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EAGLE SNACKS TO ACQUIRE ASSETS OF PENNSYLVANIA CHIP COMPANY

 EAGLE SNACKS TO ACQUIRE ASSETS OF PENNSYLVANIA CHIP COMPANY
 DALLAS, May 15 /PRNewswire/ -- Eagle Snacks, Inc., the salted snack subsidiary of Anheuser-Busch Companies, Inc.(NYSE: BUD), will acquire some of the assets of L-G Potato Chip Co., of York, Penn., Eagle Snacks announced today.
 The purchase will be effective May 29, said Eagle Snacks president Kevin F. Bowler.
 The key assets being acquired are L-G's 120,000 square foot manufacturing and packaging facility in York and the plant's equipment, Bowler said. He said Eagle will use the facility to produce and package Eagle brand potato chips.
 "Eagle Snacks, Inc. needs this additional capacity because we are the fastest growing company in the salted snack industry," Bowler said. "Customers have caught on to Eagle's superior quality and value, giving us the largest market share gains in the industry in each of the last three years. This new plant will help us respond to that demand."
 The new plant will be used primarily to serve the Northeast. Eagle will invest several million dollars to increase the plant's capacity and make other improvements, Bowler said.
 The L-G plant currently employs about 200 workers. Bowler said they would not be affected by the change of ownership.
 L-G has been owned since 1988 by George Phillips, a Boston-area businessman who bought the company from Southland Corp. Eagle was founded in 1979. The former L-G plant will become Eagle's fifth production facility.
 Anheuser-Busch Companies, Inc. is a St. Louis-based diversified corporation with subsidiaries that include the world's largest brewing organization, the country's second-largest producer of fresh-baked goods and the second-largest theme park operation in the United States. Its Eagle Snacks subsidiary is based in Dallas.
 -0- 5/15/92
 /CONTACT: Paul Wagman or Rich Eichwald, 314-982-1700, for Anheuser- Busch/
 (BUD) CO: Eagle Snacks Inc.; L-G Potato Chip Co. ST: Texas, Pennsylvania IN: FOD SU: TNM


SH -- NY056 -- 0724 05/15/92 11:56 EDT
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Publication:PR Newswire
Date:May 15, 1992
Words:318
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