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Article: PETE'S BREWING COMPANY RESPONDS TO STROH'S ACQUISITION OF G. HEILEMAN ASSETS
- Article from:
- PR Newswire
- Article date:
- February 29, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PALO ALTO, Calif., Feb. 29 /PRNewswire/ -- Today, the Stroh Brewery Company announced its letter of intent for the acquisition of assets of the G. Heileman Brewing Company. The transaction is expected to be completed by July 1996.
"Stroh has initiated a new strategic advantage in the U.S. brewing industry -- consolidation. Their acquired strength of successful brands, gained markets and additional brewery resources will reinforce Stroh as a competitive brewing leader," says Mark Bozzini, president and CEO of Pete's Brewing Company (Nasdaq: WIKD).
According to Pete's Brewing Company, Stroh's announcement has positive effects on its current and future ...