Information  X 
Enter a valid email address

Bestfoods (BFO)

  Print      Mail a friend

Tuesday 08 February, 2000

Bestfoods

Acquisition

Bestfoods
8 February 2000


BESTFOODS OWNS ARISCO, A LEADING BRAZILIAN FOOD COMPANY

ENGLEWOOD CLIFFS,NJ, February 8, 2000 - Bestfoods now owns 100% of Arisco
Produtos Alimenticios S.A., a privately-held food company in Brazil.  Through
transactions completed today, Bestfoods paid $490 million for Arisco, which has
debt of approximately $262 million.

Bestfoods announced yesterday that final negotiations were in progress with
Arisco and provided details about this latest addition to its worldwide
business.


ABOUT BESTFOODS: Bestfoods, formerly CPC International Inc., is among the
largest US food companies, with sales of $8.6 billion in 1999.  Best known among
Bestfood's US products are : Hellmann's and Best Foods mayonnaise and dressings,
Mazola corn oil and margarine; Skippy peanut butter, Knorr soups, sauces and
bouillons, Entenmann's sweet baked products; Thomas' English muffins; Arnold,
Brownberry, Freihofers, and Oroweat Breads, Boboli pizza crusts, Mueller's
pasta; and Karo syrup.  Bestfoods' global Knorr brand comprises one of the
world's most extensive lines of products.  Bestfoods is one of the nation's most
international food companies, with operations in more than 60 countries and
products marketed in 110 countries.  For more information about Bestfoods, visit
the company's Web site on the Internet at: http://www.bestfoods.com.


                                                                                                                                         

a d v e r t i s e m e n t