Article: Spigadoro, Inc. Agrees To Acquire Pasta Etrusco In All Stock Deal.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 2, 2001

Acquisition Expected to Generate $3 Million in Annual Savings

Through Consolidation of Production and Other Efficiencies

Spigadoro, Inc. (AMEX: SRO), a leading manufacturer of branded and private label products in the Mediterranean food sector, today announced that it has signed an agreement to acquire Pastificio Etrusco S.p.A, an Italian private label pasta manufacturer and a wholly-owned subsidiary of Corticella Molini e Pastifici S.p.A.

In exchange for 100% of the stock of Etrusco, which had fiscal 2000 sales of approximately $10 million, Spigadoro has agreed to pay ...

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