CHIQUITA TO ACQUIRE PRIVATE-LABEL VEGETABLE CANNER
CHIQUITA TO ACQUIRE PRIVATE-LABEL VEGETABLE CANNER CINCINNATI, Nov. 18 /PRNewswire/ -- Chiquita Brands International,
Inc. (NYSE: CQB) announced today that it has signed a letter of intent to acquire by merger Friday Canning Corporation. A definitive agreement is expected to be signed by year-end.
"We believe Friday is an excellent fit for our business and growth strategy," said Keith E. Lindner, president and chief operating officer of Chiquita. "Friday is one of the largest U.S. private-label vegetable canning processors, and its quality products are sold to retail and foodservice customers in 26 countries worldwide." Friday will continue to operate as it has for more than 65 years and Chiquita plans to retain existing management. The company, headquartered in New Richmond, Wis., was founded in 1925. Friday operates eight processing facilities in Wisconsin. Chiquita is a leading international marketer, processor and producer of quality fresh and prepared food products. -0- 11/18/91 /CONTACT: Sandra W. Heimann of Chiquita Brands International, Inc., 513-784-8011/ (CQB) CO: Chiquita Brands International, Inc. ST: Ohio IN: FOD SU: TNM KK -- CL001 -- 1223 11/18/91 08:29 EST
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|Date:||Nov 18, 1991|
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