Business Services Industry

R.A.B. Holdings, Inc. Announces Spin-Off

Business Wire, March 14, 2007

NEW YORK -- R.A.B. Holdings, Inc. ("R.A.B.") announced that its Distribution Holdings, Inc. subsidiary (the parent of Millbrook Distribution Services Inc.) was spun-off as a separate company effective February 22, 2007. Distribution Holdings, Inc.'s Millbrook subsidiary simultaneously entered into a new forty five million dollar ($45,000,000) credit facility with a group of financial institutions led by JPMorgan Chase.

Millbrook is also pleased to announce the expansion of its supply relationship with Albertson's LLC, as it establishes a stronger presence for Millbrook in the Texas, Florida, Arizona, and Colorado market areas. Millbrook currently supplies many non-food categories to Albertson's including cosmetics, hair care, candles, party needs, hosiery, and small appliances. Millbrook's distribution centers in Harrison, Arkansas and Tampa, Florida will be the primary facilities supporting the new Albertson's business. The new relationship has Millbrook supplying Albertson's LLC with the specialty, ethnic and national food categories.

R.A.B. continues to be the parent company of R.A.B. Food Group, LLC ("Food Group").

Richard A. Bernstein, Chairman and Chief Executive Office of R.A.B., said, "The spin-off will permit the management of Millbrook and R.A.B. Food Group to better focus on their respective businesses." "It will also dispel," he continued, "any confusion in the marketplace between our branded and the distribution businesses which will each be run as independent stand alone companies."

R.A.B. Holdings, Inc. through its R.A.B. Food Group, LLC subsidiary, manufactures and markets, among others, Manischewitz[R], Rokeach[R], Horowitz Margareten[R], Goodman's[R], Mothers'[R], Mrs. Adler's[R], Mishpacha[R], Asian Harvest[R], Season[R] and Guiltless Gourmet[R] brand products. R.A.B. Food Group's B. Manischewitz Company is a 118-year-old branded food manufacturer and is the nation's largest manufacturer of processed kosher food products including matzos, noodles, crackers, cakes, cookies, soups and processed fish products. For more information, please visit the company's website, www.rabfoodgroup.com.

Distribution Holdings, Inc. through its Millbrook Distribution Services subsidiary is the nation's largest full service independent distributor of specialty foods, health and beauty care products and general merchandise to supermarkets and mass market retailers in 48 states. Millbrook also carries a line of its own private label brands as well as store brands and other special need items for specific customers. For more information please visit our company's website, www.millbrookds.com.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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