Clayton Mathile
Clayton Lee Mathile, born January 11, 1941 is an American billionaire businessman, best known for leading Iams to nearly $1 billion in sales before selling it to Procter & Gamble for $2.3 billion in 1999 in what was, at the time, the largest cash-only deal in P&G’s history.
- In 1970, after ditching his job as an accountant at the Campbell Soup Company, Clayton Mathile became employee number six at pet food maker Iams.
- While at Iams, Mathile says he made his first million in 1981.
- Mathile bought Iams in 1982, when it had $13 million in sales. P&G acquired it from him for $2.3 billion in 1999.
- Video chat app ooVoo, in which he was a shareholder, shut down in November 2017.
- In 2008 he spent $130 million to start Aileron, a Dayton-based school that offers management training for small business owners.
