date:Mar 01, 2013
payable in cash by the second anniversary of completion.
The transaction will allow Finsbury Food to focus on its growing cake and bread businesses, in order to further develop its licensed brand portfolio and pay down its outstanding debts.
Finsbury Food chief executive officer John Duffy said the sale will allow the company to further invest, pay down debt, and take advantage of additional opportunities available, with the goal of driving shareholder value.
As a part of the transaction, the