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Article: Outlook Group Sells Foods Operations.
- Article from:
- Business Wire
- Article date:
- May 5, 1998
CopyrightCOPYRIGHT 1998 Business Wire. 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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NEENAH, Wis.--(BUSINESS WIRE)--May 5, 1998--Outlook Group Corp. (NASDAQ/NMS:OUTL) today announced that it completed the previously announced sale of its Outlook Foods operations. The buyer is Lake Country Foods, Inc. Subject to adjustments relating to post-closing confirmation of certain current assets and assumed liabilities, the total purchase price, including cash, assumed liabilities and deferred payments, was approximately $8.6 million. The sale transaction also included other customary terms and conditions.
As a result of the sale, Outlook Group will no longer be engaged in the food processing business. Outlook will continue as a graphic services ...
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