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F&C INTERNATIONAL, INC. ANNOUNCES AGREEMENT TO FILE PLAN OF REORGANIZATION

 CINCINNATI, Dec. 7 /PRNewswire/ -- F&C International (NASDAQ: FCIN) is pleased to announce that it has signed an agreement with an investor to file a Plan of Reorganization in the U.S. Bankruptcy Court. Frank R. Budetti, C.E.O. of F&C, announced that he signed an agreement with Dr. Hans-Peter Wild. Dr. Wild is the owner of the Rudolf Wild Group of companies, based in Heidelberg, Germany. The company is one of the largest food ingredient manufacturers in Europe, with worldwide plants and operations. In the United States, Rudolf Wild of America, Inc. is a fifty percent shareholder of McCormick & Wild, a joint venture with McCormick & Co. (NASDAQ-NMS: MCCRK). F&C International will be operated as a stand-alone company, and will remain headquartered in Cincinnati.
 Dr. Wild will become chairman of the board and chief executive officer of the company. A Rudolf Wild executive, Gary Reimer, will become the chief financial officer. The purchase by Dr. Wild and the approval of the Plan of Reorganization must be submitted to the Bankruptcy Court by Dec. 17, 1993. The Plan of Reorganization must then be voted on and approved by the unsecured creditors and other constituencies. Subject to legal waiting periods and available Court dates, F&C could emerge from Chapter 11 by mid-March, 1994.
 F&C International is a creator and manufacturer of flavors used by producers in the food, beverage, household, institutional and pharmaceutical industries to impart or improve flavor in a wide variety of consumer products.
 -0- 12/7/93
 /CONTACT: Frank R. Budetti of F&C International, 513-782-5017/
 (FCIN MCCRK)


CO: F&C International; McCormick & Co.; Rudolf Wild Group; Rudolf Wild
 of America, Inc. ST: Ohio IN: FOD SU: BCY


KL-BU -- CL016 -- 1472 12/07/93 17:37 EST
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Publication:PR Newswire
Date:Dec 7, 1993
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