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Golden Temple sale near

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High Five
Thursday, May 06, 2010

A Michigan company, Hearthside Food Solutions, is reportedly set to buy Eugene-based cereal company Golden Temple.

The deal would affect Golden Temple's 230-employee cereal division, while the company plans to keep the Yogi Tea business.

Hearthside Food and Golden Temple have cleared the pre-merger waiting period required under federal law, according to the Federal Trade Commission. In general, a proposed merger worth more than $65.2 million triggers an investigation by federal antitrust regulators to make sure that the combination won’t be anticompetitive, according to the FTC...

Eugene Mayor Kitty Piercy and Springfield Mayor Sid Leiken, who said they’d had no contact with Hearthside Food, said Golden Temple has been a good employer and corporate citizen, and they hope a new owner of the cereal business would continue that track record.

Read the whole story at The Register-Guard.

{biztweet}Golden Temple Hearthside Food{/biztweet}

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