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Hansen Foods Inc

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November 12, 1988 | JUBE SHIVER Jr., Times Staff Writer
The fizz has gone out of beverage maker Hansen Foods Inc. Saddled with paying for a costly new plant at a time when its natural soda niche was under assault by new competitors, Hansen this week filed for protection under Chapter 11 of the federal bankruptcy code. In its petition, filed Wednesday in U.S. District Court in Los Angeles, Hansen listed debts of $32.6 million and assets of $34.7 million.
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BUSINESS
September 23, 1989 | MARIA L. La GANGA, Times Staff Writer
Saddled with debt from an aggressive acquisition drive, Erly Industries Inc., the Los Angeles-based conglomerate that owns Comet Rice, will sell its less profitable divisions and concentrate on its core businesses of juice and rice, company officials said. Erly's problems began in 1988. A year earlier, the company loaned $24 million to struggling Hansen Foods to help the natural soft-drink maker restructure its business. In return, Erly was to receive 50% of Hansen's profits.
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BUSINESS
September 23, 1989 | MARIA L. La GANGA, Times Staff Writer
Saddled with debt from an aggressive acquisition drive, Erly Industries Inc., the Los Angeles-based conglomerate that owns Comet Rice, will sell its less profitable divisions and concentrate on its core businesses of juice and rice, company officials said. Erly's problems began in 1988. A year earlier, the company loaned $24 million to struggling Hansen Foods to help the natural soft-drink maker restructure its business. In return, Erly was to receive 50% of Hansen's profits.
BUSINESS
November 12, 1988 | JUBE SHIVER Jr., Times Staff Writer
The fizz has gone out of beverage maker Hansen Foods Inc. Saddled with paying for a costly new plant at a time when its natural soda niche was under assault by new competitors, Hansen this week filed for protection under Chapter 11 of the federal bankruptcy code. In its petition, filed Wednesday in U.S. District Court in Los Angeles, Hansen listed debts of $32.6 million and assets of $34.7 million.
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