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Nestle Buys Arapahoe County, Colo.-Based Chef America.

The Denver Post (Denver, CO)

| August 07, 2002 | This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Jason Blevins

Aug. 7--or decades, countless Hot Pockets television commercials asked watchers "Whatcha gonna pick?"

Nestle enthusiastically answered on Tuesday.

Nestle SA, the world's largest food company, acquired privately held Chef America, the Arapahoe County-based maker of Hot Pockets, for $2.6 billion in cash, marking one of the largest deals in Colorado since the telecom merger frenzy of 1998-2001.

The jingle hasn't changed for almost 20 years, and neither has the frozen, dough-wrapped sandwich that brothers Paul and David Merage created in 1980 after watching throngs of harried Southern Californians eating on the run.…

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Source: HighBeam Research, Nestle Buys Arapahoe County, Colo.-Based Chef America.

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