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HEARTLAND INC. SIGNS AGREEMENT IN PRINCIPLE TO ACQUIRE WESTERN REGION FOOD PROCESSING COMPANY

 HEARTLAND INC. SIGNS AGREEMENT IN PRINCIPLE
 TO ACQUIRE WESTERN REGION FOOD PROCESSING COMPANY
 FRESNO, Calif., Nov. 6 /PRNewswire/ -- John H. Wise, chairman of the board of Heartland Inc. (OTC) reported today that the company has entered into an agreement in principle to acquire 100 percent ownership of an undisclosed, privately held, diversified food processing company.
 The prospective acquisition manufactures a wide range of processed beef, poultry and pork products, including luncheon meats and deli products. These products are currently being sold throughout the United States.
 The prospective acquisitions' annual revenues are approximately $25 million on a profitable basis.
 The proposed purchase price is approximately $5 million in cash and assumption of obligations.
 The transaction is subject to final due diligence, completion of external financing, and is expected to close prior to Dec. 31, 1992.
 Heartland Inc. with operations in California, Colorado and Nebraska, is a vertically integrated food products and services company which produces, processes and distributes beef and related meat products for markets in the United States and Pacific Rim countries.
 -0- 11/6/92
 /CONTACT: Bill Coffin of Financial Relations Board, 818-783-2400, for Heartland/ CO: Heartland Inc. ST: California IN: FOD SU: TNM


EH-ML -- LA015 -- 8208 11/06/92 13:22 EST
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Publication:PR Newswire
Date:Nov 6, 1992
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