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RJR NABISCO IN DISCUSSIONS TO PURCHASE PHOENIX CONFECTIONS ASSETS

 NEW YORK, Nov. 23 ~PRNewswire~ -- RJR Nabisco announced today that it has entered into discussions to purchase the assets of Phoenix Confections, Inc., manufacturers of the Now and Later brand candy.
 A spokesman for RJR Nabisco's Nabisco Foods Group said that the contemplated transaction has received Federal Trade Commission clearance.
 Based in Parsippany, N.J., the Nabisco Foods Group markets a broad variety of products including Oreo and Chips Ahoy! cookies, Ritz and Premium crackers, Fleishmann's and Blue Bonnet margarines, Grey Poupon Dijon mustard, A.1. Steak Sauce, Planters nuts and snacks, Life Savers candies and Bubble Yum and Care*free gums.
 -0- 11~23~92
 ~CONTACT: Henry A. Sandbach for Nabisco, 201-682-7098, or Peter Ruof for Phoenix, 203-629-9200~


CO: RJR Nabisco; Phoenix Confections, Inc. ST: New York, New Jersey IN: TOB SU: TNM

BR-EA -- AT012 -- 0636 11~23~92 14:31 EST
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Publication:PR Newswire
Date:Nov 23, 1992
Words:143
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