Chase Manhattan Bank will lead the financing for Aurora Foods Inc.'s planned acquisition of the Duncan Hines baking mix business from Procter & Gamble, according to an Aurora executive.

Columbus, Ohio-based Aurora, which is owned by MBW Investors LLC, announced plans Monday to buy Duncan Hines for an undisclosed sum. MBW created Aurora in 1996 to build a portfolio of national food brands.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.