Ralcorp Holdings, Inc. Completes Purchase of Lofthouse Foods Incorporated
Receive E-mail Alerts01/30/2002
ST. LOUIS, Jan 30, 2002 /PRNewswire-FirstCall via COMTEX/ -- Ralcorp Holdings,
Inc. (NYSE:RAH) announced today that it has completed the purchase of Lofthouse
Foods Incorporated, a producer of high quality cookies that are sold to the
in-store bakeries of major U.S. grocers and mass merchandisers. Lofthouse had
sales of approximately $70 million during 2001. Terms of the transaction were
not disclosed. Lofthouse is headquartered in Clearfield, Utah with plants in
Clearfield and Ogden, Utah and employs approximately 550 people.
Earlier this month Ralcorp announced it had signed a definitive agreement to
Ralcorp produces a variety of store brand foods that are sold under the
individual labels of various grocery, mass merchandise and drug store retailers.
Ralcorp's diversified product mix includes: ready-to-eat and hot cereals,
crackers and cookies, snack nuts, chocolate candy, salad dressings, mayonnaise,
peanut butter, jams and jellies, syrups, and various sauces. In addition,
Ralcorp holds a 21.5 percent interest in Vail Resorts, Inc. (NYSE:MTN), the
premier mountain resort operator in North America.
NOTE: Information in this press release that includes information other than
historical data contains forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1995. Any such forward-looking statements
are made based on information currently known and are subject to various risks
and uncertainties and are therefore qualified by the Company's cautionary
statements contained in its filings with the Securities and Exchange Commission.
SOURCE Ralcorp Holdings, Inc.
CONTACT: Thomas G. Granneman of Ralcorp Holdings, Inc., +1-314-877-7730
Copyright (C) 2002 PR Newswire. All rights reserved.