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CREATIVE BAKERIES, INC. Announces Completion of Acquisition of Chatterley Elegant Desserts

PARSIPPANY, N.J., Sept. 2 /PRNewswire/ -- CREATIVE BAKERIES, INC. (Nasdaq: CBAK) announced today that it has purchased Chatterley Elegant Desserts, located in Fairfield, New Jersey. The combined revenue of the two companies is now in excess of $9 million. The new Company is in a strong operating position and has no bank debt or long term debt.

Chatterley Elegant Desserts is a manufacturer of high quality baked products. Chatterley Elegant Desserts' area of distribution heretofore has been regional. The Company anticipates expanding its distribution with the combined management's expertise.

Philip Grabow, CEO of CREATIVE BAKERIES, INC., said, "We are very excited about the addition of Chatterley Elegant Desserts to our Company. The consolidation process of the Batter Bake and Chatterley Elegant Desserts subsidiaries under one roof will be beneficial to our cost of operations and continued growth."

CREATIVE BAKERIES, INC. offers a broad line of premium quality batter products, pastries, cakes, pies, cookies and other assorted desserts.

SOURCE Creative Bakeries, Inc.
 -0- 09/02/97


/CONTACT: Philip Grabow, of CREATIVE BAKERIES, INC., 201-808-8248, or Barry Kaplan, of Barry Kaplan Associates, 908-747-0702, for CREATIVE BAKERIES/

(CBAK)

CO: Creative Bakeries, Inc.; Chatterley Elegant Desserts ST: New Jersey IN: FOD SU: TNM

JA -- NYTU025 -- 3143 09/02/97 09:39 EDT http://www.prnewswire.com
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Copyright 1997 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 2, 1997
Words:212
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