Pacific Snax Sells 57% Stake in Vegas Chips
NEWPORT BEACH —
Pacific Snax Corp. has sold its 57% interest in Vegas Chips Inc. to Rovne Investments for $1.2 million.
As part of the deal, the snack food company agreed to purchase back the Vegas Chips brand name and machinery for $1.1 million. A Pacific spokesman said Monday that the transaction will allow the company to reduce costs.
Vegas Chips will focus on its recently acquired independent film company.
