Atlantic Beverage buys two sausage companies

Maryland Watch

March 19, 1996

Baltimore-based Atlantic Beverage Co. said yesterday that it has completed its previously announced acquisitions of sausage companies Prefco Inc. and Carlton Foods Inc. for undisclosed amounts.

The two closely held companies had combined revenue of $117 million last year, Atlantic Beverage said. Atlantic Beverage had revenue of $17.3 million in the nine months that ended Sept. 30.

Houston-based Prefco markets its own brand of smoked sausages, bacon and packaged lunch meats to supermarkets. It also markets unbranded boxed beef, pork and chicken products.

Carlton Foods, based in New Braunfels, Texas, markets sausage products in Austin, San Antonio and Dallas. The company also makes products for other food companies, including Prefco.

Atlantic Beverage distributes brand-name nonalcoholic beverages including Royal Mistic and Elliott's Amazing Juices in the Baltimore-Washington area.

The company said the purchases were financed with bank loans and equity.

Atlantic Beverage closed at $1.75 yesterday, up 25 cents on the Nasdaq.

Pub Date: 3/19/96

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