LOS ANGELES, Jun 17, 2005 (BUSINESS WIRE) -- Sunset Brands, Inc. (SSBN), announced today that its previously announced acquisition of U.S. Mills, Inc. is nearing completion. The company has agreed upon terms with certain financing sources on the financing needed to complete the acquisition and is working to complete the closing subject to execution of the final documents.
Todd Sanders, president and chief executive officer of Sunset Brands, said, "We are extremely pleased to be moving towards closing and we expect to close the transaction in the next few weeks."
About Sunset Brands, Inc.
Based in Los Angeles, California, Sunset Brands, Inc. is poised to become a category leader in the high-growth better foods and nutrition categories through the rapid expansion of product lines and the acquisition of appealing nutritional content, healthy, natural/organic and functional food brands. For more information on Sunset Brands, please visit http://www.sunsetbrands.com.
About U.S. Mills, Inc.
Based in Needham, MA, U.S. Mills, Inc. is a leading independent branded consumer marketer of natural, organic and specialty ready-to-eat cereals, hot cereals, cookies and crackers. The company markets five established brands - Uncle Sam Cereal, Erewhon, New Morning, Farina and Skinner's Raisin Bran - in all 50 states, Canada and Puerto Rico. The brands are sold through supermarkets, mass merchandisers, wholesale grocers, natural food distributors and specialty food distributors. For more information on U.S. Mills, please visit http://www.usmillsinc.com.
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