GOLDEN STATE SALE
February 1st, 2004
BY MONICA DOBIE
US supermarket mogul Ron Burkle is selling his stake in Irvine-based Golden State Foods for US$110 million, to Wetterau Associates, a St Louis-based investment group. Golden State is one of the largest suppliers of hamburger patties, buns and condiments to fast-food giant McDonald's Corp. The company posted more than US$2 billion in sales last year.
US supermarket mogul Ron Burkle is selling his stake in Irvine-based Golden State Foods for US$110 million, to Wetterau Associates, a St Louis-based investment group. Golden State is one of the largest suppliers of hamburger patties, buns and condiments to fast-food giant McDonald's Corp. The company posted more than US$2 billion in sales last year.
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