Advertisement

AGRICULTURE

Compiled by Anne Michaud

Flavor Firm Sold: MCP Industrial Foods in Anaheim, which employs about 130 people, changed hands this week. The factory makes flavorings and sells them as ingredients to other food makers. MCP provides flavorings for such items as jellybeans, powdered lemonade and the powdered cheese that comes in an envelope inside boxes of macaroni-and-cheese mix.

Details of the sales agreement were not released.

The new owner of the plant is Firmenich Inc. of Princeton, N.J. No jobs will be lost as a result of the sale, according to John Layendecker, a company spokesman.

Firmenich is the U.S. affiliate of Firmenich International SA, a Swiss flavoring and fragrance manufacturer.

Advertisement

The seller was Borden Inc., which is based in New York City. Borden spokesman James P. McKinley said his company sold the plant because its operation was outside Borden’s core business.

The sale also involved a smaller Borden factory in New Ulm, Minn. Together, the two factories had revenues of $42 million in 1990, McKinley said.


Advertisement
Advertisement