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Vlasic Foods Inc

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BUSINESS
February 25, 1999 | Bloomberg News
Vlasic Foods International Inc. said profit declined 10% in its fiscal second quarter to $10.8 million, or 24 cents a share, and warned that its fiscal 1999 results will fall below estimates because of issues related to its Argentina-based meat-processing unit. Revenue at the maker of Vlasic pickles and Swanson frozen dinners fell 5% in the quarter. The quarterly results beat analyst estimates of 20 cents, but the warning for the full year pulled Vlasic shares down $2.88 to close at $14.
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BUSINESS
May 24, 2001 | Bloomberg News
Hicks, Muse, Tate & Furst, the buyout firm battered by money-losing bets on movie theaters and telecommunications start-ups, said it's returning to basic industries with the purchase of bankrupt pickle maker Vlasic Foods International Inc. for about $370 million. Vlasic persuaded a bankruptcy judge two weeks ago to approve the sale of its assets to the buyout group. The sale also includes Open Pit barbecue sauce and Swanson frozen foods, which created the first frozen pot pie and TV dinners.
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BUSINESS
May 24, 2001 | Bloomberg News
Hicks, Muse, Tate & Furst, the buyout firm battered by money-losing bets on movie theaters and telecommunications start-ups, said it's returning to basic industries with the purchase of bankrupt pickle maker Vlasic Foods International Inc. for about $370 million. Vlasic persuaded a bankruptcy judge two weeks ago to approve the sale of its assets to the buyout group. The sale also includes Open Pit barbecue sauce and Swanson frozen foods, which created the first frozen pot pie and TV dinners.
BUSINESS
February 25, 1999 | Bloomberg News
Vlasic Foods International Inc. said profit declined 10% in its fiscal second quarter to $10.8 million, or 24 cents a share, and warned that its fiscal 1999 results will fall below estimates because of issues related to its Argentina-based meat-processing unit. Revenue at the maker of Vlasic pickles and Swanson frozen dinners fell 5% in the quarter. The quarterly results beat analyst estimates of 20 cents, but the warning for the full year pulled Vlasic shares down $2.88 to close at $14.
BUSINESS
October 1, 1992 | MARY GUTHRIE, TIMES STAFF WRITER
The nation's economic problems are taking a bite out of California's pickle business, as the state's largest pickle producer announced Thursday that it will shut its plant in City of Industry and move its pickle packing out of the state. The plant, which is southeast of downtown Los Angeles, has the most excess capacity of all the company's factories, said Vlasic Foods Inc. spokesman Kevin Lowery.
BUSINESS
September 23, 1988
Campbell's Soup Co. has named Robert J. Vlasic, chairman of Vlasic Foods Inc., chairman of Campbell's. Vlasic succeeds William S. Cashel Jr., 67, who said a year ago that he would be stepping down. Cashel has served as chairman since 1984. The change will occur after the company's annual meeting Nov. 18. Vlasic, 62, has been a Campbell's director since 1978, the same year the pickle-producing company was acquired by Campbell's as part of its "soup-to-nuts" expansion strategy.
BUSINESS
January 30, 2001 | Reuters
Vlasic Foods International Inc. filed for bankruptcy protection and agreed to sell its core pickle business and Open Pit barbecue sauce line to leading global food maker H.J. Heinz Co. in a court-supervised auction for $195 million. The deal is expected to help debt-laden Vlasic, based in Cherry Hill, N.J., emerge from bankruptcy protection. Vlasic, which was spun off from Campbell Soup Co. about three years ago, is also expected to sell its Swanson frozen dinners business, analysts said.
BUSINESS
February 13, 2007 | From Bloomberg News
Blackstone Group agreed to buy Pinnacle Foods Group Inc. on Monday for $2.2 billion including debt, becoming the third private equity firm in four years to own the maker of Duncan Hines cake mixes and Hungry Man frozen dinners. Blackstone, based in New York, is acquiring Pinnacle of Cherry Hill, N.J., from CCMP Capital Advisors, the companies said. Blackstone didn't say how much debt was involved. Pinnacle, which has annual gross sales of about $2.
NEWS
February 17, 2001 | HOPE YEN, ASSOCIATED PRESS
As she readied her move out of North Carolina last fall, Juliet Sarkessian didn't know what to expect from the resumes she casually sent to Philadelphia law firms. But within weeks, Sarkessian had been interviewed several times and hired by one of the city's most prominent firms. Her appeal: She's a bankruptcy specialist. As the slowing economy backs many weaker companies into a financial corner, law firms around the country are scurrying to beef up their bankruptcy practices.
NEWS
April 4, 1986 | BETH ANN KRIER, Times Staff Writer
They came to discuss the latest in researching consumer attitudes and behaviors. Why, for instance, exuberant ex-NFL coach John Madden projects "beeriness" (a desirable personality trait to most beer consumers) while understated ex-NFL player Pat Summerall does not. According to Stroh Brewery Co.
BUSINESS
October 1, 1992 | MARY GUTHRIE, TIMES STAFF WRITER
The nation's economic problems are taking a bite out of California's pickle business, as the state's largest pickle producer announced Thursday that it will shut its plant in City of Industry and move its pickle packing out of the state. The plant, which is southeast of downtown Los Angeles, has the most excess capacity of all the company's factories, said Vlasic Foods Inc. spokesman Kevin Lowery.
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