PILLSBURY AGREES TO BUY HEINZ BAKERY DIVISION

MARKHAM, Ontario (FNS) -- Pillsbury Co., based in Minneapolis, has agreed to acquire the North American bakery division of H.J. Heinz Co., which would add frozen unbaked bagels and bread dough to Pillsbury's current line of products.The division here, for which Pillsbury would pay about $178 million U.S., would add about $200 million annually to the company's own bakeries and food-service unit, which

MARKHAM, Ontario (FNS) -- Pillsbury Co., based in Minneapolis, has agreed to acquire the North American bakery division of H.J. Heinz Co., which would add frozen unbaked bagels and bread dough to Pillsbury's current line of products.

The division here, for which Pillsbury would pay about $178 million U.S., would add about $200 million annually to the company's own bakeries and food-service unit, which generate more than $1 billion in annual sales across North America.

The Hein

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