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DGA also manufactures synthetic magnesium silicate. DGA is
the only manufacturer of synthetic magnesium silicate in the
Western Hemisphere. It markets this product under the trade name
Magnesol.
About 50 percent of DGA’s sales of Magnesol are to fast food
chains such as McDonald’s (DGA’s largest customer), which use
Magnesol to filter frying oil from other compounds to extend the
life of the frying oil. About 40 percent of DGA’s sales of
Magnesol are for use in the manufacture of polymers. Ten to
twenty percent of DGA’s sales of Magnasol are to international
food services and industries. About 70 percent of DGA’s gross
revenue in 1999-2000 was from sales of Magnasol.
4. Financial Status and Senior Management
Petitioner chairs DGA’s board. His son, Robert Dallas II
(Robert), is president, his son, David Dallas (David), is chief
executive officer, and John Felowitz (Felowitz) is chief
financial officer and executive vice president. David has worked
for Reagent or DGA since 1974, and Robert has worked for either
Reagent or DGA since 1972. DGA paid petitioner and his two sons
salaries and bonuses in the following amounts in 1998, 1999, and
2000:
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Last modified: May 25, 2011