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How We Survived Bankruptcy
New World Pasta was created in 1999 when a group of private investors bought the Hershey Pasta Group for $450 million from Hershey Foods Corp. and turned it into New World Pasta. The company produces popular brands including Ronzoni and San Giorgio.
In 2001, the company took a step further when it acquired majority ownership of the pasta division of Ohio-based Borden Foods Corp. for nearly $50 million, said Cary Metz, former senior vice president and general counsel...See the full content of this document
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