Cruzan International, Inc. Retains TM Capital Corp. to Explore Strategic Alternatives for Florida Distillers Company.WEST PALM BEACH, Fla. -- Cruzan International, Inc. announced that it has engaged TM Capital Corp. to explore strategic alternatives for its Florida Distillers Company ("FDC FDC - Floppy Disk Controller " or the "Company") division, including a possible sale. FDC, established in 1964, is a leading manufacturer and marketer of bulk and branded beverage alcohol products, specialty foods and ingredients, and flavorings. The Company also contract bottles a variety of branded beverage and food products including Cruzan(R) rum rum, spirituous liquor made from fermented sugarcane products. Prepared by fermentation, distillation, and aging, it is made from the molasses and foam that rise to the top of boiled sugarcane juice. and Seagrams(R) vodka. FDC is the leading producer in the U.S. of citrus brandy and citrus spirits which are used as ingredients in a variety of beverage alcohol products. The Company also produces a broad range of cooking wines and vinegar products that are sold to more than 350 food manufacturers and retailers. Branded products sold by FDC include Ron Carlos(R) rum, Edmundo(TM) cooking wine and Paul Dupre(R) wine reductions. In addition, the Company controls more than 50 trademarks and trade names for various other food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. products. Florida Distillers conducts its operations through four facilities totaling over 800,000 square feet located in Auburndale, Lake Alfred and Winter Haven Winter Haven, resort city (1990 pop. 24,725), Polk co., central Fla; settled 1883. It is a marketing, processing, and shipping center for one of the state's chief citrus-fruit regions, with fruit-canning plants and packing houses. , FL and Louisville, KY. The Company's capabilities include fermentation fermentation, process by which the living cell is able to obtain energy through the breakdown of glucose and other simple sugar molecules without requiring oxygen. Fermentation is achieved by somewhat different chemical sequences in different species of organisms. , distillation distillation, process used to separate the substances composing a mixture. It involves a change of state, as of liquid to gas, and subsequent condensation. The process was probably first used in the production of intoxicating beverages. , wine making, brewing and bottling at these facilities. Cruzan International, Inc. is owned by V&S Vin & Spirit AB, the Swedish-based wine and spirits company that markets the Absolut(R) brand of vodka and other beverage alcohol products. Cruzan International, Inc., which markets the Cruzan(R) rum brand in addition to owning FDC, was acquired by V&S in March 2006. V&S is evaluating strategic alternatives for FDC in order to maintain its focus on its branded spirits businesses. |
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