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LEADING FROZEN YOGURT MANUFACTURER TO RESTRUCTURE

 LEADING FROZEN YOGURT MANUFACTURER TO RESTRUCTURE
 CONCORD, Calif., Oct. 15 /PRNewswire/ -- Honey Hill Farms, the


nation's leading manufacturer of frozen yogurt products, announced today that it voluntarily filed for Chapter 11 bankruptcy protection as part of its plan for a total financial restructuring of the company.
 The privately held company, which was founded in 1977, experienced double digit growth throughout the 1980s and attained a peak sales revenue of approximately $40 million.
 The company's restructuring plan will involve a pre-arranged equity transaction with an unspecified investor group, a debt reduction program, and the infusion of a substantial level of new working capital.
 A company spokesman predicted that they will "immediately emerge from the restructuring process as one of the strongest players in the fast growing frozen yogurt industry."
 Honey Hill Farms produces pints and quarts of premium frozen yogurt for the grocery trade, and maintains a predominant market share of the soft serve frozen yogurt business in the western United States. Honey Hill's products are sold throughout the United States and 14 international markets.
 -0- 10/15/92
 /CONTACT: Luci Lussing of Honey Hill Farms, 510-603-1500/ CO: Honey Hill Farms ST: California IN: FOD SU:


TB -- SF007 -- 0453 10/15/92 12:55 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
Words:204
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