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MARIE CALLENDER PIE SHOPS, INC. ANNOUNCES RECAPITALIZATION

 ORANGE, Calif., Jan. 13 /PRNewswire/ -- Marie Callender Pie Shops, Inc., announced today that it has completed a recapitalization of its bank and subordinated debt. The transaction transfers control of the company to Saunders & Karp, L.P., the New York based merchant banking firm. Terms of the transaction were not disclosed.
 Marie Callender Pie Shops, Inc., operates and franchises a chain of 146 family restaurants in the western United States. The firm was founded in Southern California in 1964 and specializes in high-quality meals and baked goods.
 -0- 1/13/93
 /CONTACT: Charles Conine of Marie Callender, 714-542-3355; or Michael J. Rietbrock or Davis Weinstock II of Clark & Weinstock, 212-953-2550, for Marie Callender/


CO: Marie Callender Pie Shops, Inc. ST: California IN: LEI SU: RCN

GK-OS -- NY066 -- 4561 01/13/93 16:28 EST
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Publication:PR Newswire
Date:Jan 13, 1993
Words:133
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