Saratoga Brands' Cucina Classica Italiana Subsidiary Enters Agreement To Supply
In Excess Of $3,000,000 In Cheese
BusinessWire, Monday, December 01, 1997 at 15:06
LAKEWOOD, N.J.--(BUSINESS WIRE)--Dec. 1, 1997--Saratoga Brands
Inc. (NASDAQ:STGAD) Monday announced that its Cucina Classica
Italiana subsidiary entered into a supplier agreement with
Amerifoods Trading Co. to supply cheese for distribution under the
private label brand "La Romanella."
The products will be sold through Smart & Final Stores Corp.,
Port Stockton Food Distributors Inc., and Henry Lee Corp., all
affiliates of Amerifoods, as well as other unrelated wholesale and
retail outlets. The terms of the agreement commence on
Dec. 31, 1997 and continue through Dec. 30, 1999, and it is
estimated that the agreement will yield in excess of $3,000,000 in
revenues over its term.
"This agreement represents over 600,000 pounds of cheese per
year," said Bob Castellano. Cucina Classica Italiana's president.
"We believe that this agreement will enhance Cucina Classica
presence in the private label segment of the cheese industry,"
Castellano added.
This agreement opens new avenues for Cucina Classica to
distribute its Galbani premium specialty cheeses and prosciutto in
conjunction with the cheeses to be supplied under the agreement.
Saratoga Brands' Cucina Classica Italiana subsidiary imports and
produces under license Italian specialty cheeses and other premium
specialty foods, including the world-renowned brands from Egidio
Galbani S.p.A. Saratoga Brands' Mobile Caterers Inc. subsidiary is
a food processor and distributor. It services mobile caterers and
provides social catering services as well as food distribution to
more than 900 convenience stores and retail outlets in the southern
New England states. |
