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In the fall of 1982, General Foods Limited
was looking for a buyer for the food services end of its business, which
included all of its White Spot Limited holdings. Most, if not all, offers
were expected to come from large companies. It was only with reluctance that
Robert W. Hiller, controller of General Foods, Limited accepted a call late
in the business day from an unknown British Columbia entrepreneur, Peter C. Toigo, who wanted to discuss White Spot and the possibility of purchasing
it. A few weeks later, a handshake deal was reached regarding the sale of
the company, at a price of $38 million. By the end of December 1982, White
Spot became part of Shato Holdings Limited, the company Peter had formed in
1969. After 15 years, ownership of White Spot Limited was once again in the
hands of a B.C. resident. Immediately after the purchase, Peter hired Peter
T. Main as president and CEO of White Spot Limited. Main’s appointment
marked the start of the most aggressive development program in the company’s
history. |
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| White Spot Limited 2005 | Legal | Download the full White Spot history |