CPC INTERNATIONAL ACQUIRES GOLDEN WONDER POT NOODLE IN THE UNITED KINGDOM.ENGLEWOOD CLIFFS, N.J.--(BUSINESS WIRE)--July 5, 1995--CPC International Inc. today announced that it has acquired the Golden Wonder Pot Noodle In the UK & Ireland, Pot Noodle is a well-known brand of ramen-style snack. Its dehydrated mixture consists of wide noodles, textured soya pieces, assorted dried vegetables and flavouring powder. Each pot is also packaged with a sachet of sauce, such as soy sauce. instant hot snacks business from Dalgety PLC, a leading United Kingdom-based food and agribusiness company, for approximately $280 million. Golden Wonder snacks form a complete line of noodle, pasta, and rice based products in single-serve containers. The business has sales of approximately $100 million. The Golden Wonder Pot Noodle brand ranks among the top 50 grocery brands in the United Kingdom, and the instant hot snacks line holds a strong leading share of this dynamically growing market category. C. R. Shoemate, chairman and chief executive officer of CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. , said, "This is a terrific addition to our portfolio. Pot Noodle instant hot snacks are convenient and highly attractive to on-the-go consumers. They fit well with our Knorr brand business, which also includes instant soups, pasta snacks, and other instant meals, and we see an excellent opportunity for geographical extension of this line of innovative products." CPC's affiliate in the United Kingdom is one of the most important of its worldwide businesses. In addition to the Knorr brand, it markets a wide range of grocery and foodservice products under such well-known brands as Hellmann's, Ambrosia ambrosia (ămbrō`zhə), in Greek mythology, food and drink with which the Olympian gods preserved their immortality. Extraordinarily fragrant, ambrosia was probably conceived of as a purified and idealized form of honey. , Marmite mar·mite n. 1. a. A large covered earthenware or metal cooking pot. b. A small covered earthenware casserole designed to hold an individual serving. 2. A petite marmite. , Bovril, and Napolina, all of which hold leading positions in their respective market categories. ABOUT CPC INTERNATIONAL: With sales of over $7.4 billion, CPC International Inc. is among the largest U.S. food companies and ranks as one of the 100 largest industrial companies in the U.S. Consumer foods account for 84% of the company's total sales. Best known among CPC's U.S. products are: Hellmann's and Best Foods Hellmann's and Best Foods are brand names that are used for the same line of mayonnaise and other food products. The Hellmann's brand is sold in the United States east of the Rocky Mountains, and also in Latin America, Europe, and Canada. mayonnaise, Mazola corn oil corn oil n. A pale yellow liquid obtained from the embryos of corn grains, used especially as a cooking and salad oil and in the manufacture of margarines. Noun 1. and margarine, Skippy peanut butter, Thomas' English muffins, Arnold breads, Mueller's pasta products, Karo KARO Kane Amateur Radio Operators (Kane, PA) syrup, and Knorr soups, sauces, and bouillons. Deriving more than 60% of its sales from operations outside the U.S., CPC is one of the nation's most international food companies. CPC is also one of the largest corn refiners, with operations in North America and Latin America. Worldwide, CPC International has operations in 60 countries. CONTACT: CPC International Inc., Englewood Cliffs Thomas DiPiazza (Media Contact) Corporate Communications Manager 201/894-2556 or John W. Scott (Investor Contact) V.P. Investor Relations Investor relations The process by which the corporation communicates with its investors. 201/894-2837 |
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