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RED GOLD PURCHASES STOKELY TOMATO OPERATIONS

 ELWOOD, Ind., Aug. 6 /PRNewswire/ -- Brian Reichart, president of Red Gold, Inc., Elwood, Ind., has announced the purchase of the tomato operations of Stokely, U.S.A. (NASDAQ-NMS: STKY). In addition, Red Gold licensed the Stokely's Finest Tomato Label in the United States.
 Reichart stated that "We are very pleased to offer Stokely's Finest Tomato Products to our many loyal customers."
 Although the future of the Paulding, Ohio, plant is uncertain, the volume and customer base represented by this acquisition positions Red Gold to continue its expansion into the highly competitive tomato products market.
 Red Gold, Inc., headquartered in Orestes, Ind., manufactures fancy tomatoes and tomato products. Among these are the very popular Red Gold Diced Tomatoes, Diced Tomatoes and Green Chilies, Salsa, and Ketchup Picante. The family-owned company also operates the Red Giant processing plant in Elwood, Ind. Besides the popular Red Gold brand, the company also processes extensively for private label, institutional, and industrial customers and government agencies.
 -0- 8/6/93
 /CONTACT: Patricia Scott, marketing manager of Red Gold, Inc., 317-754-7527/
 (STKY)


CO: Red Gold, Inc.; Stokely, U.S.A. ST: Indiana; Ohio IN: AGR SU: TNM

KL -- CL022 -- 0430 08/06/93 16:53 EDT
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Publication:PR Newswire
Date:Aug 6, 1993
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