Coastal Foods Inc. Contracts for 4 Million Units Per Year
From his office in Houston, Texas, Coastal Foods, Inc. (Pink Sheets:CSFD) president Bill Evans today announced that an agreement has been reached with the internationally prominent Alain and Marie LeNotre Baking to co-produce at least 4 million select products within their expansive baked-goods product line. The contract is initially valued at nearly three-quarters of a million dollars per year.
Stated Bill Evans: “This is a great opportunity for Coastal Foods to work closely with Alain and Marie LeNotre Baking, as they prepare for their national rollout of this product line.” This particular line of LeNotre products will be available through one of the largest retail grocery chains (over 1500 locations) in the U.S.
Coastal Foods, Inc. is a manufacturer of frozen bakery products (cookies, cakes, and pies), dessert toppings, and makers of muffins, brownies, sheet cakes, Bundt cakes and biscuits.
BACKGROUND-LeNotre: The LeNotre name is well known throughout Europe and the United States for quality French pastries. It is considered the leading Bakers, Patisserie in France. In 1984, Alain & Marie LeNotre opened their Houston Bakery, which operates independently from LeNotre Paris. In 1989, Alain & Marie started to manufacture and market layer sheet cakes under the Alain & Marie LeNotre label, introducing “Lite” cake (suitable for diabetic diets) and French and European pastries to Kroger’s supermarket in-store bakeries and food service users. www.amlbakery.com