Ralcorp Holdings, Inc. Sells Williams, California Tomato Paste Facility
Receive E-mail Alerts02/04/2003
ST. LOUIS, Feb 4, 2003 /PRNewswire-FirstCall via COMTEX/ -- Ralcorp Holdings,
Inc. (NYSE: RAH) announced today that it sold its industrial tomato paste
processing facility in Williams, California to an affiliate of SK Foods. The
facility was operated by Ralcorp's Carriage House subsidiary. SK is based in
Lemoore, California and is a producer of tomato paste and diced tomatoes.
Terms of the transaction were not disclosed. In Ralcorp's fiscal quarter ended
December 31, 2002, the Company recognized an impairment charge of $5.0 million
related to the Williams facility. The transaction allows Ralcorp to continue its
focus on manufacturing private label food products.
Ralcorp produces a variety of store brand foods that are sold under the
individual labels of various grocery, mass merchandise and drug store retailers.
Ralcorp's diversified product mix includes: ready-to-eat and hot cereals,
crackers and cookies, snack nuts and chocolate candy, salad dressings,
mayonnaise, peanut butter, jams and jellies, syrups, and various sauces. In
addition, Ralcorp holds a 21.5 percent interest in Vail Resorts, Inc. (NYSE:
MTN), the premier mountain resort operator in North America.
SOURCE Ralcorp Holdings, Inc.
CONTACT: Scott Monette of Ralcorp Holdings, Inc., +1-314-877-7113
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