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See it, buy it and eat it. That's the typical thought process when consumers decide what product to buy in the impulse-driven snack cake category. Often it takes no more [...]

Growth is expected to be modest for the larger capitalized companies in the food industry during 1999 as raising sales will be difficult. Many companies will divest themselves of underperforming product lines and non-core areas, and acquisitions and consolidation within the industry is expected to continue as well. These stocks are only mediocre selections for investors in 1999, and stocks ranked as the most timely should be favored.

To better compete against larger companies on a national basis, Richmond Baking Co. has pulled together its three, family-owned businesses under one sales organization and one name. Richmond Baking, which [...]

GRUPO BIMBO will not bid for INTERSTATE BAKERIES CORP. after reviewing the bankrupt baker's books. The U.S. arm of Grupo Bimbo last month was granted access to IBC management, facilities [...]

Interstate Bakeries Corporation (IBC) yesterday (2 August) filed for an extension of its US$200m debtor-in-possession (DIP) financing facility to 2 June 2007. The maturity date coincides with the end of [...]

US wholesale baker and distributor Interstate Bakeries Corporation has announced plans to consolidate operations in its Florida profit centre by closing its bakery in Miami and consolidating routes, depots and [...]

Kansas City, MO-based Interstate Bakeries Corp., who filed for Chapter 11 bankruptcy protection on Sept. 22, received court approval permitting its $200 million debtor-in-possession financing. This permits the nation's largest [...]

* Interstate Bakeries Corporation plans to close its bread and roll bakery in Grand Rapids, MI. The closing, scheduled for Dec. 3, will affect 160 employees. The Grand Rapids bakery [...]

* Interstate Bakeries Corp. will close several plants and invest in automation. Management declined to say how many plants would close, citing increased labor costs as the main motivation for [...]

LATEST FINANCIAL REPORTS (000 omitted) Current % Chge. Year Year Ago GALAXY NUTRITIONAL FOODS, INC. (Orlando, FL) Year To Mar. 31: Sales $43,600 -4.1% Net Income ($17,100) ..... INTERSTATE BAKERIES [...]

After a tough fiscal 2000, Interstate Bakeries Corp. announced improved earning during the first quarter of 2001, although sales remained flat to down. 'Much of the momentum established in the [...]

LATEST FINANCIAL REPORTS (000 omitted) Current % Chge. Year Ago ALCOA, INC. (Pittsburgh, PA) Quarter to June 30 Sales 5,991,000 7.6% Net Income 315,000[*] -16.0% 6 Months Sales 12,167,000 21.0% [...]

LATEST FINANCIAL REPORTS (000 omitted) Current % Chge. Year Year Ago INTERSTATE BAKERIES CORP. (Kansas City, MO) 16 Weeks to Mar. 10 Sales 1,039,000 0.3% Net Income 7,750 -62.0% 40 [...]

Battered by higher natural gas, electric and fuel costs as well as a routine increases in labor costs, Interstate Bakeries Corp. saw net income for the third quarter decline 62% [...]

New York-based private equity firm Ripplewood Holdings LLC is interested in acquiring the bankrupt Interstate Bakeries Corp. The Kansas City-based bakery allowed a $400 million financing commitment from Silver Point Finance LLC to expire.

Performance Transportation Services Inc.'s bankruptcy case may provide Interstate Bakeries Corp. (IBC) with an advantage over Yucaipa Cos.' bid for IBC. Performance emerged from bankruptcy reorganization with help from Yucaipa, but declared bankruptcy again after ten months. According to IBC analyst Kevin Starke, that case would help IBC in its case against Yucaipa.

Interstate Bakeries Corp. had various problems like labor problems, unintended consequences of an extended shelf life program and other factors. The stock of Interstate Bakeries was delisted by the New York Stock Exchange and their path to bankruptcy started from 24th July 1995, when the Kansas City-based company acquired Continental Baking Company.

Interstate Bakeries CEO James Elsesser said the nation's largest producer of bread and baked sweet goods hired an outside consultant 'to assist us in a complete review of our business [...]