US: New allegations threaten LeNature's sale
Giant Eagle's purchase of the LeNature's plant in Latrobe could be aborted due to allegations that the grocery chain threatened another bidder.
O'Hara-based Giant Eagle, which recently bid US$20m to acquire LeNature's facility, allegedly threatened to pull Cadbury Schweppes products if it did not withdraw its US$19m bid.
According to reports, if Giant Eagle's acquisition bid should unravel, Cadbury Schweppes has agreed to complete a deal to buy the plant by the end of August.
Giant Eagle said that it planned to create 50 full-time jobs at the site, which, once fully restored, would operate under the name Chestnut Ridge Beverage Company. The facility was set to produce Giant Eagle corporate brand bottled waters, RTD teas and other beverages.
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