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MERRILL LYNCH CAPITAL PARTNERS COMPLETES THE ACQUISITION OF BEATRICE FOODS FROM ONEX

 MERRILL LYNCH CAPITAL PARTNERS COMPLETES THE
 ACQUISITION OF BEATRICE FOODS FROM ONEX
 NEW YORK, Nov. 26 /PRNewswire/ -- Merrill Lynch Capital Partners, Inc. announced today that it has completed its previously announced acquisition of Beatrice Foods from a subsidiary of Onex Corporation for approximately Cdn$475 million.
 Beatrice Foods is the sixth largest food company in Canada and a leading Canadian dairy products company with facilities in Ontario, Quebec, Manitoba, Saskatchewan and Alberta. Beatrice had annual sales of over Cdn$800 million.
 Gerald S. Armstrong, executive vice president of Merrill Lynch Capital Partners, said, "The chemistry between our organizations has been very good since the beginning. We look forward to a long and mutually successful relationship."
 Since its formation in 1981, Merrill Lynch Capital Partners has completed 32 transactions with an aggregate value of approximately $17 billion. Portfolio companies managed by Merrill Lynch Capital Partners include Borg Warner Corporation, Londontown Corporation, Jack Eckerd Corporation, Simmons Company and others. Investors in the partnerships managed by Merrill Lynch Capital Partners include many of the world's largest financial institutions, pension funds and institutional investors.
 The Toronto-Dominion Bank acted as agent for the senior bank financing, while Merrill Lynch & Co. (NYSE: MER) acted as placement agent for the issuance of senior subordinated notes.
 -0- 11/26/91
 /CONTACT: Robert F. End of Merrill Lynch Capital Partners, 212-339-8500, or Richard Jones of Beatrice Foods, 416-626-5500/
 (MER) CO: Merrill Lynch Capital Partners Inc.; Beatrice Foods;
 Onex Corporation ST: New York IN: FIN SU:


CK-TS -- NY048 -- 7304 11/26/91 12:39 EST
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Publication:PR Newswire
Date:Nov 26, 1991
Words:255
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