SANDERS CONFECTIONERY PRODUCTS ANNOUNCES SIGNING OF LETTER OF INTENT TO ACQUIRE BUSINESS OF COUNTRY HOME BAKERY, INC.
SANDERS CONFECTIONERY PRODUCTS ANNOUNCES SIGNING OF LETTER OF INTENT TO ACQUIRE BUSINESS OF COUNTRY HOME BAKERY, INC. BIRMINGHAM, Mich., March 13 /PRNewswire/ -- Sanders Confectionery Products, Inc. today announced the signing of a mutual letter of intent to acquire the business represented by the Sanders retail stores from Country Home Bakery, Inc. Under provisions of the understanding between the companies, Sanders will produce all of its product lines with the exception of baked goods, which will continue to be supplied by Country Home Bakery of Michigan, Inc. John Sanders, chairman, and Filipp Kreissl, president of Sanders Confectionery Products, said the acquisition defined in the understanding represents the first significant step in again providing income-producing assets to the 3,000 shareholders of the company. "We look forward," said Sanders, "to the opening of many new Sanders stores throughout this area over the next five years." -0- 3/13/92 /CONTACT: John Sanders or Filipp Kreissl of Sanders Confectionery Products, Inc., 313-540-8125/ CO: Sanders Confectionery Products, Inc.; Country Home Bakery, Inc. ST: Michigan IN: FOD SU: TNM
SM -- DE004 -- 7674 03/13/92 09:05 EST
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|Date:||Mar 13, 1992|
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