BORDEN MAY SELL ITS FOOD SERVICE UNIT TO HEINZ

COLUMBUS, Ohio -- Borden here is negotiating the sale of its food-service business to H.J. Heinz Co., Pittsburgh.

dressings.

No further details regarding when an agreement could be finalized were available late last month.

Divestment of the Foodservice Group is in keeping with a restructuring program Borden announced in January, which focuses on its core food businesses -- pasta, niche grocery, international foods and dairy.

Borden is a worldwide producer of packaged foods, nonfood consumer products and packaging and industrial products.