Solo Cup Co. May Buy SF Holdings and Sweetheart

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Solo Cup Co. May Buy SF Holdings and Sweetheart

12/22/2003
HIGHLAND PARK -- Highland Park-based Solo Cup Co. is in talks to buy rival SF Holdings Group Inc., which distributes disposable cups and plates under its Sweetheart brand, according to a source close to the talks, as reported in Crain's Chicago Business.

Financial terms of the proposed deal are not known.
SF Holdings' primary subsidiary is Sweetheart Holdings Inc., a Maryland-based company with sales of about $1.3 billion. Sweetheart has about 7,440 employees and 36 U.S. manufacturing and distribution sites, according to the report.

Like Solo Cup, the company's major customers include restaurant industry distributors, such as U.S. Foodservice Inc., fast-food chains, supermarkets and restaurants.
Solo Cup, a 68-year-old privately held company, has 26 manufacturing and distribution facilities. Its planned acquisition of SF Holdings could close in the first quarter, a source said in Crain's.