February 18, 1989 |
Executives at Alta-Dena Certified Dairy Inc., one of the largest family-owned dairy companies in the United States, have agreed to sell the firm to Zausner Foods, an American subsidiary of Bongrain S.A. of France. Alta-Dena, owned by the Stueve family and headquartered in City of Industry, did not release the financial details of the deal. Alta-Dena Chairman Harold Stueve said Friday that competitive pressures and his age--he's 71--contributed to the decision to sell the 44-year-old company.
August 17, 1993
Penguin's Place Inc., a Thousand Oaks frozen yogurt company, has been acquired by Bresler's Industries Inc., a Chicago franchiser of ice cream and frozen yogurt shops and cafes. Terms of the sale were not disclosed. Penguin's was previously owned by Zausner Foods Corp., a New Holland, Pa., cheese and yogurt producer owned by Bongrain S.A., a French dairy foods concern.
September 10, 1991 |
Penguin's Place Inc., a Thousand Oaks-based franchiser of frozen yogurt parlors, has filed for Chapter 11 bankruptcy. In seeking protection from creditors, the privately held firm cited an industrywide slump brought on by changing buying habits, the recession and an unseasonably cool summer. The firm said Monday that it tentatively plans to close two of its five company-owned stores but that it does not anticipate any layoffs among its 31 corporate employees. The filing in U.S.