Byers went elsewhere,
Winsted Holdings Announces the Acquisition of Byers Food Company as Its First Transaction by the New Management
Monday August 11, 4:29 pm ET
NORTHFIELD, Ill.--(BUSINESS WIRE)--Winsted Holdings, Inc. (OTC: WNSH - News) has agreed to and completed its acquisition of Byers Food Company. The transaction was previously contemplated to be done with another publicly traded company but the transaction was unwound recently between the companies.
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“Byers Food Company is the first acquisition in a contemplated string of acquisitions related to the consumer and food products industry,” stated Francis Manzo, President and Chief Executive Officer. Mr. Manzo went on to further state that, “We plan to add additional food lines that will complement our two existing product lines and take advantage of our retail distribution contacts in the industry.”
Winsted has also settled recently, all claims that the Securities and Exchange Commission had in regards to the conduct of previous management. “We have worked very hard over the last year to clean up the books and records of the holding company and believe that we are now in a position to implement our business plan,” Mr. Manzo said.
SAFE HARBOR:
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Winsted Holdings, Inc.
Francis P. Manzo, III
847-441-1822
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