Paul C.P. McIlhenny was 68. Gustaf Westfeldt Mcilhenny Family Founda is a private foundation based in New Orleans, LA that was founded in 1998. Hazard Grocery Company, owned by the cousin of a friend. McIlhenny died Saturday, according to a … AVERY ISLAND, LA.— Harold G. Osborn, a fifth-generation member of the the McIlhenny family, has been named president and chief executive officer of McIlhenny Co. The CEO and chairman of the company that makes Tabasco sauce has died in New Orleans. McIlhenny's Tabasco sauce became the original hot sauce--now a trademark and service mark of the McIlhenny Company. McIlhenny was a member of the storied clan whose 145-year-old company has been producing the original world-famous Tabasco sauce for several generations, since shortly after the Civil War. The Company offers spicy peppers, vinegar, ketchup, sauce, and salt products. The company's founder, Edmund McIlhenny, had been wiped out financially by the Civil War but found a market in New Orleans for the pepper sauce he made at … He was 68. PODCAST: Why Cristiano Ronaldo Is The World's Highest-Earning Athlete; 2017 Grateful Grads Index: Top 200 Best-Loved Colleges; Full List: The World's Highest-Paid Actors And Actresses 2017 The cause was apparently a heart attack. The Fortune: The privately held company is secretive about its finances, but Forbes estimates that co-owner Karl Albrecht alone is worth over $25.4 billion. Since 1868, the McIlhenny Company has produced Tabasco hot sauce at its Avery Island site. Mcilhenny Company, doing business as Tabasco, manufactures and distributes sauce products. In 1868, McIlhenny sent 350 samples to wholesalers in New York--including the E.C. As of 2019 they had $3.3 million in revenue and $22 million in assets. AVERY ISLAND, La.- The Board of Directors of McIlhenny Company, maker of TABASCO® Sauce and TABASCO® Brand products, today announced that Harold G. Osborn has been appointed as president and CEO. Mr. McIlhenny, the chairman and chief executive of the family-owned McIlhenny Company, died on Saturday in New Orleans.