Kraft to Sell Unit to H.J. Heinz
al Foods, an operating company of Philip Morris Cos., has agreed to sell its All American Gourmet Co. here to Pittsburgh-based H.J. Heinz.
All American Gourmet manufactures the Budget Gourmet line of frozen meals and side dishes at plants in Atlanta and in Clearfield, Utah. It had 1993 revenues of over $300 million.
Northfield, Ill.-based Kraft General Foods said the pending sale "is consistent with our recently announced program t