Food Industry
Industry: Email Alert RSS FeedMain St. & Main divests dairy, food distribution arm
Nation's Restaurant News, Jan 10, 1994
SCOTTSDALE, Ariz. -- Main Street & Main Inc. said it has divested its dairy and food distribution units for cash and notes to Sun Street Food Co. in an effort to focus on operating its TGI Friday's franchised restaurants.
Specific financial terms were not disclosed.
Main Street & Main said that following the sale it will retain a minority interest in Sun Street Food.
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The food and dairy operations -- Carnation Dairy Arizona and Dairy Maid Foods, have projected 1993 sales of about $135 million.
COPYRIGHT 1994 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
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