CHICAGO, April 17 /PRNewswire-FirstCall/ -- Vita Food Products announced today that an entity controlled by Howard E. Bedford, a member of the Company's Board of Directors and the beneficial owner of a majority of its outstanding shares of common stock, today acquired 315,900 additional shares of the Company's common stock. The shares were purchased in a single private transaction at a material premium to the current market price of the Company's stock.
The Vita Seafood division is a U.S. leader in the herring and retail packaged salmon markets, and is engaged in several other food segments, including cream cheese, cocktail sauce, tartar sauce and horseradish. The Company markets and sells these items under the Vita(R), Elf(R) and Grand Isle(R) brands. More than 95% of Vita Seafood's sales are in kosher foods.
Vita Specialty Foods, Inc., the Company's wholly owned subsidiary, markets and sells honey, salad dressings, barbecue sauces and other meat enhancements and salsas.
The Company's common stock is currently quoted on the Pink Sheets, the electronic quotation and trading system for the OTC securities, under the symbol "VFPI".
