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  September 5, 2001
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Home > Company Index > Food, Beverage & Tobacco > Diversified Food - Major > Vlasic Foods International, Inc.

Vlasic Foods International, Inc.
OTC: VLFIQ
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 PROFILE
With things going sour for Vlasic Foods International, it's time to throw out the pickles. Vlasic Foods makes frozen dinners (Swanson, Hungry-Man), condiments (Vlasic and Milwaukee's), and barbecue sauce (Open Pit) sold in the US. In the UK, Vlasic Foods makes SonA and Freshbake foods (both of which it is selling). Heavily in debt following its 1998 spin off from Campbell Soup Company, Vlasic Foods has sold less profitable lines. It has also agreed to sell its Vlasic, Swanson, and Open Pit brands to LBO firm Hicks, Muse, Tate & Furst. Vlasic Foods is seeking Chapter 11 bankruptcy protection and exploring options for its remaining businesses. Members of Campbell's founding Dorrance family own 37% of Vlasic Foods.

 COMPETITION
ConAgra Foods, Inc. (CAG)
Kraft Foods Inc. (KFT)
Nestlé S.A. (NSRGY)

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 FINANCIAL OVERVIEW
Fiscal Year-End: July
2000 Sales (mil.): 901.60
1-Yr. Sales Growth: (31.1)%
Employees: 3,455
Revenue per employee: $260,955.14

 KEY PEOPLE
• David Pauker
    CEO
• Peter Menikoff
    CFO

 CONTACT INFO
Vlasic Plaza, 6 Executive Campus
Cherry Hill, NJ 08002
US
Phone: 856-969-7100
Fax: 856-969-7403
Online: Web Site

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