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Beatrice's new owners plan a sale of assets.

March 13, 1986

The food and consumer products company's new management would sell $1.45 billion in assets during Beatrice Cos.' first 18 months as a private entity, according to a statement filed with the SEC. Last month, Beatrice directors approved a $6.4-billion leveraged buy-out by the New York investment banking firm of Kohlberg Kravis Roberts & Co. and former Esmark Chairman Donald P. Kelly. Sale of the assets, which were not identified, will be necessary to make the first two installments of debt repayments and interest obligations, the document said. Beatrice shareholders will meet April 11 in New York to vote on the sale.

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