Heinz Expands Its U.S. Foodservice Business with Strategic
Acquisition of Appetizers And Inc.
"Our growing Foodservice businesses provide premium condiments
,
sauces, soups, appetizers and desserts to all areas of our customers'
menus. Lincoln Partners
LLC, a Chicago-based investment bank with
expertise in food products and the foodservice industry
, represented
AAI in the transaction.grilling appetizers
These statements are subject to risks, uncertainties, assumptions
and
other important factors, many of which may be beyond Heinz's control
and could cause actual
results to differ materially from those
expressed or implied in these forward-looking statements
. The forward-looking statements are and will be based on
management's then current views and assumptions
regarding future
events and speak only as of their dates.J.moffitt tos
com. (AAI), a
manufacturer and marketer
of high-quality, upscale frozen hors
d'oeuvres sold almost exclusively to the foodservice industry
. Its vision of quality foodservice
inspires us, and we believe our products and people will be in
good
hands.
"Heinz Foodservice is proud to add AAI to our portfolio.,
and Dianne's Gourmet
Desserts of Le Center, Minn. In addition
to America's Favorite Ketchup(TM), the Heinz Foodservice
product line
includes a wide array of condiments, sauces, canned soups, tomato
products, frozen
desserts and appetizers, vinegar and pickles.downloading cookery
These state-of-the-art grilling and kitchen gadgets will
motivate dads to take their culinary pursuits out of the backyard and into the
kitchen
Recently launched, Tupperware's new Heart Breaker(TM) is a must-have for
Father's Day.
"It was
a natural move for us to create a line of high-quality, cooking
gadgets which offer precision performance
, and a sleek modern look."
Comprising the Heinz Foodservice frozen portfolio are Chef
Francisco
, the leading brand of frozen soup in the foodservice
industry; Quality Chef, a fast-growing brand
of
ready-to-heat-and-serve soups and entrees; Todds of Irvine, Calif. Heinz is a global family of
leading brands, including Heinz(R)
Ketchup, Sauces, Soups, Beans, Pasta and Infant Foods (representing
nearly one-third of total sales or close to $3 billion), Ore-Ida(R)
french fries, Boston Market
(R) and SmartOnes(R) meals, and Plasmon(R)
baby food.foodies epicurean
Fathers
will also love Tupperware's Chef
Series(TM) Multipurpose Shears. Heinz's 50 companies have number-one or number- two brands
in 200
countries, showcased by Heinz(R) Ketchup, the world's favorite
ketchup(TM).foodies famine
Heinz Company (NYSE:HNZ
) today announced that its Foodservice
Division has acquired Chicago-based Appetizers And, Inc. complements
our successful foodservice
acquisition and growth strategy, and we are pleased to welcome it to
Heinz
," said Heinz Chairman, President and CEO William R. Heinz satisfies hungry consumers in every
outlet
, from supermarkets, to restaurants to convenience stores and
kiosks.chefs godiva
epicurean famine
AAI
brings to the Heinz Foodservice team an
experienced, direct sales force that has nurtured a strong
customer
base and is committed to "solution selling.moffitt chefs
appetizers nutritiously
"
AAI founders, Patricia Domanik and George
King, commented, "We've
been cooking for America for 37 years, and when it came time to seek a
strategic
partner, we chose Heinz., which produces fresh-ingredient soups, sauces
and dressings; Seattle's
Truesoups, acquired in 2003, which produces
premium frozen bagged soups; Delimex of San Diego, Calif
. AAI employs 550 full-time and 60 temporary
employees.
SAFE HARBOR PROVISIONS FOR FORWARD
-LOOKING STATEMENTS:
This press release contains forward-looking statements within the
meaning
of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Heinz Foodservice
is the sales and marketing
agent for Equal(R) Sweetener.gutsy lobster
com. Terms
of the acquisition were not
released.
"Appetizers And, Inc.sleuth lobster
Trade the Ties for Great Kitchen Gadgets This Father's Day
Uncertainties
contained in such statements include, but are not
limited to, sales, earnings, and volume growth
, general economic,
political, and industry conditions, competitive conditions, which
affect, among
other things, customer preferences and the pricing of
products, production, energy and raw material
costs, the need for
product recalls, the ability to maintain favorable supplier
relationships
, achieving cost savings programs and gross margins,
currency valuations and interest rate fluctuations
, success of
acquisitions, joint ventures, and divestitures, new product and
packaging innovations
, product mix, the effectiveness of advertising,
marketing, and promotional programs, supply chain
efficiency and cash
flow initiatives, the impact of e-commerce and e-procurement, risks
inherent
in litigation (including the Remedia-related claims in Israel
and rights against third parties) and
international operations,
particularly the performance of business in hyperinflationary
environments
, changes in estimates in critical accounting judgments
and other laws and regulations, including
tax laws, the success of
tax-planning strategies, the possibility of increased pension expense
and
contributions and other people-related costs, the possibility of
an impairment in Heinz's investments
, and other factors described in
"Cautionary Statement Relevant to Forward-Looking Information" in
the
Company's Form 10-K for the fiscal year ended April 28, 2004, and the
Company's subsequent
filings with the Securities and Exchange
Commission. Information on Heinz is available at www.hobbyists grilling
Retailing
at $45. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements
, whether as a result of new information, future events or
otherwise, except as required by the securities
laws.gutsy recognize
"
Tupperware Corporation, a $1.beauticontrol.J. Johnson., a producer
of Hispanic
appetizers and side items; Domani brand pasta; and our
premium frozen dessert businesses Alden Merrell
of Newburyport, Mass.moffitt godiva
, In an age when modern man is getting
in touch with his culinary side, the
kitchen has officially become equal
territory with more men attending cooking schools to dabble with
duck, and
experiment with eggplant.
ABOUT HEINZ: H.sleuth lobster
Tupperware Creates a 'Tool
Set' for the Modern Dad
ORLANDO, Fla. Its
multifunctional design includes: a flathead
screwdriver, cap twister/nut
cracker, bottlecap opener, fish scaler, fruit and vegetable peeler,
wire
cutter and stripper/jar opener. The upscale hors d'oeuvres segment of the foodservice industry
is part of a $1.,
and Scottsdale, Ariz.hobbyists lobster
Tupperware. Heinz
Foodservice also is the manufacturer
of Truesoups, Todds, Chef
Francisco Soups(R) and Quality Chef Soups and entrees, as well as
Domani
Italian Foods(R).recognize godiva
" In addition, AAI has a
long-standing reputation for creating and manufacturing
its hors
d'oeuvres with culinary expertise and flair.gourmet cooks
Additionally, premium beauty and skin care
products are brought to customers
through its BeautiControl brand in North America, Latin America
and Asia
Pacific."
Heinz's Foodservice Division, which represents approximately 42
percent
of Heinz North America's overall sales, markets branded and
customized products to national commercial
and non-commercial food
outlets and distributors. At the same time, we will
be able to leverage
purchasing and logistics capabilities within our
frozen businesses.com/news
ABOUT HEINZ FOODSERVICE:
Heinz Foodservice is the leading
manufacturer of condiments for the foodservice industry.appetizers chefs
2 billion
multinational company, is one of
the world's leading direct sellers, supplying premium food storage
,
preparation and serving items to consumers in almost 100 countries through its
Tupperware brand
.5 billion category that is growing at above-average
rates, and we believe AAI offers the highest
quality and greatest
number of options available for targeted customers. We are
extremely confident
that the business will provide immediate and
long-term growth opportunities for us," Berger said
.downloading hobbyists
00 or less, the Tupperware
culinary tools are indispensable gadgets for Father's Day or year round
. All
Tupperware products are available at http://www. In partnership with one million independent
sales
consultants worldwide, Tupperware reaches consumers through informative and
entertaining
home parties; retail access points in malls and other convenient
venues; corporate and sales force
Internet web sites; and television shopping.entree tos
This all-in-one kitchen tool has a unique and easy-to-grip
handle, which provides the leverage necessary to crack open or de-pit
everything from cherries
and olives to lobster and other shellfish.
Berger, Heinz Foodservice President. "As has been the
case with
previous Foodservice acquisitions, AAI's complementary product line
will provide yet
another avenue for us to better serve customers
focused on serving patrons only the highest quality
menu options. These forward-looking statements
reflect management's view of future events and financial
performance.heinz.gutsy gourmet
Consumers can access the brands' web sites at
http://www.
Business Editors
PITTSBURGH----
Acquisition Complements Company's Frozen Brands
And Expands Premium Quality, Culinary-Focused Segment
H.epicurean messy
"Tupperware understands America
's growing need for stylish and easy-to-use
kitchen tools," says Rick Goings, Chairman and CEO of
Tupperware Corporation."
"Through AAI, we will add a premier line of hors d'oeuvres to our
already
strong portfolio of brands and products," said Jeffrey P.
AAI was founded in Chicago in 1967 and
has grown into a national
leader in its growing segment, serving as preferred or primary
provider
of frozen hors d'oeuvres and frozen canapes to leading hotel
and foodservice customers. Heinz Company
, offering "Good Food Every
Day,"(TM) is one of the world's leading marketers and producers of
branded
foods in ketchup, condiments, sauces, meals, soups, seafood,
snacks, and infant foods.moffitt gutsy
This Father
's Day, Tupperware, the leader in kitchen
preparation and storage products, honors dad with a different
kind of tool
set: cooking tools. "Together, we
will expand the Heinz Foodservice frozen distribution
network, as well
as continue our focus on customer service.messy grilling
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