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Vestro Foods Inc

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December 31, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
Vestro Foods Inc. said Wednesday that it has sold its pastry and cheesecake operations so that it can concentrate on its core business--health foods. The company also said it has moved its headquarters from Newport Beach to Carson, closing an office where it had two employees. Vestro subsidiaries Heidi's Pastry Inc. and Jan Holzmeister Cheesecake Ltd. in the San Fernando Valley community of Sun Valley were sold to Heritage Kitchen Speciality Foods Inc. in San Francisco.
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BUSINESS
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."
BUSINESS
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.
BUSINESS
December 31, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
Vestro Foods Inc. said Wednesday that it has sold its pastry and cheesecake operations so that it can concentrate on its core business--health foods. The company also said it has moved its headquarters from Newport Beach to Carson, closing an office where it had two employees. Vestro subsidiaries Heidi's Pastry Inc. and Jan Holzmeister Cheesecake Ltd. in the San Fernando Valley community of Sun Valley were sold to Heritage Kitchen Speciality Foods Inc. in San Francisco.
BUSINESS
May 23, 1990 | CHRIS WOODYARD, TIMES STAFF WRITER
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.
BUSINESS
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.
BUSINESS
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."
BUSINESS
May 23, 1990 | CHRIS WOODYARD, TIMES STAFF WRITER
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.
BUSINESS
May 27, 1989
Vestro Foods Inc. lost $170,000 for the first quarter, contrasted with earnings of $4,000 for the comparable 3 months last year. Sales rose 23% to $4.4 million from $3.6 million. The Newport Beach specialty food company said that operating expenses offset sales increases for the quarter.
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