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  • Heinz to Buy Branded Mexican Frozen Food Producer from Fenway Partners

    Fenway Partners, a private investment firm, announced today that The H. J. Heinz Company has purchased Delimex, a rapidly growing producer and distributor of branded, high-quality frozen Mexican foods. Terms of the transaction were not disclosed.

  • Fleming Reports Second Quarter Adjusted Earnings Up 60%

    Fleming Companies Inc. today reported a 59.7 percent increase in second quarter 2001 net earnings to $22.4 million, or $0.46 per share, after adjustments to exclude strategic plan charges and one-time items, compared to$14.0 million, or $0.35 per share, in the second quarter of 2000. Second quarter adjusted operating earnings of $66.1 million increased 20.5 percent from $54.9 million in the prior year.

  • Stater Bros. Holdings Announces 3Q Increase

    Jack H. Brown, chairman, president and CEO of Stater Bros. Holdings Inc. announced financial results for the 13-week third quarter and 39 weeks year to date period ended on June 24, 2001. Sales for the third quarter ended June 24, 2001 increased 5.4% to $639.9 million compared to $607.3 million for the 13 weeks ended June 25, 2000.

  • FTC Gives Merger of PepsiCo and Quaker Unconditional Clearance

    PepsiCo and The Quaker Oats Company said today they have received unconditional clearance from the Federal Trade Commission to merge. With the last remaining regulatory hurdle to the transaction removed, they intend to complete the transaction within the next several business days.

  • Hershey Foods Acquires Brazilian Chocolate and Confectionery Business

    William F. Christ, Executive Vice President and Chief Operations Officer, Hershey Foods Corporation, today announced that Hershey do Brasil, Hershey Foods' Brazilian subsidiary, has acquired the chocolate and confectionery business of Visagis.

  • SYSCO Posts 25th Year of Consecutive Sales and Earnings Growth

    SYSCO Corporation, the largest foodservice marketing and distribution organization in North America, today announced diluted earnings per share of $0.88 on sales of $21.8 billion for the fiscal year ended June 30, 2001, marking the 25th year of uninterrupted sales and earnings increases.

  • Catalina Marketing Expands Relationship with Carrefour Group

    Catalina Marketing France, adivision of Catalina Marketing Corporation, has announced that it has signed a contract with Carrefour Group, the second largest retailer in the world, to begin installation of the Catalina Marketing Network(R) in 500 newly converted Champion stores.

  • Unilever Completes Sale of Bestfoods Baking Company

    Unilever announced today that the sale of the Bestfoods Baking Company to George Weston Limited for $1.765 billion in cash has been completed.
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