman, and the chief executive (CEO) and former owner of C.R. Laurence Co., Inc., a glazing supplies company.[1]
Early life
[edit | edit source]Donald Friese was born in 1940 in York, Pennsylvania, the third of 13 siblings.[2] After his high school graduation, he joined the U.S. Army in 1958, trained as a missile mechanic, and was stationed in Taiwan and Okinawa.[2] He served in the army for 3 years before moving to Los Angeles with $125 in his pocket to find a job.[3]
Career
[edit | edit source]Friese started at C.R. Laurence in Los Angeles, which then had just one location, with an "entry-level job", as its sixth employee.[1][2] A few years later, Bernie Harris, the owner, sold him a 10% stake, and he gradually acquired more, eventually buying Harris out when he retired.[2] When Harris retired in 1997, Friese bought the 50% he did not already own. He expanded the business by acquiring competitors and launching a manufacturing operation. By 2015, the company manufactured more than 65,000 products for the glass industry.[3] In 2015, Friese sold the company to the Irish conglomerate CRH plc for $1.3 billion cash, retaining most of the real estate and continuing as CEO.[2] It was reported that Friese made $885 million from the sale of the company.[3]
Personal life
[edit | edit source]Friese and his wife Andrea live in Chatsworth, Los Angeles. They have three children.[1][2]
References
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