Baldor Specialty Foods, Inc. today announced that it is close to finalizing the acquisition of Merex Food Corp., a leading produce importer for the North American market. The Bon Campo line, exclusive to Merex, is a specialty food industry pioneer--the company introduced exotic products to the mainstream market over 20 years ago. By educating the consumer with recipes on every package, once-exotic items like sun-dried tomatoes, porcini mushrooms, radicchio, baby potatoes and shallots are now a staple in today's marketplace. Upon completion of the acquisition, the sales of these items would be incorporated into Baldor's I.P.E.X. division -- the Company's worldwide, off-shore network of farmers, marketers, and distributors, which ensure customers have a steady, affordable, year-round source of products. I.P.E.X. serves as Baldor's global marketplace for consumers in search of the world's finest produce and packaged goods.

Kevin Murphy, Baldor's CEO said: "I am happy about this merger as Baldor will now be able to provide our customers with the Bon Campo line and expand on its offerings. We continue to broaden our scope and product line while maintaining top level service." David Bloomberg, CEO of Merex said: "The Bon Campo line currently enjoys a good consumer franchise. Further growth is planned through an extensive, exciting line extension program featuring several new products that require the "state of the art" new facility at Baldor. We are all very excited about the future."

Dedicated to providing the finest and freshest produce and products, Baldor is one of the largest importers and distributors in the Northeastern United States. Recently relocated to a 200,000 square foot green facility in the Hunts Point section of the Bronx, Baldor is approved by the FDA and USDA, and is among the few facilities in the United States to be HACCP (Hazard Analysis Critical Control Points) accredited. This system that is now used at all stages of food production as an effective tool for protecting public health and food safety would enhance the already prestigious Bon Campo line of products. Boasting the most extensive culinary quality assurance program available, Baldor prides itself on providing a clean environment that ensures employee and product safety in which now will include the future growth of the Bon Campo product line.

Long a leading food importer and distributor to industry professionals, with the acquisition of Merex, Baldor would be poised to further extend deep-rooted relationships with local and international farmers, artisans and producers directly to the consumer.

ABOUT BALDOR SPECIALTY FOODS, INC.

Dedicated to sourcing the finest and freshest produce and products, Baldor Specialty Foods, Inc. is one of the largest importers and distributors of fresh produce in the Northeastern United States. Building on relationships with domestic farmers and international growers, Baldor is the hub of a worldwide network that provides its customers with fresh produce on a daily basis. Headquartered in a new state-of-the art 200,000 square foot facility in the Bronx, New York, Baldor continues to fill new specialty food niches in the marketplace.

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