November 21, 1991
Vestro Foods Inc., the Newport Beach specialty-food company, said its net income for the third quarter totaled $116,000, compared to $24,000 in the same period last year. Sales were up 6%, to $9.3 million from $8.8 million. The 1991 figure included a gain of $24,000 from use of a net operating loss carry-forward, while the 1990 period included an extraordinary charge of $116,000 from an adjustment to tax benefits.
October 1, 1991
Vestro Foods Inc. said it has reached a new credit agreement with Congress Financial Corp. that increases its maximum borrowing capacity from $3 million to $4 million. Newport Beach-based Vestro said the expanded credit line "will allow us to fund working capital requirements which will arise from anticipated sales growth of our operating subsidiaries."
May 23, 1990 |
Vestro Foods Inc., hoping to sweeten its sales in the dessert market, said Tuesday that it has acquired a Denver-based cheesecake baking company for an undisclosed sum. Jan Holzmeister Cheesecake Ltd., which supplies frozen cheesecakes to restaurants around the nation, will become a wholly owned subsidiary of Vestro, officials of the Newport Beach-based food company said.