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P&G ANNOUNCES INTENT TO SELL MARYLAND CLUB BUSINESS

 CINCINNATI, Aug. 18 /PRNewswire/ -- The Procter & Gamble Company (NYSE: PG) announced today its intent to sell Maryland Club Foods, Inc., a Houston-based subsidiary whose primary product is coffee for the foodservice industry.
 "Long-term, we believe we'll be more successful in the foodservice coffee business if we divest our Maryland Club business and focus on our strong and growing Folgers brand," said Stephen P. Donovan, group vice president, food and beverage.
 "We remain committed to the foodservice coffee business. Folgers plays to P&G's strengths, offering our customers a strong brand equity and superior high-yield technology at a good price," Donovan said.
 The decision to sell Maryland Club is part of P&G's previously announced organizational restructuring plan.
 The Maryland Club subsidiary employs about 240 people. P&G will continue to manufacture and sell Maryland Club products until a buyer is found.
 Procter & Gamble makes and markets a wide range of products for consumers and industry. For fiscal 1992-93, P&G had net sales of $30.4 billion.
 -0- 8/18/93
 /CONTACT: Wendy Jacques of Procter & Gamble, 513-945-8550/
 (PG)


CO: The Procter & Gamble Company ST: Ohio, Texas IN: HOU FOD SU:

BM -- CL013 -- 3873 08/18/93 11:15 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
Words:200
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