Article: Schreiber Foods Acquires Clayton, Mo.-Based Cream-Cheese Maker.

By Thomas Lee, St. Louis Post-Dispatch Knight Ridder/Tribune Business News

Nov. 2--Clayton-based Raskas Foods Inc., the country's largest maker of store-label cream cheese, said Friday that it has been acquired by Schreiber Foods Inc. of Green Bay, Wis.

Terms of the deal were not disclosed. Raskas, a private, family-owned company founded in 1888, generated $185 million in sales last year. The company employs 510 workers and operates a manufacturing plant, research facility and a distribution center in St. Louis.

Schreiber Foods, the nation's top processor and packager of private-label cheese, had sales of $2 billion in 2001.

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