Premium Hot Chocolate Line has been acquired by Precision Foods, Inc.

October 13, 2006 - Tully & Holland, Inc. is pleased to announce its role as exclusive financial adviser to International Marketing Systems, Ltd. In the sale of their premium hot chocolate line, Land O’ Lakes to Precision Foods, Inc. Precision Foods develops, packages, and blends dry mix food products for food service and consumer channels worldwide. 

About Tully & Holland
Tully & Holland www.tullyandholland.com is a leading Boston, MA-based investment bank established in 1992. The firm provides corporate finance and mergers & acquisitions advisory services to middle market consumer product companies. Tully & Holland has particular expertise representing food & beverage companies, multi-channel marketers, retailers, and consumer product manufacturers and distributors.