CHOCK FULL O' NUTS CORPORATION ACQUIRES COFFEE BUSINESS FROM DANA BROWN - PRIVATE BRANDS, INC.
CHOCK FULL O' NUTS CORPORATION ACQUIRES COFFEE BUSINESS FROM DANA BROWN - PRIVATE BRANDS, INC. NEW YORK, Nov. 3 /PRNewswire/ -- Chock full o' Nuts Corporation (NYSE: CHF) announced today that it has acquired a controlling interest in Private Brands Coffee & Tea Company, a partnership which owns the coffee and tea business of Dana Brown - Private Brands, Inc. Dana Brown markets and sells coffee and tea products, servicing food retailers and distributors located primarily in the Midwest. Dana Brown's coffee products are principally distributed under the SAFARI brand label. "We see this acquisition as important to the long-term strategy of Chock full o'Nuts to increase our presence in the branded segment of the coffee market while expanding our geographic reach," said Mr. Joseph Breslin, Chairman and Chief Executive Officer. "We look forward to capitalizing on Dana Brown's reputation for quality and service." Chock full o' Nuts Corporation roasts, packs and markets regular, instant and decaffeinated coffees under the Chock full o' Nuts label. Its best known coffee product is its premium vacuum packed, all-method grind coffee. Hillside Coffee of California, a leading roaster, distributor and marketer of specialty whole bean coffees, provides a unique direct store delivery and full service merchandising program to supermarkets, utilizing attractive end-of-aisle, free-standing display kiosks with self-service grinders. The Company is also one of the largest marketers of foodservice and private label coffees, teas and related beverage products, as well as the number one supplier of consumer packaged in-the-shell peanuts in the United States. -0- 11/3/92 /CONTACT: Joseph Breslin, chairman and chief financial officer of Chock full o'Nuts, 212-532-0300/ (CHF) CO: Chock full o' Nuts Corporation; Private Brands Coffee & Tea Company; Dana Brown - Private Brands, Inc. ST: New York IN: FOD SU: TNM
PS -- NY032 -- 2040 11/03/92 11:46 EST
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|Date:||Nov 3, 1992|
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