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TRIARC COMPANIES' SEPSCO UNIT SIGNS LETTER OF INTENT TO SELL ICE BUSINESSES

 WEST PALM BEACH, Fla., Nov. 16 /PRNewswire/ -- Triarc Companies' Southeastern Public Service Company (SEPSCO) unit announced today that it had signed a letter of intent to sell substantially all of the operating assets of its ice businesses to Southwestern Ice, Inc. for $5 million in cash, $4 million in notes and the assumption of certain current liabilities of about $1 million. SEPSCO said it would retain certain real estate assets associated with the businesses which it intends to sell separately.
 The sale is the fourth in a series of transactions authorized by the Triarc board to dispose of or discontinue all of SEPSCO's operating businesses and assets, other than the LP gas business. These sales are part of Triarc's plan to focus on its core businesses. SEPSCO is a 71-percent-owned subsidiary of Triarc (AMEX: TRY).
 SEPSCO's ice businesses had sales last year of about $14 million. Southwestern Ice is located in Phoenix, Ariz.
 Triarc recently changed its name from DWG Corporation. A diversified company with sales in excess of $1 billion, Triarc is involved in fast food (Arby's), soft drinks (Royal Crown Cola), textiles (Graniteville), and liquified petroleum gas (National Propane).
 -0- 11/16/93
 /CONTACT: Jerry Hostetter of Triarc, 212-230-3185/
 (TRY)


CO: Triarc Companies; Southeastern Public Service Company ST: Florida IN: SU:

TW-JG -- NY036 -- 5005 11/16/93 11:02 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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