Commons Brothers
Executive Summary
Acquisition of Krelitz approved by vote of Krelitz shareholders March 30. Commons Brothers will pay $4.6 mil. for the Minnesota wholesaler, with the final price subject to revision based on possible costs and chargebacks. Krelitz sales in fiscal 1993 were $191.1 mil., down from $249.6 mil. in 1992. The merger agreement was announced in July ("The Pink Sheet" Aug. 2, 1993, T&G-9)