R.A.B. Holdings expects to complete restructuring in second quarter ending Sept. 30

By Jeff Pines

Washington, Aug. 13 - R.A.B. Holdings Inc. said it expects to complete its restructuring in the second quarter ending Sept. 30. The company's bankers have also agreed to waive any default, because the company has not made interest payments, until Oct. 15.

In April, the company reached an agreement in principle with its noteholders.

R.A.B. Holdings through its Millbrook Distribution Services Inc. subsidiary is the nation's largest full-service independent distributor of specialty foods, health and beauty care products and general merchandise to supermarkets and mass market retailers in 40 states east of the Rocky Mountains. It also is the country's largest manufacturer of processed Kosher foods.

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