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MORNINGSTAR ACQUIRES FAVORITE FOODS UNIT

 DALLAS, April 1 /PRNewswire/ -- The Morningstar Group, Inc. (NASDAQ: MSTR) today reported that it has completed its previously announced acquisition of Favorite Foods, a specialty dairy products affiliate of Nestle U.S.A. Inc. Morningstar stated that it had borrowed all the necessary funds from its existing senior lenders.
 Favorite Foods, based in Fullerton, Calif., recorded 1992 sales of $44 million. Favorite's specialty dairy products include yogurt, sour cream, cottage cheese and a variety of cream products.
 James A. Bach, Morningstar's president and chief executive officer, said: "The acquisition of Favorite Foods strengthens our core specialty dairy food business, especially in the yogurt category. This transaction significantly expands our outstanding product lines and represents the first step in fueling Morningstar's growth not only through internal means, but also via strategic acquisition."
 Morningstar, based in Dallas, is a national producer of specialty dairy and branded food products. Its specialty dairy products include cottage cheese, sour cream, yogurt and a variety of cream products. Its branded products include International Delight flavored non-dairy creamers, Second Nature egg substitutes, Naturally Yours no-fat sour cream, and Lactaid ultrapasteurized milk. For the year ended Dec. 31, 1992, Morningstar reported sales from remaining operations of approximately $350 million.
 Morningstar was acquired by Hicks, Muse & Co., Incorporated, an investment firm, in March 1991 and successfully completed an initial public offering in April 1992.
 -0- 4/1/93
 /CONTACT: Tracy L. Noll, vice president and chief financial officer of Morningstar Group Inc., 214-360-4777, or Roy Winnick of Kekst and Company, 212-593-2655/
 (MSTR)


CO: The Morningstar Group, Inc.; Favorite Foods ST: Texas, California IN: FOD SU: TNM

SM -- NY033 -- 1925 04/01/93 10:05 EST
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Publication:PR Newswire
Date:Apr 1, 1993
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