Tuesday, August 7, 2007

Economic Development

LeNature's trustee, Giant Eagle agree to $20M purchase of Latrobe Plant
The trustee overseeing the sale of the LeNature's Inc. plant in Latrobe has reached an agreement to sell the facility to Giant Eagle. … … He said the two sides reached an agreement Thursday that will allow the region's largest supermarket chain to buy the building, land, machinery, inventory and office furniture, along with intellectual property that includes trademarks for beverages and patents for manufacturing. … …The company said it plans to produce its own line of beverages as it now does with a variety of food products under the Giant Eagle brand name. "The purchase of the closed LeNature's plant is a unique opportunity for Giant Eagle to manufacture its own beverages and to provide more than 50 full-time jobs in Latrobe," said attorney Dan Shapira, special counsel to Giant Eagle, in a statement.

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