| Business Summary | | Vlasic
Foods
International
Inc.
is
a
producer,
marketer
and
distributor
of
branded
convenience
food
products.
The
Company
primarily
operates
in
three
segments.
The
frozen
foods
segment
manufactures
frozen
dinners
and
other
frozen
foods.
The
grocery
products
segment
manufactures
pickles
and
peppers
and
markets
pickle
products,
peppers
and
barbecue
sauce.
The
United
Kingdom
segment
manufactures
and
distributes
frozen
foods
such
as
sausages,
pies
and
savory-filled
pastries,
as
well
as
canned
and
jarred
beans,
pickles,
fruits
and
vegetables.
In
January
2001,
the
Company
announced
that
it
has
reached
an
agreement
to
sell
the
assets
of
its
namesake
Vlasic
condiments
and
Open
Pit
barbecue
sauce
businesses
to
H.J.
Heinz
Company.
Concurrently,
Vlasic
Foods
said
that
it
has
voluntarily
filed
petitions
in
the
United
States
District
Court
in
Wilmington,
Delaware,
under
Chapter
11
of
the
United
States
Bankruptcy
Code
in
order
to
implement
the
terms
of
the
Heinz
sale. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Vlasic
Foods
International
is
an
independent
producer,
marketer
and
distributor
of
branded
convenience
food
products
in
the
frozen
food,
grocery
product
and
agricultural
product
segments.
For
the
39
weeks
ended
4/29/01,
the
Company
reported
no
revenue.
Net
loss
from
continuing
operations
rose
59%
to
$68
million.
Revenues
reflect
the
sale
of
all
operating
segments.
Loss
reflects
$22.1
million
in
total
bankruptcy
reorganization
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Donald Keller, 67 Chairman | -- | Peter Menikoff Interim
CFO | -- | Norma Carter, 52 VP,
Gen. Counsel and Corp. Sec. | $192K | Murray Kessler, 40 VP
and Pres - Swanson Division and the Canadian Frozen Food Bus. | -- | Mark McCallum, 44 VP
and Pres - Grocery Division and Vlasic Farms Mushroom Bus. | -- | Dollar
amounts are as of 1-Aug-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|