MCLANE TO SELL UNIT TO TREE OF LIFE

TEMPLE, Texas -- McLane Co. here has signed a letter of intent to sell the assets of its specialty foods distribution subsidiary, McLane America, to Tree of Life Inc., a distributor based in St. Augustine, Fla.Unlike most of McLane, McLane America has been a supplier to supermarkets. Products include gourmet, ethnic and health food items. McLane was having trouble in the supermarket sector because

TEMPLE, Texas -- McLane Co. here has signed a letter of intent to sell the assets of its specialty foods distribution subsidiary, McLane America, to Tree of Life Inc., a distributor based in St. Augustine, Fla.

Unlike most of McLane, McLane America has been a supplier to supermarkets. Products include gourmet, ethnic and health food items. McLane was having trouble in the supermarket sector because of its Wal-Mart links, the company said. McLane Co. is a unit of Wal-Mart Stores, Bento

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