Interstate Brands filed suit against GSFC.
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The manufacturer of Butternut, Mill Brook and Weber’s bread, among other products, said GSFC Inc. of Los Angeles breached an agreement to buy Interstate’s Western operations for $55.1 million. A spokesman for Interstate said GSFC “could not get financing” to complete the deal. The suit, filed in U.S. District Court in Kansas City, Mo., seeks a $4-million escrow deposit made by GSFC and $15 million in compensatory damages.
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