NORTHERN FOODS TO SELL U.S. UNIT FOR 24 MLN DLRS
Northern Foods Plc <NFDS.L> said its
<Northserv Inc> unit had agreed to sell <Flagship Cleaning
Services Inc> to <Best Co Inc> of Nevada for 24.6 mln dlrs
cash.
    Completion is due on April 30. Flagship is based in
Philadelphia and holds the Sears, Roebuck and Co <S> franchise
for domestic carpet and upholstery cleaning throughout the U.S.
    In the year to end March, 1986, Flagship - then known as
KeyServ - reported pre-tax profits of 2.0 mln dlrs with
end-year assets of 8.4 mln, giving a book profit on disposal of
16.2 mln.
    Northern Foods shares were unchanged at 297p.
 REUTER
