Admiral Foods Corporation is a diversified food processing and distributing comp

Admiral Foods Corporation is a diversified food processing and distributing company that has shown excellent growth over the past 10 years as a result of a balanced program of acquisitions and internal growth. One segment of the food business in which Admiral has only recently begun to compete however is the fast-food business. The present top management of Admiral Foods feels that good future growth in the fast-food business is still possible regardless of the rapid expansion of the 1980s and 1990s. During the past year members of the Admiral staff have examined and analyzed a number of independent fast-food firms. One company that the analysis indicated as potentially suitable for acquisition by Admiral is Favorite Food Systems Inc.