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Industry: Email Alert RSS FeedHolding company Heartland has signed a letter of intent to acquire outstanding stock of Lee Food Marts, the Lee Oil Company and Lee Enterprises
Food & Drink Weekly, July 28, 2008
> Holding company Heartland has signed a letter of intent to acquire outstanding stock of Lee Food Marts, the Lee Oil Company and Lee Enterprises. With combined sales of $104 million last year, the Lee businesses have operations in Virginia, Tennessee and Kentucky. Heartland said the deal is in line with its policy of acquiring retail and light manufacturing companies with a history of good cash flowMost RecentFood Articles
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