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Wetterau will control Golden State Foods

Published Thursday, July 01, 2004

Wetterau Associates, a St Louis MO-based investment group, has agreed to purchase a 50.3% stake in Golden State Foods (GSF) formerly held by its five-year business partner, The Yucaipa Companies. California-based GSF is one of the top 10 foodservice distributors and processors in the United States and one of the largest service providers to McDonald's restaurants. Wetterau is led by Mark Wetterau, chief executive officer of GSF. ”This buyout will result in GSF becoming a 100% management-owned and run business — a long-term dream of ours,” said Wetterau. Wetterau Associates and The Yucaipa Companies acquired GSF in 1998, ...

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