DUBILIER & COMPANY TO ACQUIRE CPC INTERNATIONAL'S MELBA TOAST BUSINESS.BRONX Bronx, river, c.20 mi (30 km) long, issuing from Kensico Reservoir, SE N.Y., and flowing SW through the Bronx into the East River. The Bronx River Parkway, one of the first limited-access highways in the New York City area, parallels a portion of the river. , N.Y.--(BUSINESS WIRE)--June 4, 1997--Dubilier & Company announced today that it has reached an agreement to purchase 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. International's melba toast Melba toast n. Very thinly sliced crisp toast. [After Nellie Dame Melba.] Word History: business, including its Bronx facility, through an affiliated company. Terms of the transaction were not disclosed. The business includes: Old London and Devonsheer melba toast, rounds, and bread crumbs See bread crumb. ; Old London and Toastettes croutons; and JJ Flats flatbreads. The Eastchester Road production facility, which was completed in 1968, currently employs approximately 200 people. The sale is expected to be completed within two months. "The melba business has an excellent management team, skilled and dedicated workforce, and strong market share," said Michael J. Dubilier, a principal of Dubilier & Company. "We look forward to capitalizing on these strengths and bringing additional production into the Bronx plant." CPC is selling the business in line with its strategy to focus more closely on its core businesses. "As we said earlier, we hoped to find a buyer that would operate the business as a going concern and maintain employment at the plant," said Nina Henderson, president of CPC Specialty Markets Group. "We are pleased to have been able to do that." Dubilier & Company is a New York-based private investment firm. The acquisition will be consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. through a joint venture with Cramer Rosenthal McGlynn, Inc., an investment firm based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and White Plains. CONTACT: Chris Tofalli 212-229-2222 or Gale Griffin CPC International 201-894-2407 |
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