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TOOTSIE ROLL INDUSTRIES SIGNS AGREEMENT WITH WARNER-LAMBERT

 CHICAGO, Sept. 29 /PRNewswire/ -- Tootsie Roll Industries, Inc. (NYSE: TR) announced today that it has signed an agreement to purchase certain chocolate and caramel confectionery assets from Warner-Lambert Company (NYSE: WLA). The agreement includes the brands of Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies and Pom Poms.
 Melvin and Ellen Gordon, chairman and president respectively of Tootsie Roll Industries, said, "We are excited about adding these five well known brands to the Tootsie Roll Industries' family of products. We are especially pleased to be acquiring the manufacturing facility in Cambridge, Mass., where we expect to continue to make the highest quality candy products."
 Tootsie Roll Industries is one of the country's largest candy companies with headquarters in Chicago, operations in Tennessee, New York, Chicago, Mexico, and Canada, and sales in Europe, the Middle East, Central America and the Pacific Rim. The company sells a variety of Tootsie Roll branded products such as Tootsie Rolls, Tootsie Pops, Charms Blow Pops, Charms Squares, Mason Dots, Cella's Chocolate Covered Cherries, and Child's Play, an assortment of favorite Tootsie candies.
 Tootsie Roll products have been manufactured and sold in the United States since 1896 and have been a part of Americana for many generations. The Cambridge brands had 1992 sales of approximately $60 million. Tootsie Roll Industries' 1992 sales were $245 million.
 -0- 9/29/93
 /CONTACT: Ellen R. Gordon, president of Tootsie Roll Industries, 312-838-3400/
 (TR WLA)


CO: Tootsie Roll Industries, Inc.; Warner-Lambert Company ST: Illinois IN: FOD SU: TNM

LD-OS -- NY074 -- 6983 09/29/93 16:51 EDT
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Publication:PR Newswire
Date:Sep 29, 1993
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