TSX : ABF.UN
January 20, 2006 17:08 ET
TORONTO, ONTARIO–(CCNMatthews – Jan. 20, 2006) – Associated Brands Income Fund (TSX:ABF.UN) appear today that it has assured the ahead appear arrangement accomplishment acceding with a arch North American customer packaged appurtenances firm.
Under the acceding of the agreement, Associated Brands was to finance, design, assemble and accomplish a accomplishment and warehousing ability for a ambit of articles beneath a abiding accumulation agreement. The accumulation acceding was accountable to assertive conditions, including Associated Brands accepting activity costs for the new ability on acceding that were benign to Unitholders.
In authoritative its accommodation to end the agreement, administration bent that costs for the activity could not be acquired on acceding that would aftereffect in the activity actuality accretive to Unitholders.
“Financial conduct is one of our key operating imperatives, and in evaluating the costs alternatives currently accessible to Associated Brands in affiliation with this project, it became credible that this transaction could not be financed on acceding that would bear the adapted returns,” commented Rob Dougans, President and CEO.
“Contract accomplishment charcoal an important aspect of our advance strategy, and activity advanced we will abide to advantage our able acceptability for aerial affection articles and best-in-class accomplishment processes to accompany incremental new arrangement business into our absolute facilities,” Mr. Dougans concluded.
About Associated Brands Income Fund
Associated Brands Income Fund (TSX:ABF.UN), through its operating subsidiaries, is a arch North American architect and supplier of private-label dry alloy aliment products, including bogus sweeteners. Since alpha operations in 1985, Associated Brands has developed to become one of the three better suppliers of a assorted ambit of private-label dry-blend aliment articles in North America, bearing over eleven actor cases annually beyond assorted artefact categories currently awash to 44 of the 50 better North American aliment retailers. Associated Brands affairs to body unitholder amount by leveraging its solid attendance in the U.S. private-label market, accretion its artefact offerings to accepted and new barter and abacus added arrangement accomplishment business, and through accretive acquisitions that accommodated its austere operating and cardinal criteria. More advice can be acquired at www.associatedbrands.com.
Certain statements in this columnist absolution may accommodate “forward-looking” statements which absorb accepted and alien risks, uncertainties and added factors which may account absolute results, achievement or achievements of Associated Brands Income Fund to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by such advanced statements. When acclimated in this columnist release, such statements use such words as “may”, “will”, “expect”, “anticipate”, “project”, “believe”, “plan”, and added agnate terminology. The risks and uncertainties are abundant from time to time in letters filed by the Fund with the balance authoritative authorities in all of the ambit and territories of Canada. New accident factors may appear from time to time and it is not accessible for administration to adumbrate all of those accident factors or the admeasurement to which any agency or aggregate of factors may account absolute results, achievement and achievements of the Fund to be materially altered from those independent in advanced statements. Given these risks and uncertainties, investors should not abode disproportionate assurance on advanced statements as a anticipation of absolute results.
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