Schreiber Foods Inc. will manufacture and distribute the alternative dairy products of Galaxy Nutritional Foods Inc. under an agreement the companies announced.
Schreiber Foods Inc. will manufacture and distribute the
alternative dairy products of Galaxy Nutritional Foods Inc. under an
agreement the companies announced. Under the agreement, Schreiber Foods
will acquire Galaxy's plants and related operations. The company
will make Galaxy's plant-based alternative dairy products for five
years beginning in September. Galaxy serves retailers and institutional
clients. Terms of the transaction were not disclosed. The agreement
requires approval by Galaxy's shareholders and primary lenders. It
is expected to close by November. Schreiber Foods is a privately held
manufacturer of processed and natural cheese, and prepared entrees to
the foodservice and retail markets. Its products are primarily sold
through private-label distribution programs.
COPYRIGHT 2005 Informa Economics, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.
|
Reader Opinion