SHEBOYGAN, Wis. -- Fresh Brands here said acquisitions remain an essential part of its growth strategy, even though it failed to make any in 2002.
At the company's annual meeting, Elwood Winn, Fresh Brands' president and chief executive officer, told shareholders that the company's "No. 1 objective in 2003" is to make an acquisition that will boost its revenues by 10%. Last year's annual revenues were $619.1 million.
Winn said the company has evaluated many candidates so far,