PENN TRAFFIC TO SELL SANI-DAIRY TO DEAN

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it plans to sell its Sani-Dairy division to Dean Foods Co., Franklin Park, Ill., for $37.5 million in cash. said once the transaction has been completed it would begin a 10-year supply agreement with Dean Foods for purchases of products currently supplied by Sani-Dairy and two other dairies. Sani-Dairy is expected to have revenues of approximately

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it plans to sell its Sani-Dairy division to Dean Foods Co., Franklin Park, Ill., for $37.5 million in cash.

said once the transaction has been completed it would begin a 10-year supply agreement with Dean Foods for purchases of products currently supplied by Sani-Dairy and two other dairies. Sani-Dairy is expected to have revenues of approximately $65 million (primarily intercompany sales) for the fiscal year ending Jan. 31, 1998.

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