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NABISCO FOODS GROUP TO ACQUIRE STELLA D'ORO

 NABISCO FOODS GROUP TO ACQUIRE STELLA D'ORO
 PARSIPPANY, N.J., Aug. 31 /PRNewswire/ -- The Nabisco Foods Group


announced today that it has reached an agreement to purchase the Stella D'oro Company.
 A privately held company with headquarters in New York City, Stella D'oro markets breadsticks, breakfast treats, and specialty cakes, pastries and snacks. It had sales last year of approximately $65 million.
 Terms of the agreement were not disclosed.
 H. John Greeniaus, president of the Nabisco Foods Group, said the acquisition is "an ideal complement to Nabisco's line of cookies and crackers."
 "Stella D'oro's products add a new dimension to our portfolio. Its high-quality, specialty baked goods have an increasing appeal with today's consumers.
 "We look forward to significant growth of the Stella D'oro line through strengthened distribution and substantial new product development," he said.
 Stella D'oro, which employes 575 people, has bakeries in New York City, St. Elmo, Ill., and San Leandro, Calif.
 The Nabisco Foods Group, a subsidiary of RJR Nabisco, markets a broad variety of products, including Oreo and Chips Ahoy! cookies; Ritz and Premium crackers; Fleischmann's and Blue Bonnet margarines; Grey Poupon Dijon mustard; and A.1. Steak Sauce.
 -0- 8/31/92
 /CONTACT: Henry A. Sandbach of Nabisco Foods Group, 201-682-7098/ CO: Nabisco Foods Group; Stella D'oro Company; RJR Nabisco ST: New Jersey IN: REA SU: TNM


BN-BR -- AT006 -- 4884 08/31/92 10:32 EDT
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Date:Aug 31, 1992
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